The Largest Cumulative Losses Before Young/Start-Up Companies Turned a Profit As OpenAI’s revenue rises, the question looms: can it reach profitability by 2029 while spending so heavily to fuel the AI race? Image: Deutsche Bank

U.S. Valuations: PE10 Ratio The PE10 ratio points to U.S. mid- and small-cap stocks as a valuation sweet spot and potentially poised for better future returns than large caps. Image: Topdown Charts

S&P 500 and Equity ETF Flows ETF equity inflows aren’t necessarily a sell signal for the S&P 500 right now, but they spotlight a market chasing risk. With stocks and flows climbing fast together, sentiment…

Hyperscaler Capex Heading into 2026, hyperscalers are projected to experience a deceleration in capex growth that could weigh further on valuations. Image: Goldman Sachs Global Investment Research

U.S. Treasury Index – Annual Return U.S. Treasuries are on track for their strongest annual performance since 2020, lifted by Fed rate cuts and a cooling labor market that is fueling bets on more monetary…

Real S&P 500 Index The current market cycle still feels incomplete. After strong rallies, markets often retreat to test previous highs. That pullback, though painful, often clears the air and sets up the next move…

S&P 500 Returns in December During Year One of the Presidential Cycle U.S. stocks have finished December in the red during the first year of the presidential cycle just once in the past 40 years,…

Data Centre Electricity Consumption by Country (Forecast to 2030) Data center electricity use may triple by 2030 due to AI growth, straining energy infrastructure, challenging capacity, sustainability, and reliable power supply across global grids. Image:…

Median S&P 500 Performance After Fed Cuts Rates The S&P 500 has typically rallied about 50% in the two years after the Fed begins cutting rates. But when those cuts hit during recessions, those gains…

Median U.S. 10-Year Treasury Yield Performance in Fed Rate Cuts Cycles Fed rate cuts usually pull short-term yields lower, but long Treasury bonds don’t always fall in line. Inflation expectations, shifting bets on future policy,…

S&P 500 Valuations vs. 6-Month Forward Returns Valuations can help frame long-term return expectations, but they rarely say much about what markets will do in the short run. Image: Goldman Sachs Global Investment Research