Six months ago, the S&P 500 was overvalued by more than 14%… Six months ago, the S&P 500 was overvalued by more than 14% before the market crash, through our advanced stock market valuation model. Near the same level today and within 1% of a record high, the US stock market remains slightly overvalued by 7.8%.…
U.S. Average Credit Card Rate Record-high credit card interest charges indicate significant financial burdens for cardholders, which can have important implications for both individual cardholders and the broader U.S. economy. Image: The Daily Shot
Monthly Equity Flows – U.S. vs. Non-U.S. U.S. equities have seen the highest monthly inflows on record relative to the rest of the world. Image: Goldman Sachs Global Investment Research
Household Equity Ownership as % of Net Worth vs. CAPE Valuations The S&P 500’s Shiller CAPE ratio is approaching its highest level on record. Does valuation still matter? Image: Real Investment Advice
S&P 500 Quarterly EPS The recovery is marked by the shortest U.S. recession on record and the fastest return to EPS highs. Image: Morgan Stanley Research
Hedge Fund Leverage Hedge fund net leverage is close to record levels. It is also high compared to the average level of the last ten years. Image: Morgan Stanley
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
Gold vs. Silver Gold approaches record as silver prices surge to highest levels in years, amid growing coronavirus fears. Image: The Daily Shot
Gold to Oil Ratio 1860-2020 The gold to oil ratio has reached the highest levels on record. Is oil a buying opportunity? Image: Goehring & Rozencwajg