Recent analysis indicates that the S&P 500 index has consistently outperformed global assets correlated to risk sentiment over the past 20 days. Cumulatively, the S&P has exceeded model expectations by 5.93% as of December 19, 2024. This trend highlights the S&P's resilience compared to other asset classes, particularly in light of the ongoing rally in key futures, which has shown the best year-to-date performance since 1990. Additionally, Goldman Sachs' sector model for U.S. equities suggests a probability increase for sectors to outperform the index by 5 percentage points or more over the next six months.