Share of S&P 500 by Weight Eligible to Repurchase Stock As S&P 500 companies emerge from earnings-related blackout periods, buyback activity is expected to resume by mid-August. That could offer some support to equities, but…
Average Cumulative S&P 500 Total Returns – Invest on Any Day vs. Invest at a New High Record highs make many investors nervous. But history shows that buying into strength has often delivered better forward…
Ratio of Bitcoin to Production Cost Bitcoin is trading at a steep discount to JPMorgan’s estimated $76,000 production cost, but the bank continues to see a bullish long-term path for the cryptocurrency. Image: J.P. Morgan…
Consensus EPS Growth Estimates The biggest earnings growth may come from small caps. Their profits are projected to jump 37% this year and 45% in 2027, while S&P 500 earnings are expected to rise 32%…
Equity Market Concentration – Market Capitalization of 10 Largest Companies as Share of S&P 500 Total Concentration has turned the S&P 500 into a top-heavy index. The biggest 10 stocks now account for 40% of…
Earnings Sentiment – S&P 500, STOXX 600, Topix, MSCI EM Strong U.S. earnings expectations and resilient corporate profits are keeping recession fears at bay and bolstering market optimism.. Image: Goldman Sachs Global Investment Research
New York Fed GDP Nowcast The New York Fed nudged its Q3 2026 U.S. GDP nowcast down to 2.24% from 2.52% a week earlier, a modest downgrade that leaves the broader growth story intact. Image:…
S&P 500 Median Company EPS Growth Earnings growth at the median S&P 500 company is running at 14%, its strongest pace in four years, helped by AI demand and more confident CEO guidance. Image: Deutsche…
U.S. Dollar Net Positioning Speculators are heavily long the dollar, which is a classic contrarian red flag. History shows crowded USD longs often precede pullbacks. Image: J.P. Morgan
U.S.-Listed ETFs: Annual Flows Investors are piling into US-listed ETFs at a record pace. Inflows have reached nearly $1.3 trillion by the end of July, putting the year on track to break the $2 trillion…
S&P 500 Annual Total Return, Conditioned on Reported EPS Direction Earnings up? The S&P 500 only rallied 79% of those years. Earnings down? It still climbed 66% of the time. That’s because markets trade on…