U.S. High Yield Credit Spreads and Recessions U.S. high-yield credit spreads in April 2025 show little sign of recession fears, remaining well below levels observed during previous downturns. Image: Deutsche Bank
Net Bullish Sentiment vs. S&P 500 Index When investor sentiment reaches extremely negative levels—such as those currently observed—these conditions have historically tended to coincide with, or occur near, market bottoms. Image: Real Investment Advice
S&P 500 and NYSE >89% Advancers and >89% Advancing Volume in Nine Days A rare event—over 89% of NYSE stocks and volume advancing twice in nine days—has historically signaled strong bullish momentum. Since 1980, the…
Truck Tonnage vs. S&P 500 Index The Truck Tonnage Index decreased 1.5% in March. Trucks represent 72.7% of U.S. freight and serve as a barometer of the U.S. economy. This chart shows that the U.S.…
Equity Sector Flows Strong inflows continue to bolster the technology sector, reflecting sustained bullish sentiment among investors and supporting the sector’s resilience and growth. Image: J.P. Morgan Equity Derivatives Strategy
ISABELNET Cartoon of the Day Wall Street bears are convinced the bull market is crazy, but bulls are too busy wearing noise-canceling headphones to hear any warnings. Happy “Hump” Day, Everyone! 🐫🐪😎
U.S. Bitcoin ETF Flows U.S. Bitcoin ETFs have experienced strong inflows. Bitcoin has rebounded over 20% from its early April low, surpassing $90,000. During this period, Bitcoin has significantly outperformed U.S. equities. Image: Bloomberg
Global Economy – GDP Growth Projections The International Monetary Fund projects global economic growth of 2.8% in 2025 and 3.0% in 2026, reflecting a subdued outlook shaped by persistent trade tensions and high policy uncertainty.…
U.S. Core PCE Inflation Forecasts Goldman Sachs expects U.S. core PCE inflation to hit 3.5% in 2025, driven by tariff increases, with notable risks to growth and a higher likelihood of recession. Image: Goldman Sachs…
Bloomberg Dollar Spot Index The U.S. dollar’s recent weakness has pushed its RSI into oversold territory, suggesting a potential technical rebound. When the RSI reached similar levels in July 2023, the dollar rallied about 7%…
Future Capex Expectations Tracker After a brief surge following the election and inauguration, businesses’ future capex expectations have moderated and now sit slightly below the average levels seen from 2022 to 2024, reflecting heightened uncertainty.…