Consolidated Equity Positioning Consolidated equity positioning has risen to the 61st percentile, edging into modest overweight territory but not yet stretched. The backdrop still leans in favor of risk. Image: Deutsche Bank Asset Allocation
Insider Transactions Ratio Insider activity remains balanced, keeping the Insider Transactions Ratio in neutral territory. For now, there is no indication of aggressive positioning from insiders. Image: Barron’s
Valuation – S&P 500 NTM P/E At 16 times forward earnings versus 21 for the benchmark, the equal-weight index is not exactly cheap, but it looks better value on a relative basis. Image: Goldman Sachs…
S&P 500 Intra-Year Declines vs. Calendar Year Returns On average, investors stomach drawdowns of around 14% a year, but the S&P 500 has still climbed in 35 of the past 46. That turbulence is part…
Number of S&P 500 Stocks Making New 52-Week Lows Above 20 The number of S&P 500 stocks hitting new 52-week lows is rising, rarely a healthy signal. In sustained bull markets, new lows tend to…
S&P 500 Quarterly EPS Deutsche Bank sees S&P 500 earnings pushing above the long-term trend, broadly echoing Street expectations. At the end of the day, stocks follow profits. And profits have a way of drowning…
Market Breadth – Percent Below 52-Week High S&P 500 Index Less Median Stock Record highs in the S&P 500 mask a sharp deterioration in breadth. For the bull market to extend, gains will need to…
Earnings Surprises of S&P 500 Companies Earnings season keeps reinforcing the same message: corporate profits aren’t cracking yet, with 61% of S&P 500 firms smashing Q1 estimates by at least a standard deviation, while just…
S&P 500 Index and Technical Score At 86.61, the S&P 500 looks overbought. Sentiment has flipped quickly off the March lows, driving a swift recovery. That leaves little room for disappointment. Taking profits and managing…
S&P 500 – Bull Markets That Made It To 100% At just 3.5 years old and already up more than 100%, the current bull market still looks like it has legs, leaving bears stuck watching…
ISM Manufacturing Index vs. S&P 500 Index U.S. factory activity extended its run in April, with the ISM Manufacturing Index rising to 52.7, marking a fourth straight month of expansion. The print points to steady…