Cumulative Flows to Cryptocurrency Funds For two straight months, crypto funds have faced relentless outflows, with Bitcoin vehicles taking the heaviest hits. Now the flow picture is improving as buyers step back in. Image: Deutsche…
S&P 500 Real Revenue per Employee AI is already lifting productivity in some tasks. Over time, that could mean more sales per employee. Image: Goldman Sachs Global Investment Research
Rolling 20-Week Correlations of the S&P 500 to the Usual Havens During this decade’s market shocks, traditional havens have too often failed to hedge, frustrating investors who assumed they would shield portfolios. The takeaway: diversification…
U.S. Broad Money (M2) After shrinking in 2022 and 2023, U.S. M2 growth has continued to expand. That’s good news for nominal spending and asset prices, but it also brings the familiar inflation question back…
Famous Market Bubbles: Peak-To-Trough Drawdowns Major market bubbles rarely fade quietly. Losses can be severe, and getting back to even can take years, sometimes decades, as leverage unwinds, valuations reset, and confidence takes a hit.…
Different Market Sentiment Indicators Volatility has cooled over the past month, and sentiment is still risk-on, but the market is far from euphoric, leaving room for more upside into earnings season. Image: Goldman Sachs Global…
Mega-Cap Growth & Tech Positioning Investors are piling back into mega-cap growth and tech, driving positioning up to the 79th percentile. Image: Deutsche Bank Asset Allocation
S&P 500 Implied Correlation The S&P 500’s growing dispersion is putting stock selection back in focus, with fundamentals doing the talking again. Image: Goldman Sachs Global Investment Research
S&P 500 Quarterly EPS For Q2 2026, analysts expect S&P 500 earnings to jump 22% from a year earlier, with tech once again doing almost all the work. The script hasn’t changed: technology remains the…
Fed Funds Rate The market’s baseline has shifted: traders see about 50 bp of Fed tightening over the next several months, something that would have been hard to believe in January. Image: Goldman Sachs Global…
Seasonality – S&P 500 Cycle Composite for 2026 The S&P 500 Cycle Composite calls for a bullish but choppy 2026, and the market is still following that seasonal playbook after a rough first quarter. Image:…