S&P 500 vs. Liquidity Index A slowdown in liquidity growth—particularly if combined with soft economic data—poses a short-term risk to the U.S. equity market, increasing volatility and the likelihood of price declines. Image: TS Lombard
Magnificent Seven Earnings Growth Expectations and Delivered The Mag 7 companies are currently the dominant force behind S&P 500 earnings growth, with an expected 14% year-over-year growth in Q2 2025, far exceeding the remainder of…
Average Relative Performance of S&P 500 Additions Stocks added to the S&P 500 index typically experience their strongest outperformance before the official announcement, as market participants anticipate and position for the change. Image: Goldman Sachs…
M2 Money Supply Growth U.S. money supply growth has robustly returned to near its long-term trend. In contrast, the euro area has experienced a slight slowdown in money supply growth recently, although growth rates remain…
Gold Seasonality Gold benefits from strong seasonal and technical momentum, supported by central bank demand, inflation concerns, and geopolitical risks, positioning it for a likely significant price breakout in the coming months. Image: Renaissance Macro…
Two-Year Rolling Change in the Fed Funds Rate Current rate cut expectations, as priced in by fed funds futures, are consistent with a recession scenario. However, market risk indicators and recent Fed communications suggest this…
S&P 500/MSCI World and U.S. Dollar Trade-Weighted Index The renewed relative strength and attractiveness of U.S. assets amid global uncertainty and monetary policy differentials have played a central role in driving the U.S. dollar’s recent…
S&P 500 Performance After 60 Days Above the 20-Day Moving Average The S&P 500, after closing above its 20-day moving average for 60 straight days, has historically maintained its upward momentum, with median 12-month gains…
S&P 500 Equity Risk Premium and Yield Gap With the S&P 500 equity risk premium at historically low levels, the current investment landscape presents significant challenges for equity investors. Image: Goldman Sachs Global Investment Research
Consensus Earnings Expectations Analysts are projecting S&P 500 earnings growth of 9.3% in 2025 and 14.0% in 2026. These consensus forecasts reflect a robust expected acceleration in profit growth, particularly moving from 2025 into 2026.…
S&P 500 Foreign Revenues by Sector S&P 500 companies derive 28% of their total revenues from foreign markets — a figure that has remained relatively stable in recent years. The remaining 72% is generated domestically…