S&P 500 Quarterly Returns The last quarter of the year has traditionally been the strongest period for U.S. equities. It is frequently associated with favorable gains and a possible recovery from any setbacks encountered in…
Valuation – S&P 500 vs. U.S. Treasuries The current high valuation of U.S. stocks compared to Treasuries suggests that investors are willing to pay more for stocks, possibly indicating optimism about future performance. Image: Topdown…
10-Year Treasury Non-Commercial Net Positioning and Market Yield on U.S. Treasury at 10-Year Constant Maturity Given the high level of short positions in 10-year U.S. Treasuries, some investors may find it advantageous to increase the…
Valuation – S&P 500 P/E to VIX Ratio When the S&P 500 valuation-to-volatility ratio is high, it suggests investors pay more for perceived market safety, indicating potential overvaluation and increased market vulnerability to downturns. Image:…
Return – Aggresive vs. Conservative Portfolios Aggressive portfolios have historically demonstrated a greater ability to preserve capital compared to conservative portfolios. Image: BofA Research Investment Committee
Median S&P 500 Returns by Day of Week Monday and Thursday are the most favorable days for U.S. stocks so far this year, with the highest levels of performance and potential profitability among all the…
Investor Sentiment – S&P 500 and NAAIM Index Below 40 The NAAIM index dropping below 40 is often interpreted as active investment managers selling equities at market bottoms, signaling a potential short-term market bottom. Image:…
Valuation – S&P 500 Forward P/E and 10-Year U.S. Real Yield Is the current disconnect between the valuation of U.S. stocks and the impact of real interest rates on the economy expected to be temporary?…
U.S. Initial Unemployment Claims After Yield Curve Inversion Is there a difference this time in the association between an inverted yield curve, usually indicating economic decline, and the potential for job losses? Image: Morgan Stanley…
S&P 500 TTM EPS Before/After Earnings Troughs After a period of decline, S&P 500 earnings tend to rebound and grow at a faster rate than the decline they experienced. This pattern may not apply to…
Valuation – Mega-Cap Tech vs. Rest of S&P 500 P/E Compared to the mega-cap tech stocks, the remaining stocks in the S&P 500 appear to be priced at a more reasonable level. Image: Goldman Sachs…