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 S&P 500 was positive 100% of the time over the next year, with a median 35% gain. Image: Carson Investment…
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. stock market tends to increase in line with the physical size and expansion of the U.S. economy (R² = 0.76…
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. Image: International Monetary Fund
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% in the following months. Image: Bloomberg
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. Image: Goldman Sachs Global Investment Research
Dow Jones Industrial Average vs. Smart Money Flow Index The Smart Money Flow Index currently suggests that the most probable short-term direction for the U.S. stock market is upward. Image: Paulsen Perspectives
S&P 500 Valuations The composite S&P 500 valuation indicator—which integrates PE ratios, equity risk premia, and price-based mean reversion factors—has recently reset to a level close to neutral, which is an encouraging sign. Image: Topdown Charts
ISABELNET Cartoon of the Day When bulls sense a market boom, bears are quick to dismiss it, claiming there’s “nothing to see here.” Have a Great Day, Everyone! 😎