CTAs Exposure to Equities CTAs have steadily increased their equity exposure in recent months. But with positioning now at the 89th percentile, the trade is starting to look crowded. Image: Deutsche Bank Asset Allocation

U.S. Economic Forecasts Deutsche Bank expects the U.S. economy to remain resilient through 2027 and 2028, with the Fed delivering 75bps of tightening through hikes in September, December, and next March. Image: Deutsche Bank

S&P 500 Sector P/E Valuations Relative to History Energy still looks like the market’s cheap bet, while Industrials, Healthcare, and Consumer Staples leave little room for disappointment. Image: Goldman Sachs Global Investment Research

Fed Funds Rate – Target Probabilities at the Fed’s FOMC Meeting Traders are betting on a Fed rate hike today, with markets pricing in a 92.5% chance of a 25 bps move. But when oil…

S&P 500 Performance on the Day of the FOMC Meeting U.S. stocks have struggled on FOMC days this year. Can this week break the pattern? Image: Deutsche Bank Asset Allocation

Bond Positioning Bond positioning has sunk to the 5th percentile. If history rhymes, yields are near a short-term peak. Image: Deutsche Bank Asset Allocation

Valuation – S&P 500 Fwd 12-Month P/E Multiple vs. EPS Yield Gap vs. Real 10-Year U.S. Treasury So far in 2026, U.S. equities have digested higher rates mostly through multiple compression, leaving the valuation gap…

U.S.-Listed ETF Cumulative Flows by Year Investors have poured more than $1.4 trillion into U.S.-listed ETFs so far this year, a record for inflows at this point in the calendar. If the momentum persists, model-based…

Median 2-Week S&P 500 Returns The S&P 500’s worst half-month since 1950? That’s the second half of September. So are traders betting history won’t repeat? Image: Goldman Sachs Global Investment Research

Foreign Holding of U.S. Financial Assets: Allocation to Equities Foreign investors are unusually crowded into U.S. stocks. What would happen if they all rushed for the exits? Image: Topdown Charts

Sentiment Indicator and Stock Positioning Goldman Sachs’ US Equity Sentiment Indicator has cooled to -0.9. The S&P 500 has historically averaged a 0.5% gain over the following month after comparable readings. Image: Goldman Sachs Global…