Category: Blog

Materials Group Positioning Sitting at the 65th percentile, positioning in materials signals confidence creeping back into the sector—without yet crossing into euphoria. Image: Deutsche Bank

Cumulative Change in Real S&P 500 and Real Profits Earnings remain solid, especially in tech, but the widening gap between the real S&P 500 index and real corporate profit growth suggests investors may be chasing momentum more than fundamentals. Image: Real Investment Advice

Market Capitalization – United States vs. Asia vs. Europe Wall Street has smoked global rivals on roaring earnings, fat margins, and deep capital. But, sky-high prices and overheated expectations could break its stride. Image: Goldman Sachs Global Investment Research

World Portfolio The world’s portfolio remains tilted toward the U.S.—in both stocks and bonds. Gold holds a modest 6%, while crypto barely cracks 1%. Image: Goldman Sachs Global Investment Research

Valuation – S&P 500 Median P/E Ratio The S&P 500’s median P/E ratio sits at 26.2—a level that leaves stocks looking pricey and raises the odds of thinner returns or a valuation pullback if history is any guide. Image: Ned Davis Research

Fed Funds Rate and 10-Year U.S. Treasury Yield The S&P 500’s record-breaking rally shows no signs of cooling, with market participants now positioning for another Fed rate cut on October 29 to fuel the next leg higher. Image: Goldman Sachs Global Investment Research

Breakdown of Household Equity and Mutual Fund Ownership by Wealth Percentile Call it the American Dream—or a widening divide. The top 1% own roughly half of America’s market wealth. The bottom half? Just 1%. The gap isn’t closing—it’s widening since 1990. Image: Goldman Sachs Global Investment Research

U.S. ETF Flows Cash is flooding into U.S. ETFs—over $1 trillion so far in 2025—a record-breaking surge running more than three times the usual seasonal pace as investors chase diversification and tactical flexibility. Image: Bloomberg

Gold 6-Month Rolling Return Gold just clocked one of its largest 6-month rallies. ETF inflows are surging, physical demand refuses to cool, and the move looks more structural than speculative. Image: Goldman Sachs Global Investment Research

Foreign Investor Ownership Share of U.S. Equity Market With foreign investors holding a record 18% of U.S. stocks, they are chasing the American dream, piling into U.S. equities on hopes that President Trump keeps the bull run alive. Image: Goldman Sachs Global Investment Research

Largest Company in Terms of Market Value in the S&P 500 in Each Year Since 1955 The market’s biggest players usually cluster in the sector riding the economic zeitgeist—and right now, that’s tech. It’s where innovation happens, growth speeds up, and investors chase the next breakout story. Image: Goldman Sachs Global Investment Research