U.S. Equity Index P/E Valuations vs. History Risk appetite hasn’t faded. The Russell 2000 trades at 25 times forward earnings, above the Nasdaq 100 at 23 times and the S&P 500 at 20 times. Yes,…

Distributions of Returns of S&P 500 Since 1928 The S&P 500 has run well ahead of its long‑term median over the past years, but that kind of strength will be tough to repeat from today’s…

Median 2-Week S&P 500 Returns Going back to 1950, the S&P 500’s first half of September ranks as the sixth-weakest half-month in the annual cycle, a seasonally weak period for equities. Image: Goldman Sachs Global…

Sector Fund Flows Over the past 12 months, investors have piled into tech funds on the back of AI fever, chip strength and improving earnings outlooks. Can the momentum hold? Image: Deutsche Bank Asset Allocation

S&P 500 Average Monthly Returns Since 1964 September is typically a weak month for U.S. equities, and midterm years tend to make it worse. Once Election Day passes, uncertainty lifts and markets frequently improve. Image:…

S&P 500 Performance After a Positive August and YTD Between 10% and 17.5% History says this setup is bullish. Since 1945, when August closed in the green with the market up between 10% and 17.5%…

Equity Market Concentration – Market Capitalization of 10 Largest Companies as Share of S&P 500 Total A handful of giants now run the S&P 500. The top 10 stocks make up 39% of the index’s…

U.S. Equity Market Capitalization Since ChatGPT launched, multiple expansion has contributed 25% of the surge in U.S. market cap, crushing the equity risk premium and leaving little room for error if AI demand or earnings…

S&P 500 and 10-Year Yield Correlation Daily moves in U.S. stocks and 10-year UST yields have turned sharply negative, eclipsing 2022 levels. But over the past four years, it has been the volatility of rates,…

U.S. Real GDP Growth Goldman Sachs sees little sign of the U.S. economy losing momentum, forecasting growth of 2.2% in 2026 and 2.3% in 2027, slightly above consensus, as the labor market remains resilient. Image:…

PHLX Semiconductor Index Intra-Year Declines vs. Calendar Year Returns Every year, the PHLX Semiconductor Index makes investors sit through an average 30% drawdown. But it has closed higher in 20 of the last 31 years.…