Fed Cuts – Implied by Fed Funds Futures Fewer Fed rate cuts are expected in 2025, but chances of greater easing in 2026 have risen. This reflects caution amid inflation and policy risks, and leaves…

Equities as a Share of Household Assets U.S. households now allocate about 49% of their assets to equities, a level that reflects strong market optimism and a significant appetite for risk. Image: Goldman Sachs Global…

U.S. Stocks Relative to Bonds U.S. stocks are at their strongest relative to bonds since Trump’s inauguration, supported by persistent risk appetite and the perception of U.S. market resilience amid global uncertainty. Image: Bloomberg

U.S. Net Margin Debt So far, U.S. margin debt as a share of market capitalization remains elevated, which reflects ongoing confidence in the market. Image: Goldman Sachs Global Investment Research

U.S. Households’ Allocation to Equity, Bond and Cash Americans’ love for stocks has driven household equity allocations to historic highs, increasing wealth but also sparking concerns about market stability and the risks of shifting investor…

WTI Oil Prices While oil prices remain highly sensitive to geopolitical risks, particularly in regions like the Middle East, the market has so far avoided the kind of sustained shock that would trigger broader inflation.…

YTD Cumulative Global Fund Flows into U.S. Equities Despite some volatility and brief periods of outflows, flows into U.S. equities in 2025 have been running above the 24-year average, with projections pointing to a record…

U.S. Inflation Expectations U.S. inflation expectations have declined over the past month, making consumers more optimistic than in April. However, sentiment is still weaker than six months ago, with uncertainty persisting due to ongoing tariff…

Breakdown of Household Equity and Mutual Fund Ownership by Wealth Percentile Stock ownership in the U.S. is increasingly concentrated—the wealthiest 1% currently holds 51% of total household equity assets. Image: Goldman Sachs Global Investment Research

S&P 500 Various Declines per Year Market fluctuations are normal in investing, so effectively understanding and managing volatility is crucial for investors aiming to achieve favorable returns in financial markets. Image: Carson Investment Research

Gold – Composition of Global Official Reserves Driven by record central bank purchases and a sharp rise in price, gold has surpassed the euro as the world’s second-largest reserve asset. Image: Financial Times