S&P 500 Valuation Multiples Despite the U.S. stock market’s robust performance, the growing gap between earnings growth and price increases has inflated valuations to potentially unsustainable levels, warranting caution based on historical trends. Image: Real…
S&P 500 Average Returns in Bull Markets While the third year of a bull market often shows weakness, patient investors may find opportunities in years 4-6, as historical patterns suggest potential for continued growth. Image:…
Aggregated U.S. Equity Futures Positions Current market dynamics indicate a bullish outlook among leveraged funds and asset managers, who are betting on rising equity prices through increased long positions in futures. Image: Deutsche Bank Asset…
Performance – S&P 500 Relative to Gold Over the past six years, the S&P 500’s performance relative to gold has remained flat, a trend that has served as an important indicator of market sentiment for…
Indexed Performance Around 2016 vs. 2024 U.S. Election 2024 mirrors 2016, with cyclical stocks surging post-election due to optimism about tax cuts and deregulation under Trump. U.S. companies with strong domestic sales gained from expected…
Proportion of Companies Beating Earnings Estimates In the third quarter of 2024, U.S. companies outperformed their counterparts in Europe, Japan, and emerging markets, with a higher percentage exceeding earnings estimates. Image: Deutsche Bank Asset Allocation
Valuation – S&P 500 Next-Twelve-Months P/E Multiple Goldman Sachs projects a favorable outlook for U.S. equities in 2025. While the current P/E multiple is above historical averages, it aligns with the underlying economic fundamentals and…
GS U.S. Financial Conditions Index Financial conditions have tightened in recent weeks, creating challenges, but they are not extraordinarily tight by historical standards. Image: Goldman Sachs Global Investment Research
Systematic Equity Positioning The current level of systematic equity positioning at the 86th percentile indicates a relatively high level of exposure to equities, but it has not yet reached extreme levels. Image: Deutsche Bank Asset…
U.S. New Private Housing Units Authorized by Building Permits and Recessions In October, U.S. building permits declined to 1.416 million, falling below expectations. Historically, building permits tend to peak and then decline before recessions. Image:…
ISABELNET Picture of the Day The S&P 500’s performance since the end of the 2022 bear market has rewarded bullish investors, contradicting pessimistic forecasts. It’s already Wednesday, Happy “Hump” Day Everyone! 🐫🐪😎