Cumulative Change in Real S&P 500 and Real Profits Earnings remain solid, especially in tech, but the widening gap between the real S&P 500 index and real corporate profit growth suggests investors may be chasing…
Average Post-Election Year for S&P 500 History has smiled on years ending in “5” for U.S. equities. Post-election years, too, often see stocks bottom out by late October before rallying into year-end—a familiar gift for…
Valuation – 12-Month Forward P/E Ranges (MSCI Regions) Wall Street’s rally, powered by tech and AI euphoria, shows no signs of slowing—but soaring valuations and bubble talk leave little margin for errors despite the optimism.…
Market Capitalization – United States vs. Asia vs. Europe Wall Street has smoked global rivals on roaring earnings, fat margins, and deep capital. But, sky-high prices and overheated expectations could break its stride. Image: Goldman…
Healthcare Positioning Healthcare positioning back to neutral, at the 47th percentile, may tempt patient investors eyeing value beneath the surface turbulence. Image: Deutsche Bank Asset Allocation
World Portfolio The world’s portfolio remains tilted toward the U.S.—in both stocks and bonds. Gold holds a modest 6%, while crypto barely cracks 1%. Image: Goldman Sachs Global Investment Research
Valuation – S&P 500 Median P/E Ratio The S&P 500’s median P/E ratio sits at 26.2—a level that leaves stocks looking pricey and raises the odds of thinner returns or a valuation pullback if history…
Fed Funds Rate and 10-Year U.S. Treasury Yield The S&P 500’s record-breaking rally shows no signs of cooling, with market participants now positioning for another Fed rate cut on October 29 to fuel the next…
Breakdown of Household Equity and Mutual Fund Ownership by Wealth Percentile Call it the American Dream—or a widening divide. The top 1% own roughly half of America’s market wealth. The bottom half? Just 1%. The…
U.S. ETF Flows Cash is flooding into U.S. ETFs—over $1 trillion so far in 2025—a record-breaking surge running more than three times the usual seasonal pace as investors chase diversification and tactical flexibility. Image: Bloomberg
S&P 500 Intra-Year Declines vs. Calendar Year Returns Investors stomached average pullbacks of 14.1% a year, but in 34 of the last 45 years the S&P 500 still closed higher—a reminder that volatility is the…