MOVE Index vs. S&P 500 Equal-Weighted The performance of the average S&P 500 stock is tightly linked to interest rate swings. When uncertainty over rates rises, investors reassess risk, often driving sharper price moves. Image: Deutsche Bank Asset Allocation
Consecutive Trading Days Without a 2% Drop in the S&P 500 While the S&P 500’s 108-session run without a 2% drop is striking, history offers several precedents of calm periods that were just as long—or even longer. Image: Bloomberg
Bloomberg Dollar Spot Index vs. S&P 500 Index U.S. equities have surged to record highs, even as the dollar remains under pressure amid mixed economic signals and policy shifts. Image: Bloomberg
Full-Year Real GDP Growth Trade barriers, shifting immigration policies, and broader uncertainty are expected to keep the U.S. economy from reaching its potential this year, despite ongoing technological investments. Image: Goldman Sachs Global Investment Research
S&P 500 Market Cap vs. Equal Weighted Returns Since the March–April correction, most of the gains have come from the largest stocks, which is clear from the difference between equal-weighted and market-cap-weighted S&P 500 indexes. Image: Real Investment Advice
Valuation – S&P 500 Forward P/E Multiple Despite stretched valuations by historical standards, the S&P 500 is trading near fair value, and earnings growth is set to underpin further upside as the economy gains momentum into next year. Image: Goldman Sachs Global Investment Research
Fed Fund Rate Forecasts Nomura projects two further rate cuts this year, followed by three more in March, June, and September of next year, bringing the terminal rate to 2.875%. Image: Nomura
Equity Sector Flows Money keeps flowing into industrials and financials, while energy and health care still see pronounced outflows. Image: J.P. Morgan Equity Derivatives Strategy
AAII Investor Sentiment Bull Minus Bear Spread The AAII bull-bear spread points to a balanced mood among U.S. retail investors who expect stock prices to decline in the near term—a condition that could set the stage for a sharper move in either direction. Image: Deutsche Bank Asset Allocation
Systematic Equity Positioning Systematic strategies ranking in the 92nd percentile continue to show a strong bullish bias in equities, driven by robust technical momentum. Image: Deutsche Bank Asset Allocation
S&P 500 Index Returns in September Late September is often a banana-peel moment for U.S. stocks, when markets have a tendency to slip. Image: Carson Investment Research