Importance of Macro Driver in Explaining Returns Higher real 10-year UST yields can potentially lead to a decrease in U.S. stock returns, but other factors should also be considered. Image: Goldman Sachs Global Investment Research

U.S. Equity Risk Premium – Long-Term View Should investors approach U.S. equities with caution due to the significant decline in the equity risk premium, which stands well below its historical average? Image: Topdown Charts

S&P 500 When Up 10% or More at the End of June The sell-off in U.S. stocks may not imply a long-lasting bearish period, but rather a temporary dip that could reverse in late October,…

S&P 500 Performance After a Year of No Record Highs From a historical perspective, the absence of a record high in the S&P 500 Index since the start of the year could indicate the possibility…

Global Central Bank Balance Sheets The ongoing trend of central banks purchasing global debt since 2008, will depend on dynamic economic conditions, inflationary forces, and the specific monetary policy goals of each individual central bank.…

Cycle – U.S. Regimes The U.S. regime indicator remains in the recovery phase, which suggests that there are positive signs and trends indicating improvement. Image: BofA US Equity & Quant Strategy

S&P 500 Average 10-Day Returns Historically, U.S. stocks are entering a seasonally bullish period, associated with positive performance and upward momentum. Image: Carson Investment Research

U.S. 10-Year Treasury Yield – Monthly Chart The gradual approach of the U.S. 10-year Treasury yield towards the secular target carries significant implications for various sectors of the economy and financial markets. Image: BofA Global…

S&P 500 % of Members Above 200-Day Moving Average A limited number of U.S. stocks driving market performance due to a lack of broad market participation can be problematic, potentially resulting in a less sustainable…

S&P 500 Earnings Revisions Breadth vs. S&P 500 YoY With yields no longer supporting high valuations, earnings growth is expected to be the main factor driving U.S. equity returns in the near future. Image: Morgan…

10-Year U.S. Treasury Yield The 10-year U.S. Treasury yield, which had experienced significant volatility and deviation from its pre-2008 trading range in the aftermath of the global financial crisis, has now reverted back to its…