Share of Global Market Capitalization With 64% of global equities, the United States still sets the tempo in world finance, drawing capital and dictating market moods from New York to Tokyo. Image: Goldman Sachs Global…
Risk Appetite Indicator The Goldman Sachs Risk Appetite Indicator has dropped back to zero, marking a sharp reversal in market sentiment. Image: Goldman Sachs Global Investment Research
S&P 500 December Returns The S&P 500 lost ground last December, but two red Decembers in a row are rare. That track record may give bulls hope for a Santa Claus rally and a strong…
ISM Manufacturing Index vs. S&P 500 Index U.S. factory activity lost more steam in November, with the ISM Manufacturing Index slipping to 48.2 versus expectations for 49.0, marking another month of contraction and persistent industrial…
Equity Market Concentration – Market Capitalization of 10 Largest Companies as Share of S&P 500 Total The S&P 500 was once a reflection of the wider market. Today, its moves are dictated by just ten…
Gold Positioning Rising long positions in gold over the past two weeks point to strengthening demand, a classic bullish sign that keeps the rally in play. Image: Bloomberg
Asset Class Flow The surge of capital into U.S. stock funds in 2025 was largely fueled by optimism around growth prospects, strong earnings, and heavy investments by tech and AI giants. Image: J.P. Morgan Equity…
S&P 500 Monthly Gains Tracker Seven months of uninterrupted gains in the S&P 500 mark a rare streak, one that often cools around this stage. Even so, history tends to favor the bulls over the…
Seasonality – S&P 500 Index Average Monthly Returns December usually puts Wall Street in a festive mood. The reason? The Santa Claus rally typically shows up, with U.S. stocks averaging a 1.4% gain since 1950…
S&P 500 Performance Around First Fed Cut Fed easing sounds bullish, but not when growth cracks. In recessions, U.S. stocks have often fallen despite cheaper money. Image: Goldman Sachs Global Investment Research
Market Pricing of Fed Rate Cuts Traders are increasingly confident the Fed will cut rates at the December 10, 2025 FOMC meeting, pricing in an 86% chance of a quarter-point move and just a 23%…