Valuations – Software vs. World ex. TMT and Technology vs. World TMT Valuations in global tech and software have narrowed sharply, with forward P/Es at their lowest level relative to world equities in more than five years. That could mark a buying window, assuming earnings momentum stays intact. Image: Goldman Sachs Global Investment Research
U.S. Heavy Truck Sales and Recessions (Leading Indicator) U.S. heavy truck sales slightly in March to 342K (annualized). Before recessions, heavy trucks sales tend to peak and then decline, providing insights into the overall health of the U.S. economy as a leading economic indicator. Click the Image to Enlarge
U.S. Tech – 3-Month Change in Price vs. 3-Month Change in FY2 EPS Until recently, U.S. tech earnings and stock returns have run hand in hand. With the correlation breaking down, dips are looking more like entry points, supported by solid growth prospects tied to AI adoption. Image: Goldman Sachs Global Investment Research
Oil Prices vs. U.S. Inflation When oil climbs, inflation usually follows, lifting energy and transport costs that spread through the economy. The result often weighs on stocks, as tighter profit margins and softer consumer spending feed through the market. Image: Real Investment Advice
1000 Point Advances for the Dow Jones Industrial Average The Dow posted its 25th intraday gain of more than 1,000 points yesterday, with 23 coming during Trump’s presidency. Everyone wants to catch the big move, but the hard part is not missing it. Image: Carson Investment Research
Valuation – PEG Ratio Between the U.S. and the Rest of the World The valuation premium of U.S. equities versus the rest of the world, through the PEG lens, has narrowed in recent months. But U.S. growth expectations still justify some of that premium. Image: Goldman Sachs Global Investment Research
U.S. Fund Flows Since 2019, both cash and bonds have drawn substantial inflows, as investors have shifted toward perceived safety and income‑generating assets amid heightened macro uncertainty and evolving central‑bank policy. Image: Goldman Sachs Global Investment Research
Magnificent Seven 12-Month Forward P/E Valuations for the Magnificent Seven have come down meaningfully from their recent highs. That doesn’t necessarily make them cheap, but the risk‑reward looks far more balanced. Valuations make more sense now. Image: Goldman Sachs Global Investment Research
Global Equities Performance Since spring 2025, U.S. stocks have underperformed relative to other major markets, breaking a long streak of outperformance. A weaker dollar has added momentum to global diversification, especially among overseas investors. Image: Goldman Sachs Global Investment Research
S&P 500: What Happens If You Miss the 10 Best/Worst Days Missing the S&P 500’s best days is the usual warning, but avoiding its worst stretches is what preserves capital. Protecting downside often matters more than chasing upside. Image: Topdown Charts
Length of Bull Markets and When They Started Born in October 2022, this bull market is young by market history. It may have more fuel in the tank than the bears would like to admit. Too many forget just how early this bull market still is. Image: Carson Investment Research