Investor Sentiment – U.S. Market Greed/Fear Index At 54.87, the Greed and Fear Index remains in neutral territory. Panic and euphoria are both in short supply, but a strong earnings season could give investors reason…

S&P 500 Price Target for 2026 and 2027 Goldman Sachs is sticking with its S&P 500 targets of 8,000 by year-end and 8,700 over the next 12 months. It expects earnings growth, not multiple expansion,…

Consolidated Equity Positioning Consolidated equity positioning slipped to the 51st percentile but remains modestly overweight. With the trade still far from crowded, investors have room to add risk. Image: Deutsche Bank Asset Allocation

Insider Transactions Ratio Corporate insiders are turning more cautious: the Insider Transactions Ratio has slipped back into bearish territory as buying interest dries up. Image: Barron’s

S&P 500 – Margin Debt Expansion vs. Contraction Margin debt continues to roll over after climbing into the danger zone. That’s not the kind of turn bulls want to see, especially as risks across the…

CTAs Exposure to Equities CTA positioning is still elevated across most major indexes. The S&P 500 is at the 89th percentile and the Nasdaq-100 at the 76th percentile, and the Russell 2000 at the 35th…

U.S. Equity Index P/E Valuations vs. History U.S. stocks aren’t cheap, but investors are still buying. The Nasdaq 100 trades at 23 times forward earnings, compared with 22 times for the Russell 2000 and 19…

U.S. Presidential Disapproval Rating With the midterm elections approaching, the president’s disapproval rating has climbed above 60%, a historically high level that leaves Republicans facing a serious political headwind. Image: BCA Research

AAII Sentiment Survey U.S. retail investors are still playing defense. The S&P 500 is near record highs, but the AAII bull-bear spread has slipped back into negative territory. That’s a divergence contrarian investors tend to…

Consensus Capex Growth Estimates for AI Hyperscalers Initial consensus forecasts have consistently underestimated AI hyperscalers’ capex growth in recent years. Image: Goldman Sachs Global Investment Research

S&P 500 Earnings vs. Their Long-Term Trend Consensus earnings estimates for the S&P 500 are now roughly 50% above their long-term growth trend. That alone doesn’t signal a market top, but it’s a familiar late-cycle…