S&P 500 – Margin Debt Expansion vs. Contraction Margin debt is climbing into the danger zone that makes investors uneasy, edging deeper into levels last seen at major market tops. The bulls still run the…
Sentiment Indicator and Stock Positioning Goldman Sachs’ U.S. equity sentiment indicator stands at 0.9, a level that has historically been followed by an average 1.1% gain in the S&P 500 over the next month.. Image:…
Equity Positioning At the 53rd percentile, overall equity positioning points to a modest overweight, while large‑cap tech at the 95th percentile leaves little room to add exposure. Image: Deutsche Bank Asset Allocation
U.S. Equity Index P/E Valuations vs. History Risk appetite is still intact. The Russell 2000 trades at 26 times forward earnings, versus 25 for the Nasdaq 100 and 20 for the S&P 500. It is…
Discretionary vs. Systematic Equity Positioning Systematic strategies sit in the 79th percentile, firmly overweight, while discretionary investors are stuck at the 35th percentile with room left to add risk. Image: Deutsche Bank Asset Allocation
Performance – S&P 500 MCG & Tech Ratio to the Rest of the S&P 500 Mega‑cap growth and tech stocks have slipped from the top to the middle of their long‑term trend channel versus the…
Sector Fund Flows Despite the selloff, semiconductors have seen heavy inflows over the past few weeks. That looks more like dip buying than broad risk aversion. Will it last? Image: Deutsche Bank Asset Allocation
Long/Short Momentum Factor Returns Around 3-Month Rallies of 20%+ Momentum factor was a rough ride last week, with volatility now near its highest levels in decades outside a recession. Image: Goldman Sachs Global Investment Research
MSCI ACWI 12-Month Forward EPS With global stocks priced for perfection and ACWI earnings expectations stretched, it looks prudent to take some risk off the table. Image: TS Lombard
S&P 500 CAPE Valuations and 10 Year Annualized Real Return With the S&P 500 Shiller CAPE Ratio near rare highs, the market looks priced for perfection. History says that kind of setup often leads to…
Fear & Greed Index – Investor Sentiment At 41 on the Fear & Greed Index, sentiment sits near neutral territory, showing neither panic nor euphoria and still leaving room for U.S. stocks to climb higher…