Magnificent Seven Stocks vs. S&P 500 – Cumulative Revenue Growth Since 2016 Since 2016, Mag 7 revenue has climbed 375%, versus 95% for the S&P 500. Earnings tell the same story. A flow-driven pullback can…
Consumer Sentiment Index and Subsequent 12-Month S&P 500 Returns When consumer confidence sinks, stocks often rebound anyway, turning lousy sentiment into fuel for gains. It’s a classic contrarian setup: the worse the mood, the better…
Fear & Greed Index – Investor Sentiment At 46 on the Fear & Greed Index, sentiment sits in neutral territory, leaving room for further upside. Image: Cable News Network
S&P 500 CAPE Ratio vs. U.S. Households Holding of Equities % Total Financial Assets When everyone is piled into equities and valuations are stretched, there isn’t much cushion left. History doesn’t say a crash has…
Valuations – 12-Month Forward P/E Ranges (MSCI Regions) U.S. and global equity valuations remain rich, but earnings are carrying the market for now. As long as profits hold up, that premium does not look like…
AAII Sentiment Survey Sentiment has improved, but U.S. retail investors are still cautious, leaving the bull-bear spread slightly below neutral and keeping room for further upside. Image: The Daily Chartbook
Capex to Operating Cash Flow for U.S. and China Hyperscalers U.S. hyperscalers are on track to spend more than their operating cash flow in 2027. The market is no longer asking whether they can pay for…
NAAIM Exposure Index – Investor Sentiment At 82.95, the NAAIM Exposure Index shows active managers remain heavily invested in U.S. stocks, without reaching euphoric levels. The National Association of Active Investment Managers Exposure Index represents the two-week…
S&P 500 Technical Composite A composite of technical breadth measures puts the S&P 500 in neutral territory, with upside still in play. Image: MarketDesk Research
Risk Appetite Indicator Level and Momentum Factors Goldman Sachs’ Risk Appetite Indicator increased again, keeping markets firmly in risk-on territory. Image: Goldman Sachs Global Investment Research
Net Credit Balance (Investor Cash Minus Margin Debt) Investor cash minus margin debt has fallen to negative $992 billion, the lowest on record and deeper than any prior cycle. It points to rising risk and…