S&P 500 Rally in Comparison with Rallies in 1929, 1938 and 1974 According to BofA, the S&P 500 could peak around 3300 to 3600 between the U.S. election and inauguration. Image: BofA US Equity & Quant Strategy
Valuation – 12-Month Forward P/E and Equity Risk Premium Despite the rise in the forward 12-month P/E ratio, the equity risk premium is in line with its long-term average. Image: Fidelity Investments
Importance of the Biggest Stocks by Region With rising stock market concentration, investors are taking more risk. Image: Societe Generale Cross Asset Research
Advanced Economies Debt/GDP The coronavirus pandemic could bring the debt-to-GDP ratio of advanced economies to World War II levels. Image: Deutsche Bank
Market Capitalization of FAAMG Stocks as % of S&P 500 This chart highlights the record concentration of market cap in FAAMG stocks. Image: Goldman Sachs Global Investment Research
Market Capitalization – Five Largest Companies as Share of S&P 500 Total This chart highlights the record concentration of market cap in the five largest stocks. Image: Goldman Sachs Global Investment Research
Market Capitalization of Largest Companies as Share of S&P 500 Total Chart showing the record level of concentration in the U.S. equity market. Image: Goldman Sachs Global Investment Research
Stocks – Small Caps / Large Caps Since late March, the bull market has followed the typical recession playbook, with the Russell 2000 outperforming the S&P 500. Image: Morgan Stanley Research
U.S. Federal Debt A potential warning sign for the U.S. economy, as economic growth in Japan and Italy came to a halt after their debt-to-GDP ratios exceeded 100%. Image: Piper Sandler
% of Market Capitalization – Top 5 vs. Top 25 Companies This charts highlights the high concentration of market capitalization in the 5 and 25 largest S&P 500 companies over time. Image: Credit Suisse Research