Gold Price Forecast Goldman Sachs is holding firm on its bullish gold call, reaffirming a December 2026 target of $5,400 an ounce even as recent volatility and bouts of profit-taking test investor nerves. Image: Goldman…

ISM Manufacturing Index vs. S&P 500 Index U.S. factory activity expanded in March for the third straight month, with the ISM Manufacturing Index hitting 52.7 and beating forecasts for 52.5. That’s a good sign of…

Valuation – S&P 500 NTM P/E With a forward P/E of 16 versus 20 for the benchmark, the equal-weight index isn’t a bargain, but it looks relatively more attractive. Image: Goldman Sachs Global Investment Research

Returns for Major Global Financial Assets March proved rough for investors. The Middle East conflict rattled global markets, spiked oil prices through Hormuz supply fears, and spilled over into equities, bonds, and traditional safe-havens. Could…

Global Monetary Policy Stimulus and Global Manufacturing PMI The dominant macro theme for 2026 remains a global growth rebound, powered by two years of aggressive monetary easing that have set the stage for renewed economic…

S&P 500 Sector P/E Valuations Relative to History Financials in the S&P 500 remain cheap compared with other sectors, while Industrials are stretching valuations. Image: Goldman Sachs Global Investment Research

Investors Intelligence Bull-Bear Spread and S&P 500 Bulls are slipping out the side door. Over the past decade, every sustained S&P 500 gain came when the II bull‑bear spread topped 20%. That kind of conviction…

S&P 500 Index – Best and Worst Days For the S&P 500, the best and worst days tend to show up side by side. Miss the best days and you give up gains, but sidestepping…

Valuations – 12-Month Forward P/E Ranges (MSCI Regions) Despite the pullback, U.S. and global equity valuations remain elevated, with earnings momentum carrying the load. As long as companies keep delivering, those rich multiples may continue…

S&P 500 Quarterly YoY EPS Growth Relative to Consensus Expectations Consensus expects S&P 500 earnings to rise 12% year on year in 1Q 2026, led by strong tech‑sector profits. Once again, it’s the tech names…

U.S. ETF and Mutual Fund Flows Over the past 12 months, many U.S. investors have piled into bonds and money market funds over riskier equities, amid geopolitical tensions and stubbornly high interest rates. Image: Goldman…