Weekly Change in Equity Positioning Equity positioning saw its sharpest weekly pullback since “Liberation Day” in April—a dip many traders were quick to buy. Image: Deutsche Bank Asset Allocation

Discretionary Investors Equity Positioning vs. S&P 500 EPS Growth Discretionary investors are betting on an earnings downturn that looks increasingly out of sync with the data. If that pessimism fades, risk appetite could roar back…

S&P 500 Yearly Performance During Bull Markets History favors the bulls: since 1950, only once has an S&P 500 bull market ended in its fourth year—history therefore favors further upside over a transition to bear…

Valuations – Market Values as a Proportion of World GDP Global equities have tripled their weight since the 1990s, jumping from 75% to above 200% of world GDP—an expansion that screams just how far valuations…

Corporate Profits After Tax and U.S. Real GDP In America, corporate profits aren’t just numbers; they’re the oxygen for investment, jobs, and market gains. With such a tight link to the real economy, weaker profits…

S&P 500 Various Declines per Year Volatility is part of the market’s DNA; the real skill lies in how investors navigate the bumps to keep compounding. Image: Carson Investment Research

U.S. vs. Non-U.S. Equities Valuations vs. ROE Investors aren’t shy about paying a premium for U.S. stocks. The payoff? Superior returns on equity and earnings growth that few markets can match. Image: Goldman Sachs Global…

Share of Global Market Capitalization With 64% of global equities, the United States still sets the tempo in world finance, drawing capital and dictating market moods from New York to Tokyo. Image: Goldman Sachs Global…

S&P 500 and Margin Debt Now above $1 trillion, margin debt stands at just about 1/57th of the total U.S. equity market cap, up 35% from a year ago—still a far cry from the surges…

Materials Group Positioning Sitting at the 65th percentile, positioning in materials signals confidence creeping back into the sector—without yet crossing into euphoria. Image: Deutsche Bank

Cumulative Change in Real S&P 500 and Real Profits Earnings remain solid, especially in tech, but the widening gap between the real S&P 500 index and real corporate profit growth suggests investors may be chasing…