U.S. Equity Index P/E Valuations vs. History Despite recent price declines, neither the tech sector nor the S&P 500 looks historically cheap. Image: Goldman Sachs Global Investment Research

Consolidated Equity Positioning Consolidated equity positioning at the 2nd percentile highlights elevated risk aversion in today’s market, suggesting significant upside potential should trade tensions ease. Image: Deutsche Bank Asset Allocation

Sentiment Indicator and Stock Positioning Goldman Sachs’ U.S. Equity Sentiment Indicator currently stands at -1.7, signaling a potential contrarian buying opportunity in the market. Image: Goldman Sachs Global Investment Research

ISABELNET Cartoon of the Day With U.S. stocks down YTD, bears are busy penning eulogies for the market. Bulls, however, are buying the dip like it’s Black Friday—happier than kids in a candy store! Have…

Aggregated U.S. Equity Futures Positions and S&P 500 Relative to Its 200-DMA While leveraged funds and asset managers have slightly scaled back their bullish stance, they still maintain substantial net long positions in U.S. equity…

Discretionary vs. Systematic Equity Positioning Following the 90-day reprieve on reciprocal tariffs, discretionary investors slightly increased their positions, whereas systematic strategies saw sharp reductions, likely due to lingering uncertainty over tariff implications. Image: Deutsche Bank…

Estimated U.S. Recession Probability Goldman Sachs revised its 12-month US recession forecast to 45%, down from 65%, citing reduced risks after the tariff pause. Image: Goldman Sachs Global Investment Research

S&P 500 2025 Year-End Forecasts While most equity strategists still anticipate a sustained rally in the S&P 500 Index through 2025, their forecasts show significant divergence as conflicting macroeconomic data and policy uncertainties cloud the…

Ownership Breakdown of the U.S. Equity Market (Share of Corporate Equity Market) U.S. households own 38% of the U.S. equity market, demonstrating strong confidence in stocks. However, stock ownership is highly concentrated, with the wealthiest…

S&P 500 Sector P/E Valuations Relative to History Despite the recent market decline, several S&P 500 sectors remain overvalued by historical standards. Image: Goldman Sachs Global Investment Research

Gold Price Forecast Goldman Sachs raised its gold price forecast to $3,700 per ounce from $3,300, with a range of $3,650–$3,950, citing stronger-than-expected demand from central banks and ETFs as key drivers of the increase.…