Median Monthly Flow into Equity Mutual Funds and ETFs as a % of Total AUM Historically, May has been the month with the largest outflows from equity mutual funds and ETFs, hardly surprising given how…
Returns for Major Global Financial Assets April was a standout month for the S&P 500, which surged 10.5%, even as U.S. Treasuries came under pressure amid rising inflation concerns and fading hopes for Fed rate…
Net Foreign Purchases of Long-Term U.S. Securities Foreign appetite for U.S. securities is still going strong. For all the talk of a dollar exodus, the world’s money managers are behaving as if nothing has changed.…
S&P 500 Performance After April >5% Since 1950, a 5%+ April rally has set the tone: May has risen 90% of the time, and the rest of the year has posted a median return of…
S&P 500 Returns in April With a 10.4% gain, the S&P 500 just posted its second-strongest April since 1950, a powerful boost that often spills into the rest of the year, especially alongside new highs.…
Valuation – MSCI World 12-Month Forward PE With global equities trading at 18.5 times forward earnings, valuations look stretched by historical standards. Not a bubble, but far from cheap. Image: Goldman Sachs Global Investment Research
Annual Average IPO Return During First Trading Day In 2026, U.S. IPOs rose 19% on average in their first trading session, edging above the 30-year median and delivering a solid first-day pop. Image: Goldman Sachs…
% of Companies with Revenue Exposure to Just One Sector (TOPIX 500, MXAPJ, STOXX 600, S&P 500) The S&P 500 shows a striking level of concentration, with 61.1% of its companies relying on a single…
WTI Oil Prices in Real Terms The 2026 oil shock looks far less dramatic in historical terms. It still bites, just not with the same force. Once you adjust for inflation and reduced energy intensity,…
Central Bank Gold Purchases Central bank gold buying eased to 863 tonnes in 2025 from 1,092 tonnes in 2024. Buying has cooled, but official-sector demand remains well above historical standards and continues to play a…
Various S&P 500 Index 6-Month Returns May-October is often seen as the weaker stretch for U.S. stocks, averaging just 2.1%. But when April rallies more than 5%, history flips the script: since 1950, the S&P…