Share of Russell 3000 Firms Discussing Layoffs During Quarterly Earnings Calls You won’t hear much about layoffs on earnings calls these days, a hint that management still sees blue skies for growth. Talk of job…
Weight of TMT in the S&P 500 At 37% of S&P 500 earnings, Information Technology and Communication Services remain the market’s driving force, with the trend still pointing higher. Hard to bet against tech when…
S&P 500 Index Returns in February The S&P 500 tends to lose a bit of steam as February winds down, with the final days often trending softer. Nobody likes it, but few are really surprised. Image:…
Short Interest as % of Market Capitalization S&P 500 Median At 2.7%, short interest for the median S&P 500 stock is on the high side, but the buildup appears tied to portfolio hedging, not a…
Valuation – Magnificent Seven Forward P/E The Magnificent 7 are trading at their lowest premium to the rest of the S&P 500 in a decade. That doesn’t necessarily make them cheap, but the risk‑reward looks…
Software Stocks (IGV) and Forward P/E The recent weakness in software stocks reflects a valuation de-rating rather than deteriorating fundamentals. Retail investors have been adding exposure on dips, even as institutional money stays cautious. Image:…
Cumulative Global Sector Fund Flows Industrial funds have seen a surge in inflows over the past year, outpacing every other sector and showing no sign of losing momentum. Image: Deutsche Bank Asset Allocation
Global Equities Performance Since spring 2025, the stock rally has gone global, with Europe and Asia powering ahead while U.S. equities lag behind. Broad participation like this often keeps bull markets running longer than most…
Distribution of S&P 500 Annual Returns Since 1928, the S&P 500 has finished a calendar year more than 10% lower only 12 times. Such drops are rare, but they’re part of the cost of staying in…
Performance of S&P 500 Megacap Growth Stocks vs. Rest of S&P 500 Mega-cap growth and tech stocks are testing the bottom of their decade-long channel versus the rest of the S&P 500, a level that…
Volatility – VIX vs. VIXEQ Single-stock volatility is rising faster than the VIX as leadership rotates from tech toward energy names and companies tied to real assets. Volatility beneath the surface says more about market…