S&P 500 Price Returns by Year of Presidential Cycle While the fourth year of the presidential cycle has historically been favorable for the U.S. stock market, it tends to have lower returns compared to the third year. Image: Goldman Sachs Global Investment Research
Time Series of S&P 500 Price, Forward EPS and Price to Forward EPS The S&P 500 has returned to its January 2022 level. Image: BofA US Equity & Quant Strategy
S&P 500 Price Forecast In a soft landing scenario, Goldman Sachs has set a price target of 4,700 by mid-2024 for the S&P 500. Image: Goldman Sachs Global Investment Research
S&P 500 Price Forecast Is the S&P 500 undervalued because of the artificial intelligence boom? Image: Goldman Sachs Global Investment Research
S&P 500 Price Returns Based on U.S. ISM Manufacturing PMI Levels The U.S. ISM Manufacturing PMI between 45 and 50 is historically bullish for U.S. stocks over the next 12 months. Image: MarketDesk Research
Real S&P 500 Price vs. Real Earnings Reversion to the mean is a powerful force. Should investors expect earnings to fall futher? Image: Real Investment Advice
Peak to Trough S&P 500 Price Decline Around Recessions Could the S&P 500 fall more than 30% from peak to trough in a hard landing scenario? Image: Goldman Sachs Global Investment Research
Valuation – S&P 500 Price-to-Earnings (P/E) Ratio on Smoothed EPS The S&P 500 is still not cheap. Image: Stifel
Median S&P 500 Price Return After >25% Drawdown Should long-term investors add more risk to a diversified portfolio? Image: KKR & Co.
Performance – Industrials vs. S&P 500 Price Relative Will industrials outperform the S&P 500 in 2023? Image: BofA Global Investment Strategy
Performance – U.S. Unemployment Rate vs. UST 10-Year vs. S&P 500 Price Relative Bonds tend to outperform stocks in a recessionary labor market. Image: BofA Global Investment Strategy