S&P 500 Intra-Year Declines vs. Calendar Year Returns Intra-year corrections, which refer to temporary downturns in stock prices, are fairly common in the U.S. stock market, typically averaging around 10%. Image: Real Investment Advice
S&P 500 Seasonality Historically, the S&P 500 has tended to rally after Election Day, as uncertainties surrounding policies get resolved. Image: Goldman Sachs Global Investment Research
Valuation – Median Forward P/E While valid concerns exist regarding the high valuations of 10 largest stocks today, it’s important to note that the current situation is nothing like the tech bubble of the late…
U.S. Dollar vs. S&P 500 The market is responding positively to good news, as indicated by the recent divergence between the S&P 500 and the U.S. dollar (inverted). This suggests a renewed sense of optimism…
EM Debt Flows Outflows from emerging market debt persist, indicating a sustained trend of movement away from this financial asset. Image: BofA Global Investment Strategy
Valuation – Equal-Weight S&P 500 P/E Multiple According to Goldman Sachs, the equal-weight S&P 500 P/E multiple is currently 13% above fair value. This suggests that stocks in the S&P 500 Equal Weight Index may…
S&P 500 Equity Risk Premium Despite potential in U.S. equities, the decline in equity risk premium suggests caution is needed, prompting diversification across asset classes for risk management. Image: BofA Global Research
Sector Composition of the S&P 500 by Equity Capitalization S&P 500 sector capitalization has fluctuated widely over time, highlighting the dynamic nature of the market and changing investor preferences. Image: Goldman Sachs Global Investment Research
Inflation Adjusted U.S. Household Equity Ownership by Brackets In the past few years, wealth inequality has surged to unprecedented levels in the United States, with the gap between the top 10% and the bottom 90%…
S&P 500 Target Goldman Sachs maintains its year-end S&P 500 price target of 5,200 and expects EPS to rise by 8% in 2024, reflecting an overall positive outlook for the stock market and company earnings.…