Net Weekly Global Flows: Equity vs. Money Markets Strong equity inflows and shrinking money market assets show investors are pulling cash out of safe havens and putting it back to work in stocks, giving new…
Gold vs. Bitcoin The gap between gold and bitcoin has widened in recent weeks. Safe‑haven flows have lifted gold, while bitcoin has been trading more like a high‑beta risk asset, closely tracking tech and growth…
S&P 500 Index The S&P 500 has spent much of the last 12 months trailing international benchmarks, something investors don’t see often. But should the U.S. dollar find its footing, the advantage enjoyed by emerging…
U.S. High Yield Credit Spreads vs. VIX Investors are pricing high-yield credit as if the good times will roll on. Spreads are tight, fundamentals look firm, but that very optimism risks shading into complacency. Active…
Deviation of Earnings Above-Below Long Term Growth Trend vs. Valuations When earnings drift too far from their long-term growth trend, markets tend to close the gap painfully. The gap widening today points to risks still…
Real Price of Gold Per Ounce Gold’s nominal price has climbed past its 1980 peak, but once you factor in inflation, it’s far less frothy than it looks. The market hasn’t lost its head, at…
Seasonality – S&P 500 Cycle Composite for 2026 The S&P 500 Cycle Composite is flagging 2026 as a bullish but choppy year, and for now, the market is playing along with that seasonal script. Image:…
S&P 500 and Equity ETF Flows Equity ETFs remain money magnets, pulling in about $5.6 billion a day since the start of the year, up from $3.5 billion in 2025. Flows don’t lie: risk appetite is alive…
Systematic Strategies Equity Positioning vs. S&P 500 Realized Volatility When markets are calm, systematic strategies often stay heavily long equities to capture steady gains, a stance that can sting once volatility returns. Image: Deutsche Bank…
Earnings Sentiment (Analyst Upgrades Minus Downgrades Across Markets) Analysts are turning more cautious on U.S. earnings as growth concerns deepen, raising the risk of near-term pressure on stock valuations. Image: Goldman Sachs Global Investment Research
U.S. M2 Money Supply With M2 up 4.27% year on year, the money supply is lagging behind economic growth, pointing to cooling inflation rather than trouble. Image: Real Investment Advice