Earnings Sentiment

Earnings Sentiment Chart showing unusually low levels of earnings sentiment. Image: Goldman Sachs Global Investment Research

S&P 500 and NYSE Down Volume Ratio

S&P 500 and NYSE Down Volume Ratio Four of the past nine days have seen NYSE down volume ratio above 88%. Historically, the S&P 500 rallied every time over the next year, with a median…

Buybacks – S&P 500 Annual Share Repurchases

Buybacks – S&P 500 Annual Share Repurchases Goldman Sachs expects stock buybacks among S&P 500 companies to drop 5% to $675 billion this year. Image: Goldman Sachs Global Investment Research

S&P 500 Decline and P/E Change in Recessions

S&P 500 Decline and P/E Change in Recessions Historically, following a recession, the S&P 500 fall by a median of 22% from peak to trough and S&P multiples contract by a median of 21%. Image:…

U.S. 30-Year Bond Total Return by Year

U.S. 30-Year Bond Total Return by Year U.S. long-bond yield hits all-time low, with the world in crisis mode. Image: Arbor Research & Trading LLC

Annual S&P 500 EPS Growth and S&P 500 Forward P/E

Annual S&P 500 EPS Growth and S&P 500 Forward P/E Goldman’s baseline scenario suggests S&P 500 EPS growth of 0% in 2020 and forward P/E multiple equals 19.4x at year-end 2020. Image: Goldman Sachs Global…

S&P 500 – 9/11 Analog to Coronavirus

S&P 500 – 9/11 Analog to Coronavirus The chart shows the S&P 500 index in 2001 indexed to the S&P 500 today. In 2001, the stock market bounced back strongly. Image: Fidelity Investments

High Yield Spread to Worst

High Yield Spread to Worst Is the panic over for high-yield bond investors, as global coronavirus fears intensify? Image: J.P. Morgan