Buybacks – Share of S&P 1500 Companies Paying a Dividend or Repurchasing Stock Over the years, the share of S&P 1500 companies engaging in share repurchases has surged. In 1995, only 3% participated, while in 2023, it reached 70%, greatly enhancing shareholder returns. Image: Goldman Sachs Global Investment Research
Share of S&P 1500 Companies by Returning Cash to Shareholders Strategy Most S&P 1500 companies are returning cash to shareholders through both dividends and buybacks, which can significantly boost shareholder returns. Image: Goldman Sachs Global Investment Research
Performance – % of Active Funds Lagging Behind S&P 1500 It seems really hard to beat the market for active managers. Image: Financial Times
Performance – S&P 1500 Sub-Industry Groups Will the COVID-19 “Staying In” continue to outperform the COVID-19 “Going Out?” Image: Arbor Research & Trading LLC
Earnings Growth – Mega-Cap Growth Stocks vs. S&P500 ex Mega-Cap Growth Earnings for mega-cap growth stocks are expected to reach new highs in early 2021. That’s far better than the rest of the S&P 500. Image: Deutsche Bank Asset Allocation
Mega-Cap Growth Stocks vs. S&P500 ex Mega-Cap Growth The 10 mega-cap growth stocks hit new record highs, while the remaining 490 stocks are stuck in a range. Image: Deutsche Bank Asset Allocation
Discretionary Investor Equity Positioning vs. S&P Global Composite PMI Discretionary investor equity positioning is not reacting to changes in the global composite PMI. Image: Deutsche Bank Asset Allocation
S&P Credit Ratings Downgrades The coronavirus crisis sparks record company downgrades. Image: Oxford Economics
Valuation Metrics S&P 500 valuation metrics remain elevated by historical standards. Image: Goldman Sachs Global Investment Research
U.S. Stock Market Valuation – Cape Ratio The S&P 500’s CAPE ratio remains historically high, which could potentially lead to lower subsequent returns over the following 10 years. Image: Real Investment Advice