Ratio of Bitcoin to Production Cost Bitcoin slipped below JPMorgan’s estimated production cost of $94,000 for the first time since mid-2020, a level that has often marked the price floor in earlier cycles. Even so,…
S&P 500 and Global Central Bank Rate Cuts With most central banks cutting rates or holding steady over the past six months, the easy policy mood has helped lift risk appetite and pushed markets like…
Median Stock Short Interest as % of Market Capitalization – Russell 2000 vs. Nasdaq 100 vs. S&P 500 Short sellers are crowding into U.S. small‑caps, where weaker balance sheets, higher borrowing costs, and exposure to…
Sectors Positioning (High Frequency) Positioning in mega-cap growth and tech names has eased but stays lofty compared with other sectors. Valuation worries are prompting some trimming, but the broader growth narrative is far from broken.…
Median S&P 500 Stock Short Interest as % of Market Capitalization Short interest for the median S&P 500 stock remains high, rising to 2.4%. However, the move is currently being driven more by investors using…
Fed Funds Rate – Target Probabilities at the Fed’s FOMC Meeting Traders are showing renewed optimism for a Fed rate cut at the December 10, 2025 FOMC meeting, pricing in a 71% chance of a…
Valuation – Real S&P 500 Index with Recessions and S&P 500 Shiller CAPE Ratio Markets move in full cycles, swinging from long bull runs to deep bear phases. These patterns have played out time and…
S&P 500 Annual Highs Per Month It’s still a bull market to love, even as the bears grow louder. History rarely sees the S&P 500 peak in October, and with new highs within reach, U.S.…
Equities – 10-Year Forward Annualized Total Returns in Local Currency Rich valuations aren’t stopping Goldman Sachs from backing global equities, with Emerging Markets and Asia seen leading performance over the next 10 years. Image: Goldman…
Mentions of AI During Earnings Calls AI is taking center stage in corporate America, with an increasing number of S&P 500 companies spotlighting it in their earnings calls, and the momentum shows no signs of…
S&P 500 Returns When New Highs Are Made In October A slow start to November may not tell the whole story. When the S&P 500 hits a new high in October, history leans bullish, with…