Investor Sentiment – U.S. Market Greed/Fear Index At 80.48 on the Greed and Fear Index, markets are running hot. Some consolidation before Christmas wouldn’t shock anyone. Image: Real Investment Advice
Seasonality – S&P 500 Index Returns in December As the holidays approach, buyers usually return and the year-end rally tends to pick up speed in the second half of December. Historically, U.S. stocks have climbed…
Consolidated Equity Positioning Consolidated equity positioning sits modestly overweight at the 62nd percentile, constructive but far from crowded and leaving room for further upside. Image: Deutsche Bank Asset Allocation
Sentiment Indicator and Stock Positioning Goldman Sachs’ U.S. Equity Sentiment Indicator is sitting at a cool 0.4 in neutral territory, a level that has historically been the sweet spot before the S&P 500 pushes higher…
U.S. Dollar Positioning Bearish bets on the U.S. dollar are crowded, and past extremes in positioning have often been the prelude to a rebound. Image: TS Lombard
U.S. Equity Index P/E Valuations vs. History With the S&P 500 at 23 times forward earnings and the Nasdaq 100 at 28, investors haven’t lost faith in another earnings boost from tech and AI giants.…
Discretionary vs. Systematic Equity Positioning Systematic strategies at the 78th percentile still have room to run, while discretionary investors, sitting at the 49th percentile, are staying on the sidelines, keeping the door open for more…
Mega-Cap Growth & Tech Positioning With positioning at the 78th percentile, appetite for mega-cap growth and tech stays strong, but not overstretched. Image: Deutsche Bank Asset Allocation
Index Performance – S&P 500, Nasdaq 100, Russell 2000, Mag 7 The broad market is quietly rotating: the S&P 500 is just below its October highs, but small caps and the average stock are outperforming,…
S&P 500 Trend Channel Valuations may look stretched, but the S&P 500 has held a steady 22.7% annualized uptrend since October 2022 and now sits near the bottom of that trend channel. Image: Deutsche Bank…
S&P 500 Valuation Multiples With valuations lofty and expectations running high, U.S. stocks look exposed if earnings or the economy disappoint. Image: Real Investment Advice