Global Crude Oil Export Global crude exports have tumbled as conflict flares across the Middle East, rattling supply routes. Analysts see several weeks of disruption but some relief ahead if tensions cool. Image: J.P. Morgan…

Markets – Cumulative S&P 500 Growth vs. Cumulative Real GDP Growth vs. Cumulative S&P Sales Growth Years of Fed stimulus have taught investors to buy every dip, pushing U.S. markets skyward and away from the…

S&P 500 Four-Year Cycle for 2026 The recent choppy trade fits the script of the four-year presidential cycle’s midterm-year rhythm. From March to April, the S&P 500 often rallies toward its yearly peak before sentiment…

Global Value vs. Growth This year, investors have shifted from expensive tech into value plays. But lower rates could revive growth stocks as cheaper money boosts the appeal of future profits. Image: Goldman Sachs Global…

Global Equity Forward Earnings Global earnings growth exceeding 15% is rare outside of post-recession recoveries or major economic booms. Right now, the backdrop for businesses is unusually strong. Image: Deutsche Bank Research

Weight of Top 10 Holdings in Each Country’s ETF The dominance of the top 10 U.S. stocks has raised alarms about market concentration, but a look across other major economies shows the U.S. isn’t as…

Global Market Implied Equity Risk Premiums With equity risk premiums low in the U.S. and Japan, investors earn little extra for taking on stock risk over safer bonds, leaving equities a tougher call and prone…

Peak to Trough in the S&P 500 Around Spikes in the Geopolitical Risk Index Most geopolitical shocks haven’t caused lasting market impacts. Oil tends to surge when tensions rise in the Middle East, gold gets…

U.S. vs. Rest of World – 12-Month Forward Earnings Per Share U.S. corporate earnings have led the pack in recent years, but overseas profits are finally closing the gap. That momentum shift could mark an…

Valuations – S&P 500 P/E vs. U.S. ISM Manufacturing Prices Paid (Leading Indicator) When manufacturing costs climb, equities usually feel it later. Higher input prices work their way into the S&P 500’s P/E ratio with…

U.S. Yield Curves The yield curve’s normalization following its 2022 inversion eased recession worries for now, but historical patterns still suggest caution post-uninversion. Image: Real Investment Advice