Category: Blog

S&P 500 Index Up 35% since April 8, the S&P 500 keeps defying gravity. Fueled by AI euphoria and faith in Fed cuts, the index is in one of the most explosive rallies ever seen and the bulls aren’t done charging yet. Image: Bloomberg

Year/Year EPS Growth – Magnificent 7 vs. S&P 493 EPS growth for the Magnificent 7 is expected to cool to 14% in Q3, down from 28%. Mega-cap tech names should continue posting robust earnings growth, but the outsized premium that’s defined the trade might lose some of its shine in 2026. Image: Goldman Sachs Global…

Economy-Wide Firm AI Adoption Rate While AI adoption among firms continues to expand, its growth is slowing as the market shifts from early rapid uptake to a more mature phase. Image: Goldman Sachs Global Investment Research

Cumulative Bull vs. Bear Markets Why do bear markets matter? Because most of the gains of an inflation-adjusted bull run can be erased when the next downturn hits. Image: Real Investment Advice

S&P 500 Bull Markets Eight years and 288% gains—that’s on average the bull market playbook over the past 50 years. As today’s bull market enters its third year, there’s reason to believe the party is far from over. Image: Carson Investment Research

Probability of U.S. Recession In the Next 1 Year Goldman Sachs sees a 30% chance of a U.S. recession within the next year—higher than the long-run norm, but still pointing to only moderate downside risks. Image: Goldman Sachs Global Investment Research

Contribution of Sector Groups to S&P 500 Earnings Growth MCG and Tech have all but carried the market lately, fueling nearly 90% of the S&P 500’s earnings growth. Wall Street’s climb is still a tech‑powered story, with breadth across other sectors stubbornly missing. Image: Deutsche Bank Asset Allocation

Large Cap Equity Positioning Markets overall are far from stretched, but in large-cap equities, positioning has climbed to the 82nd percentile, where momentum in big-name stocks is clearly picking up. Image: Deutsche Bank Asset Allocation

Hyperscaler Capex by Company Goldman Sachs sees U.S. hyperscalers pouring roughly $1.4 trillion into capital spending over the next three years, as the scramble to expand AI and cloud infrastructure shifts into overdrive. Image: Goldman Sachs Global Investment Research

Change in Consensus EPS Big Tech still runs the show—2026 earnings forecasts are racing higher for the giants, while the rest of the S&P 493 trail behind in their shadow. Image: Goldman Sachs Global Investment Research

S&P 500 Quarterly Earnings Growth Deutsche Bank sees S&P 500 earnings accelerating, forecasting growth to climb from 9.3% last quarter to 10.7% in Q3, boosted by supportive macro trends and strong company performances—well ahead of the more cautious consensus. Image: Deutsche Bank Asset Allocation