Earnings Surprises of S&P 500 Companies This quarter’s earnings season demonstrates continued resilience in corporate profitability. 63% of S&P 500 companies have beaten Q2 earnings estimates by at least 1 stdev., while 10% have missed…
The 2009 S&P 500 Bull Market Compared With This One Since October 2022, the current S&P 500 bull market has mirrored early patterns of the 2009–2020 bull market, experiencing a mid-cycle correction typical of its…
Hyperscaler Capex by Company The current AI-driven capital expenditure boom among U.S. hyperscalers represents a once-in-a-generation shift in infrastructure investment, with spending projected to reach $497 billion in 2027. Image: Goldman Sachs Global Investment Research
S&P 500 Quarterly Earnings Growth Earnings growth for the S&P 500 accelerated from 8.7% in Q1 to 9.9% in Q2. While the overall trend indicates robust earnings growth, the gains are unevenly distributed across sectors…
S&P 500 Quarterly Net Profit Margin (Ex. Financials & Energy) The consensus outlook predicts that S&P 500 profit margins will expand through 2026, fueled by solid earnings growth and favorable economic conditions, and will exceed…
Corporate America’s Announced Buybacks July’s record $166 billion in share repurchases played a key role in driving an annual buyback pace that may exceed $1 trillion in 2025, reflecting solid corporate confidence and return-of-capital strategies.…
U.S. Household Ownership of Stocks, % of Total Assets An elevated equity exposure among U.S. households does not necessarily signal an imminent market downturn, but it underscores the importance of cautious investment strategies and prudent…
Discretionary Investor Positioning Discretionary investors have lowered their equity exposure to the 30th percentile, reflecting cautiousness amid less favorable economic indicators and increased market uncertainty. Image: Deutsche Bank Asset Allocation
Global Economy – GDP Growth Projections The IMF forecasts global economic growth of 3.0% in 2025 and 3.1% in 2026. This cautious optimism is driven by easing trade barriers and improved financial conditions but remains…
Volatility Control Funds Estimated Equity Allocation Vol-control funds have near-record equity exposure by historical standards, sitting at the 97th percentile, which reflects strong confidence in the equity market risk environment. Image: Deutsche Bank Asset Allocation
Company Insider Buy-Sell Ratio Insider buying has recently dried up, with insider purchases falling behind insider sales by the most since July 2024—this may reflect either executive caution or opportunistic profit-taking. Image: Bloomberg