This tag examines the valuation metrics of financial assets: equity risk premium, valuation multiples, credit spreads, relative richness across asset classes. It is not about predicting prices but about understanding what prices embed as assumptions on growth, inflation and risk. Valuation is a starting point, not a forecast.
S&P 500 companies announced roughly $880 billion of buybacks in 2025. The total share count fell by only 0.8%. The gap is the entire story — and the only metric that captures it is net shareholder yield.
Why this article matters This analysis breaks down AI-themed ETFs beyond the purely technological angle, by crossing flow dynamics, index architecture, and the macroeconomic environment. The point here is not to assess AI’s transformative potential, but to clarify the actual…
Earnings surprises in equities are now emerging as one of the earliest signals for reading the equity cycle at the start of 2026. They are no longer just quarterly noise but have become a structural indicator of the equity regime…
