U.S. Dollar Index (DXY) and Purchasing Power Parity Valuation The U.S. dollar remains richly valued on key metrics, leaving it exposed to further downside despite recent softness. Image: TS Lombard
Tax Refunds and U.S. Equity Fund Flows U.S. equity fund inflows tend to pick up sharply during tax refund season. History suggests the next few weeks could see another wave of cash hitting the market.…
LME Copper Copper surged on shrinking supply and a weaker dollar, with investors wagering that demand from factories, clean energy, and AI will stay strong despite limited mine output. Image: Bloomberg
CAPE Valuations and 10 Year Annualized Real Return With the CAPE10 ratio hovering near rarely seen highs, the market is sending a warning signal. Past cycles point to negative real returns ahead. In other words,…
S&P 500 Index Daily Returns For nearly a century, no day has given the S&P 500 more trouble than Monday, the market’s perennial weak spot. Even the markets get the Monday blues! Image: Carson Investment…
World Technology Earnings Driven by innovation and a digital‑first economy, tech earnings continue to outpace global peers, with momentum still running strong. Digital transformation remains a powerful growth engine. Image: Goldman Sachs Global Investment Research
MSCI Emerging Markets Index Emerging markets are back in play, lifted by a softer U.S. dollar, easing global rates, and fresh reforms from Beijing to New Delhi. The rally’s staying power, though, hinges on how…
U.S. Consumer Confidence in Higher Stock Prices vs. S&P 500 Trailing Valuations Confidence in future stock gains is fueling higher valuations, with investors paying up for growth they believe will last. But that conviction could…
S&P 500 Index Returns vs. Drawdowns in Midterm Election Years Midterm years often test Wall Street’s nerve. Since 1930, the S&P 500 has typically fallen around 20% on average at some point, but those pullbacks…
Valuations Across EM Markets The valuation gap in emerging markets is striking: India trades at a premium, whereas China’s pricing feels more in line with its history. Image: Goldman Sachs Global Investment Research
Macro Valuation Measure (S&P 500) U.S. stocks look rich compared with what today’s macro backdrop would normally justify. In previous cycles, such lofty valuations at these levels have often paved the way for years of…