Performance – % of S&P 500 Stocks Outperforming the Benchmark by Year Market leadership has broadened in 2025. Whereas a handful of large tech companies dominated in 2023 and 2024, more than half of S&P…
S&P 500 Index The market’s ongoing volatility is a direct response to the unpredictable cycle of tariff announcements, pauses, and retaliations, with sentiment swinging between hope for de-escalation and fear of economic damage. Image: Deutsche…
Margin Debt and MoM Change The recent three-month, $90 billion decline in margin debt is not characteristic of what is typically observed at market tops, where margin debt tends to rise or peak amid speculative…
S&P 500 After 5% Gain In May Historically, when May delivers a gain of over 5%, June tends to see continued strength, and the following 12 months have always produced positive returns, averaging close to…
Median Annual S&P 500 Total Return Based on Nominal 10-Year U.S. Treasury Yield There is no consistently clear or stable relationship between bond yields and equity returns. Their correlation is dynamic and shaped by various…
Global Debt Hits a Fresh Record While the global debt-to-GDP ratio has slightly declined, the absolute debt burden remains a major risk, requiring careful fiscal management and international cooperation to avoid financial instability. Image: International…
Performance – S&P 500 vs. 30-Year US Treasury vs. Trade-Weighted U.S. Dollar The simultaneous decline of U.S. equities, bonds, and the dollar is rare—especially during periods of market stress— and signals a potential shift in…
Average S&P 500 Return in Session Following a Down Day In 2025, investors who bought the dip in the U.S. stock market experienced the highest next-day returns in over 30 years, with the S&P 500…
Money Market Fund Assets as a Percent of S&P 500 Market Capitalization Despite record levels of cash in money market funds, cash on the sidelines is not elevated relative to the S&P 500 market capitalization.…
After-Tax Nonfinancial Corporate Profits as Share of Gross Value Added While U.S. corporate profits fell in Q1 2025 due to higher costs and economic uncertainty, they remain historically high, reflecting both the strength and the…
Weekly Net Flow to U.S. Bitcoin and Gold ETFs Over the past five weeks, U.S.-listed Bitcoin ETFs have attracted more than $9 billion, while gold-backed ETFs have seen outflows of $2.8 billion. This trend highlights…