Ahead of the New York market open, the S&P 500 is projected to experience fluctuations, with a recent model indicating a potential loss of 0.08%. This follows a prior forecast of a 0.14% gain earlier in the day. Futures have also shown a downward trend, declining by 0.54% since the previous close. Over the past 20 days, the S&P index has generally outperformed signals from global assets correlated to risk sentiment, with a cumulative outperformance of approximately 4.99%. In the longer term, the S&P 500 has gained 33.1% over the past year, significantly outperforming the MSCI ACWI Ex-U.S., which increased by 12.4%. Additionally, the S&P 500 and Nasdaq Composite have risen by 29% and 23%, respectively, over the past three years, aligning with historical average returns. Despite recent fluctuations, the S&P's performance continues to indicate a strong position relative to global equities.