Search Results for: gold ratio

Local Currency Returns and Return to Vol Ratios in YTD 2019 Chart showing what investors should have bought this year. Image: Goldman Sachs Global Investment Research

MSCI World Sector/Style Valuations Valuations remain rich across some sectors and styles, pushing investors to be more selective. Even so, pockets of value are beginning to surface. Selectivity is key in this environment. Image: Goldman Sachs Global Investment Research

Valuation – S&P 500 Forward P/E Multiple Since October, the S&P 500’s P/E has slipped from 23 to 19, showing investors have turned more cautious even as earnings hold steady. The mood has cooled, and risk is being repriced across the market. Image: Goldman Sachs Global Investment Research

Valuation – S&P 500 Forward P/E Multiple Strong profits haven’t lifted valuations: the S&P 500’s P/E has narrowed as investors weigh geopolitical uncertainty and renewed oil price volatility. Sometimes solid results aren’t enough when risk appetite fades. Image: Goldman Sachs Global Investment Research

Probability of S&P 500 Drawdown / Rally In the days following “Liberation Day,” the odds of a sharp rally were high. Now, the balance has flipped: drawdown risk feels heavier, and equity asymmetry reflects a classic late-cycle mood. Image: Goldman Sachs Global Investment Research

LME Copper Copper surged on shrinking supply and a weaker dollar, with investors wagering that demand from factories, clean energy, and AI will stay strong despite limited mine output. Image: Bloomberg

Valuations – 12-Month Fwd P/E Multiple. Worldscope Europe Sector Indices If you look at today’s valuation at 16.8x P/E and consensus revenues growth at around 9% annually, the risk of a slowdown in Software & IT Services is at least partly priced in already. Image: Goldman Sachs Global Investment Research

Valuation Ranges of MSCI World Styles Indices Across markets and styles, valuations remain lofty amid AI-driven optimism and market concentration, forcing investors to pick their spots carefully. Image: Goldman Sachs Global Investment Research

S&P 500 – Which Will Perform Best in 2026? More portfolio managers see the “S&P 493” gaining ground on the Magnificent 7 this year, with fundamentals improving and valuation spreads closing amid worries over index concentration. Image: Goldman Sachs Global Investment Research

Economy-Wide Firm AI Adoption Rate AI adoption keeps gaining ground, with 17.3% of firms already using artificial intelligence in their regular operations, a share projected to top 21.1% within six months. Image: Goldman Sachs Global Investment Research

Market Capitalization of the Largest Stock Relative to the 75th Percentile Stock U.S. stocks are more top-heavy than at any point in nearly a century, with mega-cap tech driving the charge. The dominance is juicing index gains—but also flashing warnings on risk and concentration. Image: Goldman Sachs Global Investment Research