Global Median 10-Year Yield Across All Sample Economies The median 10-year government bond yield has risen from the rock-bottom levels of the pre-Covid years and early pandemic, returning to its long-term historical average — a…
World Technology vs. World Ex. TMT Relentless innovation and society’s digital obsession have kept tech earnings racing ahead of global peers—and there’s little sign the momentum is fading. Image: Goldman Sachs Global Investment Research
Hyperscaler Capex by Company Goldman Sachs is turning more bullish on hyperscaler spending, hiking its CAPEX outlook after 3Q25 results showed a wave of AI‑ and cloud‑fueled infrastructure growth. Image: Goldman Sachs Global Investment Research
S&P 500 Index – Trend Channel After a long, uninterrupted climb since 2009, the S&P 500’s secular bull market looks mature, with the long-term trend channel suggesting growing risks beneath the surface momentum. Image: Ned…
Earnings Surprises of S&P 500 Companies Earnings season has made one thing clear — corporate profit strength isn’t fading yet, with 64% of S&P 500 firms smashing Q3 estimates by at least a standard deviation,…
S&P 500 Returns After the 10 Strongest May-October Returns The S&P 500 hasn’t seen a May–October surge like this since 1950! History says momentum like this rarely fades—nine out of ten times, the rally kept…
Various S&P 500 Index 6-Month Returns Wall Street’s sweet spot runs from November to April — the market’s “best six months” — when holiday spending, year-end bonuses, and tax considerations give stocks their seasonal lift.…
S&P 500 Returns After >15% YTD End of October Big years tend to end bigger. When the S&P 500 is already up more than 15% by October’s close, November and December combined have extended the…
Smoothed U.S. Recession Probabilities The probability of U.S. recession stands at 0.96%. When this recession indicator exceeds 5% (red line), history suggests that the probability of recession increases significantly. The chart shows the smoothed U.S.…
Global Monetary Policy Stimulus and Global Manufacturing PMI The strongest macro theme for 2026 appears to be global growth reacceleration fueled by the massive easing of monetary policy in the prior two years, setting the…
S&P 500 Returns After Fed Cuts At All-Time Highs Bulls are smiling for good reason: Every time since 1983, rate cuts with the S&P 500 at record highs have been a winning formula — stocks…