U.S. Stock Market Bull and Bear Indicator – S&P 500 Last Monday, our Stock Market Bull & Bear Indicator was not bullish at all, well before the opening bell. The S&P 500 followed through, ending the day down 0.51%. Using multiple financial data, this great model helps investors navigate through different market conditions. It suggests…
Investor Sentiment – U.S. Market Greed/Fear Index At 54.89, the Greed and Fear Index is neutral despite last week’s sharp sell-off. But short-term oversold conditions could set the stage for a relief bounce. Image: Real Investment Advice
S&P 500 Price Target for 2026 and 2027 Last week’s sharp sell-off hasn’t shaken Goldman Sachs’ S&P 500 outlook. The bank still sees the index at 8,000 by year-end and 8,700 over the next 12 months, with earnings growth, not multiple expansion, pushing the market higher. Image: Goldman Sachs Global Investment Research
Consolidated Equity Positioning Consolidated equity positioning is now underweight, plunging from the 44th to the 20th percentile. It’s one of the steepest weekly declines on record. Image: Deutsche Bank Asset Allocation
Forecast of Gold Prices Goldman Sachs has lowered its year-end gold forecast to $4,150 from $4,650 and its end-2027 target to $4,800 from $5,400, as a hawkish Fed and cooling speculative demand put the near-term outlook under pressure. Image: Goldman Sachs Global Investment Research
S&P 500 Weekly Announced Buybacks S&P 500 buyback announcements have rebounded sharply over the past three months. Corporate America’s appetite for repurchases remains strong, providing ongoing support for stocks. Image: Deutsche Bank Asset Allocation
U.S. Equity Index P/E Valuations vs. History The Nasdaq 100 now trades at 20 times forward earnings, right around its 20-year median. The S&P 500 trades at 18 times and the Russell 2000 at 21. Image: Goldman Sachs Global Investment Research
Performance – MCG & Tech Ratio to the Rest of the S&P 500 MCG & Tech relative performance slipped just below its long-run trend channel. It has rebounded sharply from around this level five times since 2024. The odds favor an overweight. Image: Deutsche Bank Asset Allocation
AAII Sentiment Survey U.S. retail investors are still playing defense. The AAII bull-bear spread has been negative for a fourth straight week, leaving sentiment, and potentially stocks, room to rebound. Image: The Daily Chartbook
Mega-Cap Growth and Large-Cap Tech Positioning Positioning in mega-cap growth and large-cap Tech has fallen to the 7th percentile, below Liberation Day levels. With investors this underexposed, it may not take much to spark a rebound. Image: Deutsche Bank Asset Allocation
Market Breadth – Percent Below 52-Week High S&P 500 Index Less Median Stock The S&P 500 52-week market breadth continues to improve. That’s a welcome sign for bulls, but the market still has to prove it can keep moving higher. Image: Goldman Sachs Global Investment Research