S&P 500 Performance After >5% YTD After April

S&P 500 Performance After >5% YTD After April Since 1972, when the S&P 500 has been up more than 5% heading into May, it has ended the year higher 92% of the time, with a…

Sentiment Indicator and Stock Positioning

Sentiment Indicator and Stock Positioning At 1.7, Goldman Sachs’ U.S. Equity Sentiment Indicator looks stretched, a level that has historically been followed by an average -0.4% return in the S&P 500 over the following month.…

Returns for Major Global Financial Assets

Returns for Major Global Financial Assets April was a standout month for the S&P 500, which surged 10.5%, even as U.S. Treasuries came under pressure amid rising inflation concerns and fading hopes for Fed rate…

Net Foreign Purchases of Long-Term U.S. Securities

Net Foreign Purchases of Long-Term U.S. Securities Foreign appetite for U.S. securities is still going strong. For all the talk of a dollar exodus, the world’s money managers are behaving as if nothing has changed.…

S&P 500 Performance After April >5%

S&P 500 Performance After April >5% Since 1950, a 5%+ April rally has set the tone: May has risen 90% of the time, and the rest of the year has posted a median return of…

S&P 500 Returns in April

S&P 500 Returns in April With a 10.4% gain, the S&P 500 just posted its second-strongest April since 1950, a powerful boost that often spills into the rest of the year, especially alongside new highs.…

Valuation – MSCI World 12-Month Forward P/E

Valuation – MSCI World 12-Month Forward PE With global equities trading at 18.5 times forward earnings, valuations look stretched by historical standards. Not a bubble, but far from cheap. Image: Goldman Sachs Global Investment Research

Annual Average IPO Return During First Trading Day

Annual Average IPO Return During First Trading Day In 2026, U.S. IPOs rose 19% on average in their first trading session, edging above the 30-year median and delivering a solid first-day pop. Image: Goldman Sachs…