Insider Transactions Ratio The Insider Transactions Ratio (officer, director or owner of 10% or more of a class of a company’s securities) remains in the bullish zone.  Image: Barron’s

U.S. Fed Funds Rate and Financial Events History repeats itself over and over again, as Fed tightening cycles end with a financial event. Image: Deutsche Bank

Money Market Fund Assets U.S. money market fund assets rose to a new record high of $5.1tn. The prior two surges, in 2008 and 2020, the Fed cut interest rates. Image: BofA Global Investment Strategy

Fear & Greed Index – Investor Sentiment The Fear & Greed Index stands at 33, signaling fear in the U.S. stock market. Image: Cable News Network

S&P 500 Earnings Estimates Morgan Stanley expects S&P 500 earnings per share of $195 in 2023 and $241 in 2024. Image: Morgan Stanley Wealth Management

S&P 500 Borrow Cost vs. U.S. 10-Year Treasury Yield S&P 500 borrow costs remain low so far. Image: Goldman Sachs Global Investment Research

U.S. Initial Jobless Claims U.S. initial jobless claims drop slightly and remain low so far. Image: The Daily Shot

FMS Net % Expecting Stronger Economy vs. S&P 500 FMS investors turned more bearish on growth. Image: BofA Global Fund Manager Survey

U.S. Fixed Rate CMBS Index Price Commercial mortgage-backed securities prices are currently at their lowest since October 2009. Image: BofA Global Investment Strategy

FMS Investors – Net % Overweight Banks FMS investors are bearish on banks, while most banks are in very good shape. Image: BofA Global Fund Manager Survey