Discretionary vs. Systematic Equity Positioning With systematic strategies solidly in the 79th percentile and discretionary investors only edging above neutral at the 58th percentile, the setup still favors more upside. Image: Deutsche Bank Asset Allocation
Different Market Sentiment Indicators Risk appetite is still on the rise, powered by robust global equity inflows, and for now, the momentum shows no sign of fading. Image: Goldman Sachs Global Investment Research
Insider Transactions Ratio Insiders are back in balance, their buying and selling leaving the Transactions Ratio steady in neutral territory. Image: Barron’s
Discretionary Investor Positioning With exposure now at the 58th percentile, discretionary investors have edged slightly above neutral, still reluctant to shake off the caution that has prevailed since March 2025. Image: Deutsche Bank Asset Allocation
Valuation – 12-Month Forward P/E Ranges (MSCI Regions) With growth steady and earnings holding up, markets seem poised to extend their gains this year. The catch is that valuations already look stretched, leaving little margin…
Gold Price vs. Other Assets You have to go all the way back to 1980 to find a time when gold looked this pricey against other assets. The question now is whether the metal cools…
Inflation – U.S. ISM Services Prices vs. Super Core PCE History shows the U.S. ISM Services Prices Index tends to lead super core inflation by five months, which means sticky prices aren’t going anywhere soon.…
U.S. Real GDP Growth Goldman Sachs sees the U.S. economy staying strong, forecasting 2.9% growth in 2026 and 2.1% in 2027, above consensus estimates, as steady inflation and a resilient job market keep the expansion…
Market Breadth – Percent Below 52-Week High S&P 500 Index Less Median Stock Market breadth across the S&P 500 has turned higher again, showing signs of momentum. With more stocks joining the move, the rally…
Investor Sentiment – U.S. Market Greed/Fear Index Markets are still riding a wave of optimism. The Greed and Fear Index sits at 81.26, and investors haven’t trimmed their equity allocations. Image: Real Investment Advice
S&P 500 Returns in January The S&P 500 is up 1% so far this month. January has finished higher three years in a row. Could this be the fourth? Since 1950, when January finishes in…