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’ U.S. Equity Sentiment Indicator sits at -0.5. Historically, the S&P 500 has posted an average 1.1% gain over the following month after similar readings. Image: Goldman Sachs Global…
S&P 500 Performance on the Week of FOMC Meetings U.S. stocks have whipsawed through recent FOMC meetings, but the average week still closes in the green. Image: Deutsche Bank Asset Allocation
U.S. Equity Index P/E Valuations vs. History Risk appetite is firmly intact. The Russell 2000 trades at 24 times forward earnings, above the Nasdaq 100 at 23 times and the S&P 500 at 19 times.…
Forecast of Gold Prices Goldman Sachs still sees gold hitting $4,900 a troy ounce by the end of 2026, supported by relentless central-bank buying. But growing use of gold derivatives to hedge policy risk could…
S&P 500 Return Around Start of Fed Hiking Cycles History says the S&P 500 tends to stumble in the weeks after the Fed starts hiking, before recovering as the broader trend resumes. Image: Goldman Sachs…
Valuation – S&P 500 PEG Ratio Fwd P/E? Rich. PEG? Cheap, because long-term earnings-growth estimates are the highest since 1995. That low PEG is just blockbuster growth expectation. A recession or an AI-spending slowdown could…
S&P 500 Technical Composite A composite of technical breadth measures is screaming oversold on the S&P 500, boosting the odds of a reflexive rally. Setups like this can flip quickly once buyers return. Image: MarketDesk…