S&P 500 Price Return vs. 2021 EPS Revisions

S&P 500 Price Return vs. 2021 EPS Revisions This chart highlights the positive correlation between price return and 2021 earnings revisions. Image: Goldman Sachs Global Investment Research

S&P 500 Valuation – Consensus FY2 P/B and Return on Equity (ROE)

S&P 500 Valuation – Consensus FY2 PB and Return on Equity (ROE) This chart suggests that the current valuation of the S&P 500 appears broadly consistent with the correlation between consensus FY2 P/B and return on equity (R² = 0.42). Image: Goldman Sachs Global Investment Research

Global Online Retailers vs. S&P 500 Indexed Price Return

Global Online Retailers vs. S&P 500 Indexed Price Return Global online retailers saw rise in traffic during the coronavirus pandemic. They have outperformed the S&P 500 year-to-date. Image: Goldman Sachs Global Investment Research

S&P 500 Index and Total Return to Gold Ratio

S&P 500 Index and Total Return to Gold Ratio According to BofA, the gold to equity ratio is elevated given the earnings uncertainty, but it is far from historical highs. Image: BofA Global Research