Various S&P 500 Index 6-Month Returns May-October is often seen as the weaker stretch for U.S. stocks, averaging just 2.1%. But when April rallies more than 5%, history flips the script: since 1950, the S&P 500 has averaged a 6.6% gain, with a median return of 10%. Image: Carson Investment Research
Risky vs. Safe Assets Fund Flows Over the past four weeks, inflows into risk assets have outpaced those into safer funds, pointing to a shift in investor appetite toward higher-return bets. With confidence rebuilding, markets are tilting back toward risk. Image: Goldman Sachs Global Investment Research
Hyperscaler Quarterly Capex Growth Over the next few quarters, hyperscalers are set to slow capex growth, which could drag on valuations while leaving them more vulnerable in the supply-strained battle for AI leadership. Image: Goldman Sachs Global Investment Research
U.S. New Private Housing Units Authorized by Building Permits and Recessions In March, U.S. building permits declined to 1.372 million, below expectations. Historically, building permits tend to peak and then decline prior to economic recessions. Image: Federal Reserve Bank of St. Louis
S&P 500 Average Monthly Returns Since 1964 July has historically treated U.S. equities well, delivering average gains of 0.8% since 1964. If seasonality plays out again, bulls may have room to run through the summer before September, a month that has tended to disappoint. Image: Real Investment Advice
Returns – S&P 500 Price Index and Implied Trend Growth Rate The S&P 500 sits squarely in the middle of its post-GFC trend channel, hardly stretched, but far from a bargain. Image: Deutsche Bank
Discretionary Positioning and Ex-MCG & Tech Earnings Growth Discretionary positioning continues to lag earnings growth beyond MCG and Tech, leaving upside on the table if revisions hold and macro risks stay in check. Image: Deutsche Bank Asset Allocation
Typical Path of S&P 500 Bottom-Up Consensus EPS Estimate Analysts usually trim EPS estimates in the first four months of the year. Not this time. In 2026, revisions are heading higher, fueled by AI optimism and backed by confident management guidance. Image: Goldman Sachs Global Investment Research
Equity Sector Flows Money continues to pour into industrials, energy and materials, underscoring the ongoing tilt toward cyclical plays. Image: J.P. Morgan Equity Derivatives Strategy
S&P 500 Index Returns Past 10 Years (May – October) May-October is often seen as the weaker stretch for the S&P 500, but the track record tells a different story. Over the past decade, the index has finished that period in the red just once, which should keep bulls comfortable. Image: Carson Investment Research
S&P 500 Performance Since Start of the Year AI is no longer just a buzzword lifting mega-cap names, it is actively driving earnings growth and boosting productivity across corporate America. Since the start of the Q1 reporting season, the S&P 500 has gained 5.1%. Image: Deutsche Bank Asset Allocation