Chart of the week

Showing 1–6 insights out of 88 results
May 9, 2025
By Research
2 minute read
Chart of the week

Public markets take a winding, volatile roundtrip in 2025

Despite significant volatility this year, markets have yet to price in any meaningful economic slowdown, posing potential risks and opportunities.

Column chart showing a range of valuation metrics across equities and credit markets at the start of 2025 and as of May 7, 2025. The S&P 500 came into the year with its forward price/earnings ratio in the 93rd percentile relative to recent history, while credit spreads were testing their post-Global Financial Crisis tights. Despite the significant volatility markets have seen so far this year, equity valuations have generally held steady, while valuations for foreign stocks have risen. Credit spreads have widened across bonds and loans, though remain tighter than historical average. Public markets have yet to price in any meaningful economic slowdown despite still significant macro uncertainty.
Apr 25, 2025
By Research
2 minute read
Chart of the week

Mid-market PE managers less impacted by slowing IPOs

Private equity sponsor-to-sponsor exits have seen notable growth over the past five years, creating a ripe environment for middle market PE managers.

Column chart showing the change in private equity exits by channel over the past year and five years. Sponsor-to-sponsor exits saw the greatest increase over both time periods—141% over the 1-year period and 26% over the five-year period. Exits via IPO—a preferred avenue for large-cap PE sponsors—jumped in 2024 but fell nearly 50% over the past five years. The evolution in exits by channel highlights one benefit for middle market PE sponsors: greater exit optionality.
Apr 4, 2025
By Research
2 minute read
Chart of the week

Domestic resilience in vogue amid selloff

S&P firms with a global focus have been at the heart of this year’s selloff. U.S.-oriented firms have skirted trade tensions and fared better.

Line chart that splits the S&P 500 based on revenue sources: Higher-than-average foreign (black line) vs. domestic (orange line). Amid rising trade tensions, the 250 companies with the highest percentage of domestic sales have significantly outpaced those that derive more revenue from foreign sources.
Mar 14, 2025
By Research
2 minute read
Chart of the week

Small cap stocks confront growing quality issues

70% of Russell 2000 companies that have IPO’d since 2020 have negative earnings, highlighting the challenges facing public small cap markets.
Jan 24, 2025
By Research
2 minute read
Chart of the week

Middle market private equity: Growth at a reasonable price

Private middle market companies offer attractive growth at cheaper valuations than either large/mega-cap private firms or public equities.

Dec 20, 2024
By Research
2 minute read
Chart of the week

Investor sentiment outpacing earnings?

Investor sentiment has raced to all-time highs. Could investors be overlooking potential volatility drivers, including moderating earnings forecasts?

Line chart contrasting the S&P 500’s relatively straight path higher this year with earnings forecasts for 2025, which have clearly decelerated during recent months.
Showing 1–6 insights out of 88 results

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