Valuation – S&P 500 Price-to-Earnings (P/E) Ratio on Smoothed EPS The S&P 500 is still not cheap. Image: Stifel

Volatility – MOVE Index U.S. Treasury bond market volatility is still elevated, despite some improvement. Image: Morgan Stanley Research

Short-Term High-Grade Fund Flows Investors are putting their money back into short-term high-grade funds. Image: BofA Global Research

Equities – FANG+ Index vs. Major 5 Central Banks Index The contraction of central bank balance sheets tends to push tech giants lower. Image: Deutsche Bank

Weight of Largest Five Stocks in S&P 500 Will the weight of the five largest S&P 500 stocks continue to decline in 2023? Image: BofA US Equity & Quant Strategy

Countries by Share of the Global Economy The global economy exceeds $100 trillion for the first time. Image: Visual Capitalist

Annual Return for a 60/40 Portfolio Should investors expect the 60/40 portfolio to make a comeback in 2023? Image: Carson Investment Research

Median S&P 500 Price Return After >25% Drawdown Should long-term investors add more risk to a diversified portfolio? Image: KKR & Co.

S&P 500 EPS Growth: 12-Month Leading Indicator Should investors be worried about S&P 500 EPS growth? Image: KKR Global Macro

Volatility – Percentage of Trading Days with VIX Above 20 91% of the trading days this year, the VIX Index has been above 20. Should U.S. equity investors remain cautious? Image: S&P Global Market Intelligence