Margin Debt to U.S. Market Cap While margin debt has been rising, its share of total U.S. market value still sits at manageable levels. That keeps leverage risks in check and suggests investors could take on more borrowing if equities keep their momentum. Image: Bloomberg
Citi U.S. Earnings Revision Index and S&P 500 Index The S&P 500’s bull market remains firmly in place, with upside potential into 2026 fueled by earnings upgrades and upbeat corporate guidance. Image: Bloomberg
S&P 500 – Total Real Return of $1000 Investment with Dollar Cost Average vs. Valuations Sure, dollar-cost averaging can dull the pain of bad timing, but it won’t erase it. Even with the Fed’s heavy hand, recovery from a bear market rarely happens overnight. Image: Real Investment Advice
S&P 500 After Four Months Above the 50-Day MA Ends A break below the 50-day moving average after four months of strength might set off alarm bells, but history has usually rewarded patience. The S&P 500 index has gained roughly 10% a year later since 1950. Image: Carson Investment Research
NYSE Margin Debt and S&P 500 Margin debt on the NYSE has seen the second fastest spike on record over the past six months. Spikes in margin debt at a much faster pace than broad market returns have sometimes preceded market peaks. Image: Deutsche Bank
U.S. Equity Volatility vs. Credit Volatility Credit markets are calm, with volatility running below its long-term average, but equity volatility tells a different story, pointing to a more anxious tone in stocks. Image: Fundstrat Global Advisors, LLC
S&P 500 Consecutive Trading Sessions Above 50-Day Moving Average The S&P 500’s 138-day rally above its 50-day moving average has come to an end, snapping the index’s second-longest run this century and putting volatility back in the spotlight. Image: Bloomberg
Rolling 6-Month % Change in the S&P 500 Following a six-month rally that sent the S&P 500 soaring 23% through October 2025, investors are beginning to wonder if the market still has fuel in the tank. History suggests sustaining this pace won’t be easy. Image: Deutsche Bank
Global Equities Performance The 2025 stock rally is spreading across regions, powered by strong gains in Europe and Asia while U.S. equities trail. Broad participation like this tends to keep bull runs alive longer than consensus forecasts. Image: Goldman Sachs Global Investment Research
Discretionary Investor Positioning With positioning at the 30th percentile, discretionary investors are keeping their guard up amid mixed economic signals and market volatility. Image: Deutsche Bank Asset Allocation
Healthcare Positioning Healthcare positioning sits in neutral territory at the 55th percentile, with steady momentum suggesting room for further gains. Image: Deutsche Bank Asset Allocation