S&P 500 Returns After Down >15% YTD and Comes Back to Up Double Digits History favors the bulls. Every time the S&P 500 has dropped more than 15% in a year and then roared back…

Average S&P 500 Performance After Oil Shocks On average, U.S. equities have tended to be under pressure in the months following major oil shocks, though the pattern is not uniform and depends heavily on whether…

Cash Allocation by Non-Bank Investors Globally Non‑bank global investors are rotating out of stocks and bonds and into cash as the Middle East conflict‑related energy shock raises inflation fears and the risk of higher interest…

S&P 500 CAPE Ratio vs. U.S. Households Holding of Equities % Total Financial Assets Americans are all-in on equities like never before. That speaks to booming wealth and bullish sentiment, but it also leaves portfolios…

Share of Global Market Capitalization The U.S. accounts for only 4% of the world’s population, but it holds 62% of global equity value. Its innovation pipeline continues to pull in overseas capital. The simple truth:…

S&P 500 Index and BB to 10-Year Treasury Spread Keeping an eye on the junk to Treasury bond spread can reveal how healthy the U.S. market really is, and where it might be going next.…

S&P 500 -10% Or More Annual Declines Are Rare Double-digit declines in the S&P 500 during a calendar year are rare, but they never come out of nowhere. Since 1928, they’ve occurred only twelve times,…

U.S. Dollar Index (DXY) and DXY Weighted 2-Year Rate Differential The U.S. dollar’s recent gains have been surprisingly modest, given the backdrop. In fact, rate differentials still argue for a softer greenback. Image: TS Lombard

Average U.S. 10-Year Treasury Yield Performance After Oil Shocks Historically, sharp oil‑price spikes have often, but not always, been followed by weaker bond performance because higher energy costs push headline inflation and expectations of future…

Energy Positioning vs. Oil Price Energy positioning is lagging what you’d expect considering how far oil prices have already moved up. Image: Deutsche Bank Asset Allocation

U.S. Unemployment Rate Softer growth is set to nudge joblessness higher, with U.S. unemployment seen near 4.6% by year‑end and closer to 4.9% under a harsher oil shock scenario. Image: Deutsche Bank