GS Financial Conditions Index U.S. financial conditions have tightened slightly but remain broadly supportive, continuing to feed through to stronger consumer spending and business investment. Image: Goldman Sachs Global Investment Research
Crypto Fund Flows Crypto funds have endured persistent outflows over the past two months, with Bitcoin vehicles taking most of the selling pressure. Last week, however, inflows ticked higher, offering a small boost of optimism.…
S&P 500 and Trend Strength by Market Cap US small caps are leading the breadth picture, with 67% now trading above the 200-day moving average, the highest reading since 2021. That’s a healthy signal, but…
S&P 500 Return Around Start of Fed Hiking Cycles When the Fed turns to hiking, the S&P 500 often takes a breather, slipping modestly over the next few weeks and months before the broader trend…
Implied Vol for Individual Stocks in the S&P 500 vs. the Index There’s a wide gap between single-stock implied volatility, which remains elevated, and index volatility, which is more moderate. Image: Deutsche Bank Asset Allocation
U.S. Dollar Index (DXY) and Purchasing Power Parity Valuation On key valuation metrics, the US dollar is still rich. That leaves little room for a sustained rally, especially as foreign demand has cooled since Liberation…
Spot Gold Gold is trading close to a seven-month low as a stronger dollar and expectations for higher-for-longer U.S. interest rates keep pressure on the metal. Image: MarketDesk Research
Announced Buybacks on Wilshire 5000 This year, announced buybacks are heading past $2 trillion, a new record. But there is a gap between what companies say and what they actually do. In practice, actual buybacks…
S&P 500 – Short Interest on the SPY and QQQ U.S. ETFs Short positions in the SPY and QQQ US ETFs remain muted, indicating limited appetite for downside speculation. The market is still more comfortable…
Magnificent Seven Stocks vs. S&P 500 – Cumulative Revenue Growth Since 2016 Since 2016, Mag 7 revenue has climbed 375%, versus 95% for the S&P 500. Earnings tell the same story. A flow-driven pullback can…
Consumer Sentiment Index and Subsequent 12-Month S&P 500 Returns When consumer confidence sinks, stocks often rebound anyway, turning lousy sentiment into fuel for gains. It’s a classic contrarian setup: the worse the mood, the better…