Various S&P 500 Index 6-Month Returns From November through April, Wall Street gets a seasonal tailwind: the market’s so-called “best six months.” Holiday shopping, year-end bonus season and tax considerations help push stocks higher. Image:…
MSCI AC World EPS Earnings estimates for 2027 and 2028 are holding firm, with analysts still seeing room for upgrades. Image: Goldman Sachs Global Investment Research
Insider Transactions Ratio Buying and selling have come back into balance, pushing the Insider Transactions Ratio into neutral territory. Corporate insiders are sitting on the sidelines, showing little conviction in either direction. Image: Barron’s
Discretionary vs. Systematic Equity Positioning Systematic strategies remain firmly overweight, with positioning in the 79th percentile. Discretionary investors are more cautious, still underweight in the 21st percentile and with ample room to add risk. Image:…
Hyperscaler Free Cash Flow Hyperscalers’ combined free cash flow turned negative in Q3 and is expected to stay there through 2027 as AI spending accelerates. A recovery is not expected until 2028. For now, burning…
ISM Manufacturing Index vs. S&P 500 Index U.S. factory activity expanded in October. The ISM Manufacturing Index climbed to 55.5, beating expectations of 54.5 and notching a tenth straight month of expansion. The sector remains…
Mega-Cap Growth and Large-Cap Tech Positioning Positioning in mega-cap growth and large-cap Tech has fallen sharply from its highs, back to neutral at the 40th percentile. Image: Deutsche Bank Asset Allocation
Relative Performance – Nasdaq 100 / U.S. Treasury Bonds Ratio After weeks of market correction, the trade of buying U.S. tech stocks and shorting U.S. Treasury bonds is still holding up. Image: Bloomberg
Earnings Surprises of S&P 500 Companies Earnings season is sounding a familiar note: corporate profits remain resilient. So far, 60% of S&P 500 companies have beaten Q3 estimates by at least one standard deviation. Image:…
Investor Sentiment – U.S. Market Greed/Fear Index At 56.95, the Greed and Fear Index sits in neutral territory, showing little sign of panic or euphoria. The market looks oversold in the near term, leaving room…
Seasonality – S&P 500 Index Average Monthly Returns As bears freeze, U.S. stocks catch fire in November: the strongest month on average since 1950, the best past 10 years, the second best in midterm years,…