S&P 500 Performance During Trump Years July has been a strong month for U.S. stocks under the Trump presidency, rising every year with an average gain of about 2.9%, enough to keep bulls smiling. Image:…

ISM Manufacturing Index vs. S&P 500 Index U.S. manufacturing lost some steam in June, with the ISM Manufacturing Index slipping to 53.3, missing expectations of 54, but still marking a sixth straight month of expansion.…

S&P 500 Consensus Earnings Growth Expectations Analysts have rarely been this bullish on S&P 500 earnings heading into Q2 2026, a level typically seen only after recessions or at the start of a new cycle.…

Equity Market Concentration – Market Capitalization of 10 Largest Companies as Share of S&P 500 Total What used to track the market now moves it. Ten mega caps now account 37% of the S&P 500…

Gross Proceeds from U.S. IPOs At midyear, 2026 has already matched 2021’s full-year record, with roughly $120 billion raised in U.S. IPOs. The window is wide open, but keeping that momentum through year-end will not…

Global Monetary Policy Stimulus and Global Manufacturing PMI The rebound in global growth has been the central macro story of 2026. But the tone is shifting, as firmer inflation brings rate hikes back into the…

S&P 500 Sector P/E Valuations Relative to History S&P 500 Financials are still trading at relatively modest valuations versus other sectors, while Industrials appear to have already priced in a healthy dose of optimism. Image:…

Consensus Forward 12-Month S&P 500 EPS Positive earnings revisions have driven the S&P 500 higher this year, with gains coming without any lift in the forward P/E, reinforcing confidence. Earnings continue to do the heavy…

Semiconductors as a Share of the S&P 500 The market’s weak spot is concentration. Semiconductors have climbed to 18.8% of the S&P 500, a record and more than twice their dot-com era peak. One miss…

S&P 500 Performance Up YTD Between 5-10% at the Midpoint of the Year Since 1950, when the S&P 500 has been up 5% to 10% by midyear, it has finished the year higher 93.8% of…

Gold Drawdown from Its Trailing Previous Peak Gold has just suffered one of its steepest pullbacks in more than a decade. The drop looks less like the start of a lasting reversal and more like…