Margin Debt as Percentage of M2 (Measure of Leverage) Leverage lifts returns when markets climb but reveals the weak spots when sentiment turns. Margin debt, as a share of the money supply, now stands at its highest since the dot‑com boom. Image: Real Investment Advice
Gold to S&P 500 Ratio Gold’s outperformance has pushed the Gold-to-S&P 500 ratio to its highest since 2013, signaling a defensive shift but not yet the kind of rush to safety seen during crisis years. Image: Goldman Sachs Global Investment Research
Valuation Ranges of MSCI World Styles Indices Across markets and styles, valuations remain lofty amid AI-driven optimism and market concentration, forcing investors to pick their spots carefully. Image: Goldman Sachs Global Investment Research
MSCI World Performance vs. U.S. Dollar Index The link between the US dollar and global equities is often decisive. A softer dollar usually lifts stock markets worldwide, while a firmer one tends to weigh them down. Image: J.P. Morgan
Risky vs. Safe Assets Fund Flows A tilt toward safe assets shows investors growing wary of market risk and intent on protecting capital. Image: Goldman Sachs Global Investment Research
Bloomberg’s Global 60/40 Equity/Fixed Income Portfolio The global 60/40 portfolio has hit a record high, showing fresh momentum and reaffirming its role as a cornerstone for investors seeking balance and steady long-term gains. Image: Deutsche Bank
S&P 500 Returns When January Is Up Between 0-2% The bulls have history on their side: when the S&P 500 gains between 0% and 2% in January, the next 11 months have gone higher 92% of the time since 1950, posting a median gain of 13.6%. Image: Carson Investment Research
Gold Price vs. S&P 500 Gold has recently surpassed $5,000 per ounce, but it still looks cheap next to a balanced 50/50 portfolio of U.S. stocks and Treasuries. Image: Bloomberg
Returns for Major Global Financial Assets Markets kicked off the year with solid gains in January, lifted by upbeat economic data that kept investors piling into risk assets. The S&P 500 briefly topped 7,000 for the first time, setting an optimistic tone for the months ahead. Image: Deutsche Bank
U.S. and Global Economic Surprises Global economic surprises have surged to a two‑year high, with the U.S. gaining momentum, a mix that usually bodes well for stocks and credit in the near term. Image: Societe Generale Cross Asset Research
Monthly Net Flow to U.S. Bitcoin ETFs Bitcoin has dropped over 30% since its October 2025 peak, a slide deepening in a market still pressured by relentless ETF outflows. But for crypto veterans, this kind of turbulence is just part of the ride. Image: Bloomberg