Bitcoin vs. Gold Market Capitalization If the trend toward digital financial assets continues and Bitcoin adoption expands, Bitcoin’s upside potential compared to gold is substantial—fueled by its fixed supply, digital utility, and strong growth trajectory. Image: J.P. Morgan
Average Percentile of Sentiment Indicators The post-Liberation Day environment reflects a strong rebound in investor confidence and a more bullish market stance, underpinned by easing tariff fears, trade deal progress, and supportive economic and technical factors. Image: Goldman Sachs Global Investment Research
S&P 500 Returns After a Three Month Gain of >25% More good news for bulls: Historically, when the S&P 500 has risen more than 25% over three months, it has never been lower 3, 6, or 12 months later. In fact, one year after these rallies, it has averaged gains of over 21%. Image: Carson…
Financial Conditions Indices Looser U.S. financial conditions bode well for economic growth by fueling consumer spending and business investment—two vital engines driving the economy forward. Image: Goldman Sachs Global Investment Research
S&P 500 RSI With the S&P 500’s RSI running high, caution is warranted. Market participants should be ready for a potential pullback or a period of consolidation as the market digests overbought levels before pushing higher again. Image: J.P. Morgan
Commodities Ex-Gold vs. Gold When the commodities (ex-gold) to gold ratio falls to an extreme low and then turns upward, it has historically signaled the beginning of major cyclical bull markets in commodities. Image: Topdown Charts
S&P 500 Average Return After a Down Day The year 2025 stands out for the S&P 500, especially because of its resilience following daily declines. Since January, it has rebounded by an average of 0.32% the day after a drop, underscoring its strong ability to recover quickly. Image: Carson Investment Research
S&P 500 Returns During Earnings Seasons During earnings season, the S&P 500 usually rallies, delivering a median return of 2.0% in the first four weeks, fueled by positive earnings surprises that strengthen investor confidence. Image: Deutsche Bank Asset Allocation
S&P 500 and Number of Days Above 20-Day Moving Average While the S&P 500’s extended period above its 20-day moving average signals strong momentum, historical patterns and technical indicators point to a potential pullback or consolidation ahead. Image: SubuTrade
Distribution of Strategist Forecats for S&P 500 Year-End 2025 Index Level Goldman Sachs’ 6600 year-end target for the S&P 500 reflects a confident view on the market’s trajectory, driven by expected Fed easing and strong large-cap fundamentals, positioning it near the top of Wall Street forecasts for 2025. Image: Goldman Sachs Global Investment Research
Valuation – Magnificent Seven Forward P/E The Magnificent 7 stocks continue to trade at a premium compared to the rest of the S&P 500. However, this premium has narrowed in 2025. Image: Goldman Sachs Global Investment Research