Global Share Buyback Announcements Global share buybacks show no signs of slowing, as steady earnings keep the pipeline full. For shareholders, that’s a supportive backdrop, and unless profits falter, the momentum looks durable. Image: J.P.…
Capex as % of Cash Flow from Operations All signs point to hyperscalers reinvesting nearly all operating cash flow into capex, a tailwind for infrastructure suppliers but a potential headwind for equity returns if free…
U.S. Tech Media Telecom Valuations vs. ROE Investors are still willing to pay a premium for U.S. tech, media, and telecom stocks, and with robust returns on equity, those valuations look broadly justified. Image: Goldman…
New York Fed GDP Nowcast The New York Fed nudged its Q3 2026 U.S. GDP Nowcast down to 2.46% from 2.47% a week earlier, a marginal trim that keeps the steady growth narrative firmly in…
Energy Group Positioning Energy sits in the 91st percentile on positioning, firmly in overweight territory. With strong earnings momentum largely priced in, the sector looks exposed if oil prices soften. Image: Deutsche Bank Asset Allocation
S&P 500 Index vs. Insider Sells Insider selling usually rises with the market, as higher prices prompt executives to lock in gains. Lately, though, selling has cooled even as equities climb, pointing to a reduced…
Market Breadth – Percent Below 52-Week High S&P 500 Index Less Median Stock Gains appear solid on the surface, but beneath it the foundation is thinner, with S&P 500 highs masking narrow breadth, still shy…
Systematic Strategies Equity Positioning vs. S&P 500 Realized Volatility When markets are tranquil, systematic strategies tend to stay aggressively long equities to capture steady upside, a positioning that can unwind sharply when volatility comes back.…
U.S. Equity Issuance Surge in U.S. equity issuance has a habit of picking up near tops or as the cycle begins to turn. It is more a yellow flag than a call to exit. For…
GS Financial Conditions Index As markets climb, confidence is following suit, supported by looser U.S. financial conditions that are lifting both consumer spending and business investment. Image: Goldman Sachs Global Investment Research
Equity Market Concentration – Market Capitalization of 10 Largest Companies as Share of S&P 500 Total The market used to track reality. Now it magnifies it. Ten mega caps make up 40% of the S&P…