Top 25 Members of the S&P 500 Another tech bubble? This table shows the 25 largest stocks in 1973, 2000 and 2020. Back in 1973, IBM was 12.74% of the market capitalization. Image: Fidelity Investments

Apple Market Capitalization in the S&P 500 Apple is now the largest weight by market capitalization in the S&P 500 over the last 40-years. Image: Strategas Research Partners

Price Return Indexes – MSCI World ex-US and US Valueline Composite Index Where is the bull market exactly? Today, the Valueline composite index, considered as a proxy for the U.S. market’s performance, stands at the…

% of Economies with Improving Manufacturing PMI vs. Previous Month Based on a 3-month moving average, 82% of economies now see an improvement in their manufacturing sector compared to the previous month. Image: Morgan Stanley…

U.S. Dollar Index and Foreign Ownership Share in the U.S. Corporate Bond Market Chart suggesting that the relationship is virtually non-existent between the U.S. dollar and net foreign purchases of U.S. corporate bonds. Image: Goldman…

S&P 500 Index Returns Final 5 Months of Year When the S&P 500 is up in April, May, June, and July, as it is this year, it tends to be bullish. Image: LPL Financial LLC

Gold and Hedge Funds Net Long Positions Gold continues to shine, but for how long? Image: Morgan Stanley Wealth Management

Global Cross Asset ETF Flows This year, global ETF flows are strong in commodities and fixed income. Image: J.P. Morgan

Seasonality of Monthly Spikes in the VIX Historically, there are higher than average VIX spikes in August, September and October. Image: BofA Global Research

T-Bill Market – Treasury Bills Since March 2020, the T-bill market has doubled in size amid strong demand. Image: J.P. Morgan