Valuation – S&P 500 P/E Ratio and Fed Chair Warnings on Stock Valuations Despite Powell acknowledging that U.S. equity prices look stretched, history suggests valuations alone rarely halt a rally—at least not in the short…
S&P 500 and Relative Strength Index (RSI) Right now, the 14-week RSI is nearing 70. When it previously climbed above 80, the S&P 500 saw an average 27% decline with an RSI lead time of…
Probability of S&P 500 Drawdown / Rally After a powerful rally, the S&P 500 looks stretched, and the odds of a near-term pullback—or at best, a sideways pause—are building. Image: Goldman Sachs Global Investment Research
Annual Average IPO Return During First Trading Day The average U.S. IPO in 2025 has popped 30% on debut, with 72% of the 46 listings this year finishing their first session in the green—a sign…
S&P 500 Performance Around Growth Score Peak U.S. equities tend to perform well on average following growth score peaks, particularly if there is no recession and policy easing occurs. In that backdrop, valuations can be…
S&P 500 Valuation Despite lofty valuations, the fuel behind U.S. stock market performance this year has been earnings growth, not multiple expansion. Image: Goldman Sachs Global Investment Research
S&P 500 Returns When New Highs Are Made In September For the bulls, September’s new highs are more than just cosmetic. Since 1950, a new high in September has been followed by a fourth-quarter rally…
Buybacks – S&P 500 Companies in Blackout Period S&P 500 companies are heading into their blackout window ahead of earnings season, a period when buyback activity tends to fade—though not completely disappear—for the next few…
Survey – 10-Year U.S. Treasury Yields While expectations tilt toward falling 10-year U.S. Treasury yields, plenty of voices argue for a rise, citing everything from sticky inflation to uncertain rate cuts and uneven economic growth.…
Equities – Global Valuation Range U.S. stocks remain priced at a hefty premium, while valuations outside the U.S. are closer to historical norms. That leaves global markets offering stronger relative value, even if they’re not…
S&P 500 Compared to Its 200-Day Moving Average With the S&P 500 sitting 10% above its 200-day moving average, the market looks firmly bullish, suggesting more upside potential until a local peak around 13–15% above…