Gold Price vs. Other Assets
Gold Price vs. Other Assets You have to go all the way back to 1980 to find a time when gold looked this pricey against other assets. The question now is whether the metal cools…
Inflation – U.S. ISM Services Prices vs. Super Core PCE
Inflation – U.S. ISM Services Prices vs. Super Core PCE History shows the U.S. ISM Services Prices Index tends to lead super core inflation by five months, which means sticky prices aren’t going anywhere soon.…
Market Breadth – Percent Below 52-Week High S&P 500 Index Less Median Stock
Market Breadth – Percent Below 52-Week High S&P 500 Index Less Median Stock Market breadth across the S&P 500 has turned higher again, showing signs of momentum. With more stocks joining the move, the rally…
S&P 500 Returns in January
S&P 500 Returns in January The S&P 500 is up 1% so far this month. January has finished higher three years in a row. Could this be the fourth? Since 1950, when January finishes in…
Valuation – Mega-Cap Tech PEG Ratio
Valuation – Mega-Cap Tech PEG Ratio Despite relying on forward growth estimates that often move, the Mega-Cap Tech PEG ratio (P/E to CY3 EPS growth) has fallen sharply, echoing the lows of 2022. Image: Goldman…
YTD Returns of Select Equity Indices
YTD Returns of Select Equity Indices Wall Street has lost some spark. The KOSPI, fired up by semiconductor leaders, has surged 15% this year, dwarfing the S&P 500’s and Nasdaq 100’s modest 1% gains. Image:…
Consensus EPS Growth Estimates
Consensus EPS Growth Estimates Wall Street is riding a wave of optimism as analysts project S&P 500 earnings to climb 15% in both 2026 and 2027. But the real action may be in small caps,…
Markets – Cumulative S&P 500 Growth vs. Cumulative Real GDP Growth vs. Cumulative S&P Sales Growth
Markets – Cumulative S&P 500 Growth vs. Cumulative Real GDP Growth vs. Cumulative S&P Sales Growth Fueled by years of Fed stimulus, investors have been conditioned to buy every dip, sending U.S. markets into orbit…
Gold Price Forecast
Gold Price Forecast Goldman Sachs is turning more bullish on bullion, lifting its December 2026 forecast to $5,400 an ounce from $4,900, as private-sector diversification into gold starts to gain traction. Image: Goldman Sachs Global…
S&P 500 Weekly Announced Buybacks
S&P 500 Weekly Announced Buybacks S&P 500 buyback announcements have cooled in recent months, but most analysts call it a pause after record highs. High rates and rising capex are weighing on activity, but resilient…
Net Weekly Global Flows: Equity vs. Money Markets
Net Weekly Global Flows: Equity vs. Money Markets Strong equity inflows and shrinking money market assets show investors are pulling cash out of safe havens and putting it back to work in stocks, giving new…