Net Bullish Sentiment vs. S&P 500 Index Investor sentiment has rebounded sharply since April’s market turmoil, buoyed by trade-related optimism, but it has not reached the excessive bullishness that usually signals a market peak. Image: Real Investment Advice
S&P 500 Aggregate Earnings Beat A 5% earnings beat reflects the typical surprises seen in past quarters and suggests that actual reported earnings will modestly exceed consensus estimates, consistent with the historical pattern of positive earnings surprises. Image: Deutsche Bank Asset Allocation
S&P 500 Annual Price Returns The S&P 500’s performance in 2025 so far aligns with median historical gains seen during non-recessionary periods. The market outlook remains cautiously optimistic, driven by moderate earnings growth and supportive monetary policy. Image: Deutsche Bank Asset Allocation
S&P 500 Index and Technical Score With a reading of 89.17, the U.S. stock market is in overbought territory and is likely to face price consolidation or a pullback in the near future. Image: Real Investment Advice
S&P 500 Buybacks Despite ongoing uncertainty, S&P 500 companies are buying back shares at record levels in 2025, signaling robust confidence in their capital allocation and a focus on maximizing shareholder value rather than conserving cash. Image: Deutsche Bank Asset Allocation
S&P 500 EPS While Q2 2025 is expected to see a marked deceleration in S&P 500 EPS growth to 4% year-over-year, consensus forecasts call for a rebound and robust earnings expansion in the second half of 2025. Image: Goldman Sachs Global Investment Research
S&P 500 2025 Year-End Forecasts Wall Street’s S&P 500 year-end 2025 forecasts are more cautious, with unusually wide gaps between bullish and bearish views, highlighting ongoing uncertainty from shifting tariff policies and broader macroeconomic risks. Image: Yahoo Finance
S&P 500 Performance Based on Sector-Level Strength Long-term S&P 500 gains have historically followed periods of either broad market participation, where over eight sectors trade above their 200-day moving average, or extreme oversold conditions, with fewer than two sectors doing so. Image: Hi Mount Research
Market Breadth – Percent Below 52-Week High S&P 500 Index Less Median Stock The S&P 500’s 52-week market breadth has shown signs of deterioration. Is a rebound possible before year-end? Image: Goldman Sachs Global Investment Research
Change in S&P 500 Quarterly EPS Consensus Despite being larger than average, the recent -4% consensus EPS cut is not unprecedented and mirrors past adjustments during periods of heightened uncertainty such as tariff announcements or broader economic concerns. Image: Deutsche Bank Asset Allocation
S&P 500 Sector P/E Valuations Relative to History Valuation metrics indicate that most S&P 500 sectors are overvalued compared to historical standards. Image: Goldman Sachs Global Investment Research