Deviation of Earnings Above-Below Long Term Growth Trend vs. Valuations Each time earnings detach from their long-term trend, markets tend to catch up the hard way. The widening gap now signals risk building where few…
S&P 500 – U.S. Stock Returns Over the Past 22 Presidents Nearly a year into Trump’s presidency, the S&P 500 has surged more than 16%, shaking off tariff headwinds. Bulls are smiling, betting on robust…
Sentiment – Risk Appetite and Expected U.S. Equity Market Performance With faith in the macro and policy outlook brightening, risk appetite is surging among U.S. equity fund managers, who are betting on improved market returns.…
Valuation – 12-Month Forward P/E Ranges (MSCI Regions) With growth holding up and earnings strong, investors could see more upside in 2026, but stretched valuations worldwide mean there’s less cushion if things go wrong. Image:…
Top-Down Estimates of Earnings per Share Growth (S&P 500, STOXX 600, TOPIX, MXAPJ) After years of rallies fueled by soaring multiples, especially in tech and AI sectors, 2026 could see fundamentals take the lead. Image:…
MSCI World EPS With faith in global growth firming, analysts are lifting MSCI AC World EPS forecasts for 2026, betting on stronger productivity from technology and AI. Image: Goldman Sachs Global Investment Research
S&P 500 Quarterly Net Profit Margin (ex. Financials & Utilities) Corporate America is minting profits like never before, and with margins set to stretch even further into 2026, the bullish narrative remains intact. Image: Goldman…
U.S. Financial Sector’s Profit vs. Labour Demand With so much of finance built on information processing, the sector may soon stand as the clearest example of how AI can lift earnings without lifting headcount. Image:…
Cash Allocation by Non-Bank Investors Globally “Cash is king” is starting to sound like a relic. Non-bank investors globally are holding less cash than at any time since at least 1999, leaving financial markets exposed…
Silver to Oil Ratio Silver’s rally has gone so far that an ounce can now buy a barrel of oil. It’s a rare moment that may not last if crude recovers or silver takes a…
S&P 500 Index and Technical Score At 81.01, the S&P 500 is in overbought territory. A short pause wouldn’t surprise anyone, but momentum still favors the bulls. Image: Real Investment Advice