Cumulative Change in Real S&P 500 and Real Profits Earnings remain solid, especially in tech, but the widening gap between the real S&P 500 index and real corporate profit growth suggests investors may be chasing…

Market Capitalization – United States vs. Asia vs. Europe Wall Street has smoked global rivals on roaring earnings, fat margins, and deep capital. But, sky-high prices and overheated expectations could break its stride. Image: Goldman…

World Portfolio The world’s portfolio remains tilted toward the U.S.—in both stocks and bonds. Gold holds a modest 6%, while crypto barely cracks 1%. Image: Goldman Sachs Global Investment Research

Valuation – S&P 500 Median P/E Ratio The S&P 500’s median P/E ratio sits at 26.2—a level that leaves stocks looking pricey and raises the odds of thinner returns or a valuation pullback if history…

Fed Funds Rate and 10-Year U.S. Treasury Yield The S&P 500’s record-breaking rally shows no signs of cooling, with market participants now positioning for another Fed rate cut on October 29 to fuel the next…

Gold 6-Month Rolling Return Gold just clocked one of its largest 6-month rallies. ETF inflows are surging, physical demand refuses to cool, and the move looks more structural than speculative. Image: Goldman Sachs Global Investment…

Foreign Investor Ownership Share of U.S. Equity Market With foreign investors holding a record 18% of U.S. stocks, they are chasing the American dream, piling into U.S. equities on hopes that President Trump keeps the…

Largest Company in Terms of Market Value in the S&P 500 in Each Year Since 1955 The market’s biggest players usually cluster in the sector riding the economic zeitgeist—and right now, that’s tech. It’s where…

S&P 500 Index Additions by Year With an average turnover of about 4% a year, the S&P 500 is in constant motion—many of today’s constituents weren’t even in the index a decade ago. Image: Goldman…

U.S. Households’ Allocation to Equity, Bond and Cash Americans have never been so invested—literally—in the market, with household equity allocations at all-time highs, a boom shadowed by warnings of how sentiment can sour overnight. Image:…

S&P 500 – Duration Between 3%+ and 5%+ Selloffs The S&P 500 hasn’t stumbled more than 3% in half a year—a winning streak that’s beginning to smack of complacency, the kind that often sets the…