Energy Positioning vs. Oil Price Energy positioning is lagging what you’d expect considering how far oil prices have already moved up. Image: Deutsche Bank Asset Allocation

U.S. Unemployment Rate Softer growth is set to nudge joblessness higher, with U.S. unemployment seen near 4.6% by year‑end and closer to 4.9% under a harsher oil shock scenario. Image: Deutsche Bank

S&P 500 3-Month Option-Implied Volatility Since 2024, the volatility of the average stock in the S&P 500 has been on the rise. Image: Goldman Sachs Global Investment Research

Net Bullish Sentiment vs. S&P 500 Index Investor sentiment has turned sharply risk‑averse in recent weeks, as the Middle East conflict and its potential spillovers have made markets more cautious about risk assets. Image: Real…

S&P 500 Performance per Year of a 4-Year Presidential Cycle Even when midterms shake investor sentiment, history leans bullish, with U.S. stocks up an average of 8.8% in second presidential terms since 1950. Midterm jitters…

CTAs Exposure to the U.S. Dollar After betting against the U.S. dollar, Commodity Trading Advisors are easing up on their shorts and edging toward neutral. Few will be surprised as the greenback finds support when…

Systematic Equity Positioning Systematic strategies have slipped to neutral, with positioning now in the 40th percentile, as higher volatility has triggered a recent bout of de-risking. Image: Deutsche Bank Asset Allocation

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,…

U.S. Recession Probability Recession odds in the U.S. have dropped to levels that favor continued growth rather than an imminent slump. Image: Deutsche Bank Research

CTAs Exposure to Equities CTAs have tactically reduced their equity exposure recently to the 43rd percentile, though their positioning stays firmly on the long side. The move shows they’re cautiously optimistic. Image: Deutsche Bank Asset…

Brent Oil Price Forecast Goldman Sachs has lifted its 2026 oil price forecast, now seeing Brent crude averaging $85 a barrel and WTI at $79, as disruptions in the Strait of Hormuz keep energy markets…