Macroeconomics

Weekly Market Monitor

July 18, 2025 | 3 minute read
Our weekly Market Monitor, curated by our Strategic Advisory Solutions team, features a thematic chart and highlights key economic events and data releases driving the past week’s market moves.

Chart of the Week: Beneath The Surface

Resilient economic data, continued strength in the mega-cap tech space, and improved investor optimism have helped the S&P 500 reach fresh all-time highs, recovering its losses from earlier this year. However, even with the index at its peak, the median S&P 500 stock is still 11% below its 52-week high. While we believe the S&P 500 may continue to move higher as market breadth improves beyond the mega-cap space, this dispersion underscores the critical importance of employing dynamic investment strategies to navigate evolving market conditions and capitalize on opportunities within the index. 

Chart of the Week

Source: GS GIR and GS Asset Management. As of July 11, 2025. Chart shows different indices, as well as the median S&P 500 stock’s, distance from their respective 52-week high in terms of price level. Past performance does not guarantee future results, which may vary. For illustrative purposes only. 'We' refers to Goldman Sachs Asset Management.

Download the full document, which includes the chart of the week and a summary of market returns and economic activity over the week. On pages 2 and 3, we further recap equity sector, size and style returns, global index returns, as well as rates and spread movements and a monthly snapshot of global equity valuations.

Weekly Market Monitor
Our weekly Market Monitor, curated by our Strategic Advisory Solutions team, features a thematic chart and highlights key economic events and data releases driving the past week’s market moves.
weekly market monitor
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