Bitcoin Price Bitcoin is approaching $100,000, marking a strong recovery after its February 2025 peak. The rally is driven by robust inflows into spot Bitcoin ETFs, renewed risk appetite among investors, and positive sentiment in global markets. Image: Bloomberg
S&P 500 – Magnificent 7/Other 493 and 200-Day Moving Average The frenzy surrounding the Magnificent Seven tech stocks has faded in 2025, but these firms remain key players and are broadly keeping pace with the market, despite recent turbulence. Image: Bloomberg
S&P 500 Index vs. 200 and 40-Week Moving Averages Despite recent volatility driven by trade concerns, as long as the S&P 500 index is trading above the 200-week moving average, the secular bull market remains intact. Image: Real Investment Advice
Seasonality – S&P 500 Index Average Monthly Returns Bulls have reason for optimism: historically, May is the fourth-best month for U.S. stocks in post-election years, with an average gain of about 1.6%. This suggests there could be further upside ahead. Image: Carson Investment Research
U.S. Heavy Truck Sales and Recessions U.S. heavy truck sales rose in March to 450K (annualized). Before recessions, heavy trucks sales tend to peak and then decline, providing insights into the overall health of the U.S. economy as a leading economic indicator. Click the Image to Enlarge
Valuation – S&P 500 12-Month Forward P/E Ratio The S&P 500’s forward P/E ratio of 20x places it above historical averages, reinforcing the view that current valuations are not historically cheap. Image: The Daily Shot
ISABELNET Cartoon of the Day The S&P 500’s 7.8% drop in Trump’s first 100 days has bulls asking if this market comes with a money-back guarantee. Meanwhile, bears are finally coming out of hibernation-and they look hungry! Have a Great Day, Everyone! 😎
U.S. Unemployment Rate Could the U.S. consumer—remarkably resilient thus far—face potential cracks from escalating trade tensions, immigration policy shifts, and fiscal adjustments? Image: Deutsche Bank
Total Returns for a Selection of Major Global Financial Assets since the U.S. Election Since Inauguration Day, U.S. stocks have significantly underperformed major global financial assets, largely due to trade tensions, policy uncertainty, and a notable shift in investor sentiment toward international markets. Image: Deutsche Bank
Smoothed U.S. Recession Probabilities The probability of U.S. recession stands at 0.84%. When this recession indicator exceeds 5% (red line), history suggests that the probability of recession increases significantly. The chart shows the smoothed U.S. recession probabilities indicator on a log scale. Smoothed U.S. recession probabilities are obtained from a dynamic-factor markov-switching model applied to…
Number of U.S. IPOs Despite ongoing uncertainties, could the U.S. IPO market experience growth and recovery in 2025? Image: Goldman Sachs Global Investment Research