S&P 500 Returns After Down >15% YTD and Comes Back to Up Double Digits Momentum favors the bulls. Each time the S&P 500 has dropped more than 15% but roared back to finish the year with double-digit gains, the next year has also kept the rally alive with double-digit returns, without a miss since 1950.…
The Largest Cumulative Losses Before Young/Start-Up Companies Turned a Profit As OpenAI’s revenue rises, the question looms: can it reach profitability by 2029 while spending so heavily to fuel the AI race? Image: Deutsche Bank
U.S. Valuations: PE10 Ratio The PE10 ratio points to U.S. mid- and small-cap stocks as a valuation sweet spot and potentially poised for better future returns than large caps. Image: Topdown Charts
S&P 500 and Equity ETF Flows ETF equity inflows aren’t necessarily a sell signal for the S&P 500 right now, but they spotlight a market chasing risk. With stocks and flows climbing fast together, sentiment could face a tougher stretch in 2026. Image: Strategas Asset Management
Hyperscaler Capex Heading into 2026, hyperscalers are projected to experience a deceleration in capex growth that could weigh further on valuations. Image: Goldman Sachs Global Investment Research
U.S. Treasury Index – Annual Return U.S. Treasuries are on track for their strongest annual performance since 2020, lifted by Fed rate cuts and a cooling labor market that is fueling bets on more monetary easing. Image: Bloomberg
Real S&P 500 Index The current market cycle still feels incomplete. After strong rallies, markets often retreat to test previous highs. That pullback, though painful, often clears the air and sets up the next move higher. Image: Real Investment Advice
S&P 500 Returns in December During Year One of the Presidential Cycle U.S. stocks have finished December in the red during the first year of the presidential cycle just once in the past 40 years, a record strong enough to keep the bulls smiling with an average 1.9% gain. Image: Carson Investment Research
Data Centre Electricity Consumption by Country (Forecast to 2030) Data center electricity use may triple by 2030 due to AI growth, straining energy infrastructure, challenging capacity, sustainability, and reliable power supply across global grids. Image: Deutsche Bank Research
Median S&P 500 Performance After Fed Cuts Rates The S&P 500 has typically rallied about 50% in the two years after the Fed begins cutting rates. But when those cuts hit during recessions, those gains often don’t last. Image: Deutsche Bank
Median U.S. 10-Year Treasury Yield Performance in Fed Rate Cuts Cycles Fed rate cuts usually pull short-term yields lower, but long Treasury bonds don’t always fall in line. Inflation expectations, shifting bets on future policy, or a flood of new debt can just as easily push them higher. Image: Deutsche Bank