S&P 500 Monthly Performance the Past 20 Years This year’s conflict in the Middle East has clouded the outlook, but history still favors the bulls: April has rewarded U.S. stocks 80% of the time over…

S&P 500 Weekly Announced Buybacks Corporate America isn’t done buying its own stock. Buyback announcements across the S&P 500 are gathering steam. Elevated rates and heavier capex are tempering activity, but solid earnings are keeping…

Consolidated Equity Positioning Consolidated equity positioning sits in the 20th percentile, deeply underweight. Should tensions ease, positioning could rebound, adding momentum to the next leg higher as sentiment shifts. Image: Deutsche Bank Asset Allocation

U.S. Equity Valuation Metrics (Z-Score Since 1900) The pullback hasn’t made U.S. stocks a bargain. Most valuation gauges remain stretched, sitting more than two standard deviations above historical norms. “Cheap” isn’t the word investors are…

Discretionary vs. Systematic Equity Positioning Systematic strategies remain firmly underweight at the 23rd percentile, while discretionary investors positioning stays notably cautious at the 16th percentile. A shift in sentiment could quickly spark a push higher.…

AAII Sentiment Survey U.S. retail investors turned more cautious over the past week. Bearish sentiment climbed back above 50%, leaving the bull-bear spread in negative territory for a seventh straight week. Image: The Daily Chartbook

S&P 500 – 13-Week and 26-Week Moving Average The S&P 500 remains in a bull trend with the 13-week moving average still above the 26-week, but the gap has narrowed enough to raise caution. Image:…

NAAIM Exposure Index – Investor Sentiment Active managers aren’t backing off yet. With the NAAIM index at 68.36, they’re still betting on U.S. stocks, despite the market’s choppy mood. The National Association of Active Investment Managers Exposure…

Valuation – S&P 500 Forward P/E Valuations have cooled: the S&P 500 has compressed to 20 times forward earnings, and the Mag-7 has come down to 24 times after January’s lofty 31 times. Still not…

Number of Consecutive Negative Weeks for the S&P 500 Five straight weeks of declines might rattle investors, but history reminds us that such runs often mark turning points rather than lasting downturns. Markets often rebound…

S&P 500 Weekly Losing Streaks If the S&P 500 ends in the red today, it would mark a record 10th consecutive losing Thursday. But the last trading day before Good Friday has a habit of…