Stat 1.11 – Monthly Data Dive of 10 essential charts shaping the markets

From shifts in global reserves to the speed of Chinese EV innovation, here are a few signals that stood out:

• Central banks now hold more gold relative to US Treasuries; first time since 1996.
• Only a small set of firms deliver persistent above-median growth, far below chance levels.
• US banks are accelerating tech investments in AI, automation, and platform upgrades.
• India’s valuation premium vs EM has compressed sharply amid the AI trade.
• S&P 500 concentration is at a 45-year high, three stocks now make up 22% of the index.
• Big Tech is driving nearly all positive earnings revisions in the US for 2025.

Also in the deck:
– Chinese EV OEMs have halved time-to-market vs premium global peers
– Data-centre capex could total $6.7T by 2030, with 64% directed to servers & storage

 

Swipe through the full deck for charts, data, and our sources.
You can also download the PDF file by clicking here