U.S. Dollar History vs. Neutral Value Currency markets move more on expectations around interest rates, economic data, and geopolitics than on fundamentals. The U.S. dollar’s stabilization at neutral levels reflects Fed policy uncertainty and ongoing…
Valuation – S&P 500 Forward P/E Multiple Strong profits haven’t lifted valuations: the S&P 500’s P/E has narrowed as investors weigh geopolitical uncertainty and renewed oil price volatility. Sometimes solid results aren’t enough when risk…
Market-Implied U.S. Recession Probability Markets now price in just a 14% chance of a U.S. recession over the next year, keeping recession fears modest and consistent with a moderate-risk backdrop. Image: Goldman Sachs Global Investment…
S&P 500 and Cross-Asset Volatility Stress Rising cross-asset volatility often signals growing fragility in U.S. equities. It is a cautionary signal, not a call on an imminent crash. It’s more of a yellow flag than…
S&P 500 Index Single Day Average Returns Saint Patrick’s Day is putting a smile on the bulls, as it’s not just one of the greenest days of the year but also historically the strongest for…
S&P 500 Return Around 7 Major Geopolitical Risk Events The S&P 500’s 5% slide from its January peak mirrors the market’s typical pullback after major geopolitical shocks. Many investors see the turbulence as temporary, betting…
S&P 500 and Crude Oil Since the conflict erupted in the Middle East, the S&P 500 has been moving almost opposite to oil, showing a striking 91% inverse correlation. When crude rises, investors often worry…
S&P 500 Performance When Q1 Low Breaks the December Low Close When the S&P 500 sinks below its December low in the first quarter, history tends to flash a warning light. On average, U.S. stocks…
Oil Price Fair Value Oil is trading 56% above its estimated medium‑term fair value. Apart from the 2022 shock peak, the market has rarely looked this overbought, leaving room for downside if conditions normalize. Image:…
S&P 500 Around Major Geopolitical Events U.S. stocks have a habit of looking past turbulence in oil. After past geopolitical flare-ups, the S&P 500 has usually pushed higher, and this episode could follow the same…
Estimated Oil Exports Through Strait Hormuz, Based on Vessel Count Goldman Sachs has toughened its base case for the Strait of Hormuz, now expecting 21 days of minimal crude flows followed by a month‑long recovery…