S&P 500 Performance When Down In October, But Still Positive YTD When the S&P 500 declines in October but maintains a positive performance since the beginning of the year, historical trends suggest that the last two months of the year tend to show positive returns. Image: Carson Investment Research
S&P 500 Earnings Revisions Breadth vs. S&P 500 YoY With yields no longer supporting high valuations, earnings growth is expected to be the main factor driving U.S. equity returns in the near future. Image: Morgan Stanley Research
Weighted Average Price Target for S&P 500 Companies Goldman Sachs price targets imply a +19.3% return over the next 12 months, which suggests a bullish sentiment and very optimistic outlook. Image: Goldman Sachs Global Investment Research
Time Series of S&P 500 Price, Forward EPS and Price to Forward EPS The S&P 500 has returned to its January 2022 level. Image: BofA US Equity & Quant Strategy
90% of S&P 500 Index Components Above 50-Day Moving Average Last week, 89% of S&P 500 Index components were above their 50-day moving average. Historic overbought levels tend to lead to continued sustained and robust returns. Image: Carson Investment Research
S&P 500 Performance Around Narrowing Market Breadth Episodes A sharp narrowing market breadth does not necessarily indicate a negative return for the S&P 500 over the next 12 months. Image: Goldman Sachs Global Investment Research
S&P 500 Index – Bull vs. Bear Market Will the S&P 500 return to its all-time high as it remains in a long-term trending bull market? Image: Real Investment Advice
Median S&P 500 Index Move Around Last Fed Hike Historically, the S&P 500 Index’s median return exceeds 5% about 22 weeks after the final Fed hike. Image: Morgan Stanley Wealth Management
Global M2 and S&P 500 Index The decrease in global liquidity is potentially bad news for U.S. equity returns. Image: Morgan Stanley Research
Valuation – S&P 500 Trailing Price to Earnings Ratio vs. YoY Change in CPI Will inflation continue to hurt S&P 500 returns? Image: BofA US Equity & Quant Strategy
S&P 500 Following Sentiment Extremes The latest AAII U.S. investor sentiment bull – bear spread suggests promising S&P 500 returns over the next few months. Image: Richardson Wealth