U.S. Economic Growth vs. S&P 500 EPS Growth Economic growth is a driver of earnings growth, as it creates opportunities for businesses to expand their operations, increase sales, and generate higher profits. Image: Goldman Sachs Global Investment Research
Total Return Performance Since First Fed Hike in March 2022 There has been a significant concentration of equity market returns following the first Fed hike in March 2022. This concentration should be considered by investors when structuring their portfolios. Image: Goldman Sachs Global Investment Research
Valuation – Mega-Cap Tech Relative NTM P/E vs. Rest of S&P 500 The concentration of mega-cap tech stocks in the S&P 500 Index has raised concerns that the market is being pulled up by a handful of stocks. Image: Goldman Sachs Global Investment Research
Valuation – U.S. Equity Market Cap to GDP and U.S. Corporate Profits to GDP Is the U.S. stock market expensive? The U.S. equity market capitalization to GDP ratio hits a new all-time high. Image: Goldman Sachs Global Investment Research
Household Debt Outstanding as a Percentage of Annual GDP Household debt to GDP ratios decreased in the recent years. Image: Goldman Sachs Global Investment Research
Market Capitalization of FAAMG Stocks as % of S&P 500 This chart highlights the record concentration of market cap in FAAMG stocks. Image: Goldman Sachs Global Investment Research
Market Capitalization – Five Largest Companies as Share of S&P 500 Total This chart highlights the record concentration of market cap in the five largest stocks. Image: Goldman Sachs Global Investment Research
Market Capitalization of Largest Companies as Share of S&P 500 Total Chart showing the record level of concentration in the U.S. equity market. Image: Goldman Sachs Global Investment Research
Market Capitalization of the Largest 10 Companies as a % of the Index Market Capitalization This charts highlights the high concentration of market capitalization in the largest 10 companies. Image: Goldman Sachs Global Investment Research
Global Growth and U.S. vs. Emerging Markets Differential The U.S. has led in several periods of global growth acceleration since 2010. Image: Goldman Sachs Global Investment Research
History of Oil Prices Since 1861 This chart is a good illustration of oil price volatility over time. Image: Goldman Sachs Global Investment Research