Median Stock Short Interest as % of Market Capitalization – Russell 2000 vs. Nasdaq 100 vs. S&P 500 Short sellers are crowding into U.S. small‑caps, where weaker balance sheets, higher borrowing costs, and exposure to slower growth make easy targets. Image: Goldman Sachs Global Investment Research
S&P 500 Index Single Day Average Returns November 24 has a habit of lifting Wall Street’s spirits. It’s historically the S&P 500’s third-best session, averaging a 0.47% gain, trailing only October 28 and December 26. Image: Carson Investment Research
Sectors Positioning (High Frequency) Positioning in mega-cap growth and tech names has eased but stays lofty compared with other sectors. Valuation worries are prompting some trimming, but the broader growth narrative is far from broken. Image: Deutsche Bank Asset Allocation
Median S&P 500 Stock Short Interest as % of Market Capitalization Short interest for the median S&P 500 stock remains high, rising to 2.4%. However, the move is currently being driven more by investors using shorts as a hedge rather than out of outright fear or speculative panic. Image: Goldman Sachs Global Investment Research
Fed Funds Rate – Target Probabilities at the Fed’s FOMC Meeting Traders are showing renewed optimism for a Fed rate cut at the December 10, 2025 FOMC meeting, pricing in a 71% chance of a 25-basis-point move lower. Image: CME Group
Valuation – Real S&P 500 Index with Recessions and S&P 500 Shiller CAPE Ratio Markets move in full cycles, swinging from long bull runs to deep bear phases. These patterns have played out time and again through history and remain essential to grasp for anyone focused on long-term investing. Image: Real Investment Advice
S&P 500 Annual Highs Per Month It’s still a bull market to love, even as the bears grow louder. History rarely sees the S&P 500 peak in October, and with new highs within reach, U.S. stocks may still have more room to run. Image: Carson Investment Research
Equities – 10-Year Forward Annualized Total Returns in Local Currency Rich valuations aren’t stopping Goldman Sachs from backing global equities, with Emerging Markets and Asia seen leading performance over the next 10 years. Image: Goldman Sachs Global Investment Research
Volatility – U.S. Options Expiration $3.1 trillion in options notional value is set to expire today, the largest November expiration on record and potentially injecting fresh volatility into markets. Image: Goldman Sachs Global Investment Research
Temporary Help Services Jobs vs. Real GDP and U.S. Recessions Temporary Help Services Jobs stand at -3.03% YoY in September. The relationship between Temporary Help Services jobs and the macroeconomy is complex. Declines in Temporary Help Services Jobs are often considered a leading indicator of a potential recession (red line at -3.5%), but they do…
Mentions of AI During Earnings Calls AI is taking center stage in corporate America, with an increasing number of S&P 500 companies spotlighting it in their earnings calls, and the momentum shows no signs of slowing. Image: Goldman Sachs Global Investment Research