S&P 500 Return – Equity Market Trends Around U.S. Capital Gains Tax Rate Hikes Equity prices tend to decline around U.S. capital gains tax hikes, but are likely to be short-lived. Image: Goldman Sachs Global Investment Research
Google Trends – Inflation Topic in United States – News Search Searches for inflation in the United States are surging this year. Will inflation materialize? Image: Deutsche Bank
S&P 500 Real Total Return and Secular Trend Has the current secular bull market several more years left to run? Image: Fidelity Investments
Excess Liquid Savings: M2 Trend vs. Actual Could excess liquid savings drive the U.S. stock market higher? Image: BofA Global Research
Trend Search for “Stock Market Bubble,” Interest Over Time Is a storm coming as searches for “Stock Market Bubble” reached an all-time high in January? Image: Morgan Stanley Wealth Management
S&P 500 Deflated by CPI and Trend Is the S&P 500 in a bubble disconnected from reality? Image: BCA Research
Goldilocks Consensus (Above-Trend Growth and Below-Trend Inflation) Goldilocks consensus has peaked in January, as only 41% of fund managers expect lower inflation and higher growth. Image: Bloomberg
U.S. Job Posting Trend Index This chart highlights the impact of Covid-19 on the U.S. job posting trend. Image: BofA
U.S. Treasury Yields Since 2003 Including U.S. Cycles and Key Trends Chart suggesting that the current move in U.S. Treasuries coincide with the recovery phase of the U.S. economic cycle. Image: Morgan Stanley Research
S&P 500 EPS vs. Trend S&P 500 earnings remain above the trend line. Image: J.P. Morgan