Median Short Interest Across Russell 3000 Stocks Median short interest across Russell 3000 names has surged to multi-year highs as bearish positioning intensifies, setting the stage for a potential squeeze. Crowded shorts have a habit…
S&P 500 Performance After A >10% Q2 Quarter History leans very bullish. Since 1950, when the S&P 500 has risen more than 10% in Q2, the rest of the year has finished in the red…
Valuation – S&P 500 CAPE Ratio Valuations don’t matter until they do. Across 150 years of market history, stretched valuations have been a reliable warning sign, with each of the past three peaks followed by…
S&P 500 Trailing 4-Quarter Net Profit Margin (Ex. Financials) With S&P 500 profit margins holding near 13% and rates still low, equity valuations have more room to breathe. Goldman Sachs now expects 7% annual returns…
Hyperscaler Capex, Operating Cash Flow and Free Cash Flow Big Tech’s five hyperscalers are now investing beyond their operating cash flow. The narrative has flipped from “can they afford it?” to whether the AI buildout…
EPS Revisions Since the start of the year, EPS revisions have trended higher across the S&P 500, STOXX 600, Topix and especially MSCI EM, as confidence in 2026 earnings builds. Image: Goldman Sachs Global Investment…
Valuation – Russell 2000 Forward 12-Month P/E The Russell 2000 is full of unprofitable companies, which makes its forward 12-month P/E look pricey at 33x. Strip out the loss-makers, and it falls to 16x. Image:…
Hyperscaler Quarterly Capex Growth Goldman Sachs thinks Wall Street is too conservative on 2027 hyperscaler capex, with the AI spending boom likely to run hotter for longer. Image: Goldman Sachs Global Investment Research
Positions in S&P 500 Equity Futures by Asset Managers Equity positioning looks stretched. Asset managers have pushed long exposure in U.S. stock futures to its highest level, showing stronger risk appetite but also leaving the…
S&P 500 Return During July July has been kind to U.S. stocks, rising for 11 straight years and delivering an average gain of 3.2%. Can the streak continue? Image: Carson Investment Research
Earnings Growth – Mag 7 and S&P 500 ex-Mag 7 The Magnificent Seven are on pace for 38% earnings growth this year, versus 19% for the rest of the S&P 500. With tech momentum still…