US Equity Sector Weights UPDATE

By: Topdown Charts

While the breadth of this cyclical bull market is adequate in absolute terms, there is no question that on a relative basis the leadership remains quite narrow. As of June, only 28% of the stocks in the S&P 500 are outperforming the benchmark. 

By: Jurrien Timmer

In my new president’s message, I share my outlook on the economy and our journey to the Federal Open Market Committee’s 2 percent inflation objective.

By: Raphael Bostic

A MUST SEE 👀

William Delwiche, CMT, CFA : We've never before had so few stocks outperforming the S&P 500.

By: Subodh Warekar

Between 2015 to 2023, the U.S. added more than 4x more new homeowner households than we did renter households. This is an important datapoint that has gone largely ignored by policymakers and headlines fearmongering about the U.S. becoming a "renter nation" due to investor purchases of single-family homes.

By: Jay Parsons

While the S&P 500 and NASDAQ 100 hits fresh ATHs yesterday, overly concentrated market leadership remains a concern.

By: Oliver Loutsenko

Mag7 stocks have added $2.3 trillion in market cap in Q2 so far... while the 493 other stocks in the S&P 500 have lost $720 billion...

By: Charles-Henry Monchau, CFA, CMT, CAIA

Two cash indicators are showing extremes: on one end, mutual fund managers have the lowest level of cash on their portfolios since mid 2021 (see chart above).

By: Gustavo A. Cano

The first quarter of the 21st century belongs to the ETF.

By: Gustavo A. Cano

We raise our S&P 500 year-end target from 5200 to 5600 (+3% from current level) driven by milder-than-average negative earnings revisions and a higher fair value P/E multiple (from 19.5x to 20.4x).

By: David Kostin