Gold to S&P 500 Ratio
Gold to S&P 500 Ratio Gold’s outperformance has pushed the Gold-to-S&P 500 ratio to its highest since 2013, signaling a defensive shift but not yet the kind of rush to safety seen during crisis years.…
Valuation Ranges of MSCI World Styles Indices
Valuation Ranges of MSCI World Styles Indices Across markets and styles, valuations remain lofty amid AI-driven optimism and market concentration, forcing investors to pick their spots carefully. Image: Goldman Sachs Global Investment Research
EPS Revisions
EPS Revisions Upward EPS revisions across the S&P 500, MSCI EM and Topix point to stronger optimism for 2026 earnings growth. Image: Goldman Sachs Global Investment Research
MSCI World Performance vs. U.S. Dollar Index
MSCI World Performance vs. U.S. Dollar Index The link between the US dollar and global equities is often decisive. A softer dollar usually lifts stock markets worldwide, while a firmer one tends to weigh them…
Risky vs. Safe Assets Fund Flows
Risky vs. Safe Assets Fund Flows A tilt toward safe assets shows investors growing wary of market risk and intent on protecting capital. Image: Goldman Sachs Global Investment Research
Bloomberg’s Global 60/40 Equity/Fixed Income Portfolio
Bloomberg’s Global 60/40 Equity/Fixed Income Portfolio The global 60/40 portfolio has hit a record high, showing fresh momentum and reaffirming its role as a cornerstone for investors seeking balance and steady long-term gains. Image: Deutsche…
S&P 500 Returns When January Is Up Between 0-2%
S&P 500 Returns When January Is Up Between 0-2% The bulls have history on their side: when the S&P 500 gains between 0% and 2% in January, the next 11 months have gone higher 92%…
ISM Manufacturing Index vs. S&P 500 Index
ISM Manufacturing Index vs. S&P 500 Index U.S. factory activity jumped back to life in January, with the ISM Manufacturing Index hitting 52.6 and easily topping forecasts for 48.5. The chart shows the correlation between…
Sectors Positioning (High Frequency)
Sectors Positioning (High Frequency) Positioning in mega-cap growth and tech has eased to neutral, while the rotation into cyclicals shows no sign of slowing. Broad positioning in cyclicals now sits modestly overweight. Image: Deutsche Bank…
Gold vs. 50/50 S&P 500 and U.S. Treasuries
Gold Price vs. S&P 500 Gold has recently surpassed $5,000 per ounce, but it still looks cheap next to a balanced 50/50 portfolio of U.S. stocks and Treasuries. Image: Bloomberg
Returns for Major Global Financial Assets
Returns for Major Global Financial Assets Markets kicked off the year with solid gains in January, lifted by upbeat economic data that kept investors piling into risk assets. The S&P 500 briefly topped 7,000 for…