Share of Mutual Funds Outperforming Benchmarks 42% of large-cap mutual funds are beating their benchmarks, still above the long-term average of 37%. The catch? Most managers who beat the market one period can’t do it…
Investor Psychology Cycle Panic can push markets too far, too fast, creating opportunities for contrarians willing to buy when fear peaks. Euphoria is the other side of the trade, and often signals that it’s time…
Magnificent Seven Minus S&P 500 ex Magnificent Seven EPS Growth After years of leading, the Magnificent Seven’s EPS growth has cooled to the point where the rest of the S&P 500 is now growing faster,…
FX Impact from AI Disruption to Services As AI pushes the marginal cost of cognitive work lower, the UK stands out: its services-heavy economy leaves sterling the most exposed to disruption. Image: Deutsche Bank
Equity Risk Premium In the U.S., the equity risk premium has shrunk to the point where stocks barely compensate investors for taking risk over bonds. That weakens the bull case for equities and sets the…
Change in Consensus 2026 S&P 500 EPS S&P 500 EPS forecasts for 2026 surged, with upward revisions accelerating after the U.S.–Iran conflict erupted, even as geopolitical and macro risks climbed. Image: Goldman Sachs FICC &…
$100,000 over 30 Years: The Fund vs. The Average Investor U.S. funds returned an annualized 8.2%, but the average investor earned only about 7.0%. Much of the gap came from poor timing: buying after prices…
S&P 500 Sectors Announced Buybacks (Last 3 Months) Over the past three months, buyback announcements have been led by Financials, Tech and Industrials, which together make up most of the repurchase activity in U.S. equities.…
Commodities (Oil, Gold, Copper) – Commodity Net Long Positioning Momentum in gold and copper is firmly with the bulls as net-long positions build. The trend still has legs, but this isn’t an early-cycle trade anymore.…
S&P 500 3-Month Option-Implied Volatility Single-stock volatility in the S&P 500 has eased from July’s extremes but remains above its long-term average, while index volatility is still relatively calm. Image: Goldman Sachs Global Investment Research
S&P 500 Weekly Announced Buybacks While the pace of new S&P 500 buyback announcements has cooled in the past few weeks, overall buyback activity in corporate America remains firm, providing steady support for stocks. Image:…