Share Repurchases vs. U.S. Stock Market Returns Corporate buybacks and market returns move in tandem. With roughly $5 billion a day in share repurchases, U.S. companies are keeping a solid bid under equities and softening…
S&P 500 Returns in December if >5% YTD End of November in Year One of Presidential Cycle Bulls are in luck. Since 1945, whenever the S&P 500 was up more than 5% YTD by November’s…
S&P 500 – MSCI U.S. vs. G10 Excess Liquidity Leading Indicator G10 excess liquidity points to only modest S&P 500 gains in the first half of 2026, rather than a surge. Image: Bloomberg
Bitcoin Drawdown Bitcoin was down more than 30% from its October peak. For most assets that would be a crash, but for Bitcoin it’s a familiar kind of turbulence, sharp yet within its usual volatility…
U.S. Economic Forecasts Deutsche Bank sees U.S. growth staying strong through 2028, with core inflation easing toward the Fed’s 2% target and job markets holding firm. Image: Deutsche Bank Click the Image to Enlarge
Composition of Fed Liabilities with Projections With QT ending, the Fed will pivot to reserve management purchases of Treasury bills in early 2026. Goldman Sachs expects bank reserves to climb past $3 trillion by late…
Share of Global Market Capitalization With 64% of global equities, the United States still sets the tempo in world finance, drawing capital and dictating market moods from New York to Tokyo. Image: Goldman Sachs Global…
Risk Appetite Indicator The Goldman Sachs Risk Appetite Indicator has dropped back to zero, marking a sharp reversal in market sentiment. Image: Goldman Sachs Global Investment Research
S&P 500 December Returns The S&P 500 lost ground last December, but two red Decembers in a row are rare. That track record may give bulls hope for a Santa Claus rally and a strong…
ISM Manufacturing Index vs. S&P 500 Index U.S. factory activity lost more steam in November, with the ISM Manufacturing Index slipping to 48.2 versus expectations for 49.0, marking another month of contraction and persistent industrial…
Equity Market Concentration – Market Capitalization of 10 Largest Companies as Share of S&P 500 Total The S&P 500 was once a reflection of the wider market. Today, its moves are dictated by just ten…