Weekly S&P500 ChartStorm - 25 January 2026

This week: seasonality subtleties, global equities, correlations, flows, valuations, expectations, capex, and the energy sector in focus...

Welcome to the latest Weekly S&P500 #ChartStorm!

Learnings and conclusions from this week’s charts:

• Bears have the statistical edge in mid-term election years.

• Global equity bull market is going strong (+getting stronger).

• Implied correlations are low (a risk signal, similar to dot-com).

• High valuations are supported by high expectations on profitability.

• Ene…