New S&P 500 Index All-Time Highs Per Year
New S&P 500 Index All-Time Highs Per Year The S&P 500 has reached 25 record highs this year. In robust bull markets, new highs usually come in clusters and last longer than the crowd expects,…
U.S. Heavy Truck Sales and Recessions (Leading Indicator)
U.S. Heavy Truck Sales and Recessions (Leading Indicator) U.S. heavy truck sales rose in June to 483K (annualized). Before recessions, heavy trucks sales tend to peak and then decline, providing insights into the overall health…
Large Cap MCG & Tech Positioning vs. Earnings Revisions
Large Cap MCG & Tech Positioning vs. Earnings Revisions Large-cap tech companies have seen upward earnings revisions, but positioning remains only modestly overweight at the 54th percentile. That gap to fundamentals leaves some air for…
CTAs Exposure to the U.S. Dollar
CTAs Exposure to the U.S. Dollar The latest pullback has barely dented CTA appetite for the U.S. dollar, with positioning sitting at the 93rd percentile. Image: Deutsche Bank Asset Allocation
Cumulative Daily Equity ETF Flows
Cumulative Daily Equity ETF Flows Equity ETF flows show no sign of slowing: 2026 is smashing every historical comparison, and July’s volatility barely dented risk appetite. Investors remain firmly all-in on equities. Image: Strategas Asset…
Central Bank Gold Demand in Real USD
Central Bank Gold Demand in Real USD Central banks are still the backbone of gold’s bull market. Deutsche Bank remains bullish, calling the metal’s “explosive phase” intact, with targets of $4,700 an ounce by year-end,…
Margin Debt and Net Investor Credit Balance
Margin Debt and Net Investor Credit Balance NYSE margin debt just blew past $1.5 trillion. Investors are piling into leverage with both hands, leaving little room for error. The market has gotten riskier, more fragile,…
S&P 500 Bull Markets
S&P 500 Bull Markets Over the past 50 years, the average U.S. bull market lasted 8 years and delivered a 288% gain. This one is just under 4 years old and up 115%, so it…
Gold Price Forecast
Gold Price Forecast Gold’s rally still has central banks at its back. Deutsche Bank remains bullish on the metal, putting fair value at about $4,700 an ounce by year-end, then $5,100 in 2027 and $5,442…
MSCI World Sector/Style Valuations
MSCI World Sector/Style Valuations Valuations are rich across sectors and styles, leaving investors with barely any cushion. In this market, even a small shift in sentiment can send prices sliding with little support below. Image:…
S&P 500 YoY EPS Growth
S&P 500 YoY EPS Growth The median S&P 500 company is set to deliver 12% EPS growth in Q2 2026, well short of the 26% surge forecast for the aggregate index. Image: Goldman Sachs Global…