Latest Graphs — Week of 2 Oct 2026
General and impersonal investment research. Not personal financial advice. Forecasts, valuations and model outputs are estimates and may be wrong. See Investment Disclaimer.
Ten charts, updated weekly. Each answers one question about the market or the research book with an annotated chart and three short readings: what the data shows, what we infer, and what would change the read. Every earlier week stays available below.
The median profitable stock's earnings yield is 0.5 points below the 10-year Treasury yield, the thinnest gap since the series began in 2010
Do equities still pay more than Treasuries?
Hyperscaler capex rose 81% to $566bn while free cash flow fell 38% to $126bn
Is hyperscaler free cash flow keeping up with spending?
The ten largest companies' net income is 3.6 times its 2019 level; the other 788 names' is 1.7 times
Are the largest companies still out-growing everyone else?
The 30-year Treasury yields 5.28%, higher than on 88% of days since 2000, 3bp below its Aug 2026 high, the highest since 2007
Where does the 30-year yield sit in its history?
The market explains 7% of the median name's daily variance over the last year, below every calendar year since 2015 (average 28%)
How much of each sector's moves is explained by the market?
SPY's realised volatility is 8.4%, lower than on 85% of days since 2000
Is realised volatility low or high against history?
5 of 11 sectors trade in the top fifth of their own P/E history since 2010; Staples is at its 97th percentile
Which sectors are expensive against their own history?
SPY is within 3% of its 52-week high, yet net new highs are negative at -0.6% of the book
Are more names making highs than lows?
Over the last eight quarters a miss cost a median 2.1% around the report; a beat earned +0.8%
How do prices react to beats versus misses?
Deducting stock pay cuts the median free-cash-flow yield from 4.4% to 3.8%; in Comm Services stock pay equals 37% of free cash flow
How much of the free-cash-flow yield is paid in stock?