Equity Net Long Positioning – Leveraged Funds and Asset Managers Net Future Positions Leveraged funds and asset managers aren’t back to their peak long bets in U.S. stock futures, and with growth resilient, easier policy,…
S&P 500 Index Returns and Santa Claus Rally Santa Claus skipped Wall Street this year, and for the bulls, that’s often a warning the new year may bring choppier trading. Will this time be any…
Median S&P 500 Stock Short Interest as % of Market Capitalization Short interest for the median S&P 500 stock remains elevated, climbing to 2.7%. The rise, though, appears driven more by hedging activity than by…
Bitcoin Price and Moving Averages Bitcoin’s recovery above its 50-day moving average after sharp drops like the one in early October 2025 typically signals the start of a potential reversal or at least a move…
S&P 500 Drawdown to Subsequent Three-Year Trough When U.S. equity valuations soar and just a handful of giants drive the gains, history rarely smiles and often follows with sharp corrections or years of going nowhere.…
Cash to Total Assets S&P 500 and S&P 500 Ex-Financials The corporate cash cushion is thinning. S&P 500 firms have slashed their reserves from pandemic peaks, redirecting capital toward AI infrastructure, growth projects, and buybacks…
Share of S&P 500 Annual Return Contributed by the 10 Largest Stocks In 2025, just 10 stocks generated more than half of the S&P 500’s gains, a reminder that the market’s engine is running on…
S&P 500 Gains Between 8-10% Are Quite Rare Going back to 1950, the S&P 500 has rarely delivered average returns in any given year. Will 2026 keep the winning streak alive with another year of…
U.S. Stock Market Concentration The U.S. stock market is as concentrated as it has been in decades, but history is full of similar moments, from the railroad boom of 1900 to the dominance of mega-caps…
Performance – S&P 500 vs. Chinese Stocks (iShares China Large-Cap ETF) Since early 2024, Chinese stocks have shown significant outperformance relative to US stocks, amid policy support, tech advancements, and attractive valuations. Image: Gavekal, Macrobond
Average Global Policy Rate Global central banks moved decisively into rate‑cutting mode through 2025, with analysts expecting further, though more measured, easing in 2026, particularly in the United States. Image: Goldman Sachs Global Investment Research