Equity Sector Flows Money continues to pour into industrials, energy and materials, underscoring the ongoing tilt toward cyclical plays. Image: J.P. Morgan Equity Derivatives Strategy

S&P 500 Index Returns Past 10 Years (May – October) May-October is often seen as the weaker stretch for the S&P 500, but the track record tells a different story. Over the past decade, the…

Different Market Sentiment Indicators Market sentiment has climbed back to pre-war levels, with risk appetite improving, volatility easing, and flows shifting decisively into riskier assets. The mood is improving, but not yet euphoric. Image: Goldman…

Mega-Cap Growth & Tech Positioning Positioning in mega-cap growth and tech sits at just the 32nd percentile, still underweight and nowhere near crowded, which keeps upside potential intact. Image: Deutsche Bank Asset Allocation

Indexed Returns of AI-Related Portfolios vs. Equal-Weight S&P 500 The AI rally is still being driven by infrastructure winners, with chip giants, data center builders and cloud platforms cashing in while software and productivity names…

S&P 500 Performance Since Start of the Year AI is no longer just a buzzword lifting mega-cap names, it is actively driving earnings growth and boosting productivity across corporate America. Since the start of the…

U.S. Tech Sector Share Buyback Announcements There’s no sign of a pause in U.S. tech buybacks, as strong earnings keep the pipeline active. That’s a tailwind for shareholders, and as long as profits hold up,…

S&P 500 Forward Earnings Estimates The 2026 earnings outlook is gaining momentum, with consensus full-year growth at 18% and the S&P 500 bottom-up target climbing to around 7,350. Image: Real Investment Advice

Probability of S&P 500 Drawdown / Rally The rally has made U.S. equities a tougher trade. Upside now looks constrained, while the risk of a pullback is growing amid stretched valuations and a weakening macro…

S&P 500 Index Performance in Year +1 After Three Consecutive >=+20% Gains Following a powerful two-year run, the S&P 500 could bottom in the fall as markets test the new Fed chair, before pushing toward…

U.S. Equity Valuation Metrics (Z-Score Since 1900) After the recent surge, U.S. stocks are firmly out of bargain territory. Most valuation gauges are stretched, sitting more than two standard deviations above historical norms. “Cheap” is…