Friday charts: Feel free to disagree

Key Points

1. US equities reached all-time highs despite political tensions, suggesting market resilience.

2. Partisan biases affect economic forecasts, with Republican-affiliated forecasters projecting higher growth under Republican presidencies.

3. Meta reports high returns on AI investments, with strong ad targeting generating significant revenue.

4. The US stock market is narrow and expensive, with Nvidia dominating a large share of the S&P 500.

5. Google's Genie 3 LLM outperformed OpenAI's GPT-5, leading to higher market confidence in Google's AI capabilities.