Average Equity Fund Flow by Calendar Month Over the Past Decade Excluding U.S. Election Years History says year-end momentum has legs: outside U.S. election years, equity flows spike in December and stay strong through Q1—adding weight to the case for retail strength through early 2026. Image: J.P. Morgan Flows and Liquidity
Equity Market and Share of the Biggest Sector in the U.S. History keeps repeating on Wall Street — when diversification fades, sector dominance rises. But it never lasts. Sooner or later, shifts in the economy, technology, or geopolitics bring the rotation full circle. Image: Goldman Sachs Global Investment Research
Equity Performance – MSCI China vs. MSCI U.S. Beijing’s early-2024 intervention lit a rocket under Chinese equities, leaving Wall Street in the dust. Fueled by stimulus and growing investor conviction, the rally could stretch further if geopolitical tensions cool. Image: Gavekal, Macrobond
Equity Allocation as % of Household Financial Assets Equities dominate household portfolios in the U.S., Australia, and Sweden, but caution still rules in Europe and Japan, where cash and liquid assets remain king. Image: Goldman Sachs Global Investment Research
Cumulative Equity Sector Fund Flows Equity funds have continued to attract solid inflows in 2025, driven by strong demand for U.S. and Chinese markets. The buying has been selective, with money gravitating toward Technology, Financials, Materials, and Industrials. Image: Deutsche Bank Asset Allocation
Weekly Change in Equity Positioning Equity positioning saw its sharpest weekly pullback since “Liberation Day” in April—a dip many traders were quick to buy. Image: Deutsche Bank Asset Allocation
Breakdown of Household Equity and Mutual Fund Ownership by Wealth Percentile Call it the American Dream—or a widening divide. The top 1% own roughly half of America’s market wealth. The bottom half? Just 1%. The gap isn’t closing—it’s widening since 1990. Image: Goldman Sachs Global Investment Research
Foreign Investor Ownership Share of U.S. Equity Market With foreign investors holding a record 18% of U.S. stocks, they are chasing the American dream, piling into U.S. equities on hopes that President Trump keeps the bull run alive. Image: Goldman Sachs Global Investment Research
U.S. Households’ Allocation to Equity, Bond and Cash Americans have never been so invested—literally—in the market, with household equity allocations at all-time highs, a boom shadowed by warnings of how sentiment can sour overnight. Image: Goldman Sachs Global Investment Research
Ownership Breakdown of the U.S. Equity Market (Share of Corporate Equity Market) U.S. households hold 40% of the U.S. equity market—a show of faith in stocks. Trouble is, nearly 90% of that sits with the richest 10%. Image: Goldman Sachs Global Investment Research
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