S&P 500 Returns in January The S&P 500 is up 1% so far this month. January has finished higher three years in a row. Could this be the fourth? Since 1950, when January finishes in…

Valuation – Mega-Cap Tech PEG Ratio Despite relying on forward growth estimates that often move, the Mega-Cap Tech PEG ratio (P/E to CY3 EPS growth) has fallen sharply, echoing the lows of 2022. Image: Goldman…

YTD Returns of Select Equity Indices Wall Street has lost some spark. The KOSPI, fired up by semiconductor leaders, has surged 15% this year, dwarfing the S&P 500’s and Nasdaq 100’s modest 1% gains. Image:…

Markets – Cumulative S&P 500 Growth vs. Cumulative Real GDP Growth vs. Cumulative S&P Sales Growth Fueled by years of Fed stimulus, investors have been conditioned to buy every dip, sending U.S. markets into orbit…

Gold Price Forecast Goldman Sachs is turning more bullish on bullion, lifting its December 2026 forecast to $5,400 an ounce from $4,900, as private-sector diversification into gold starts to gain traction. Image: Goldman Sachs Global…

S&P 500 Weekly Announced Buybacks S&P 500 buyback announcements have cooled in recent months, but most analysts call it a pause after record highs. High rates and rising capex are weighing on activity, but resilient…

Net Weekly Global Flows: Equity vs. Money Markets Strong equity inflows and shrinking money market assets show investors are pulling cash out of safe havens and putting it back to work in stocks, giving new…

Gold vs. Bitcoin The gap between gold and bitcoin has widened in recent weeks. Safe‑haven flows have lifted gold, while bitcoin has been trading more like a high‑beta risk asset, closely tracking tech and growth…

S&P 500 Index The S&P 500 has spent much of the last 12 months trailing international benchmarks, something investors don’t see often. But should the U.S. dollar find its footing, the advantage enjoyed by emerging…

U.S. High Yield Credit Spreads vs. VIX Investors are pricing high-yield credit as if the good times will roll on. Spreads are tight, fundamentals look firm, but that very optimism risks shading into complacency. Active…

Deviation of Earnings Above-Below Long Term Growth Trend vs. Valuations When earnings drift too far from their long-term growth trend, markets tend to close the gap painfully. The gap widening today points to risks still…