Global Real GDP Growth vs. Current Activity Indicator (CAI) Goldman Sachs forecasts global real GDP growth of 2.5% in 2023. Image: Goldman Sachs Global Investment Research

VVIX to VIX Ratio The VVIX/VIX ratio continues to rise, suggesting a period of relative complacency. Image: The Daily Shot

ATA Truck Tonnage Index The drop in truck tonnage indicates a decrease in demand. Image: Morgan Stanley Wealth Management

AAII Total Stock Allocation vs. FMS Net % Overwieght Equities Asset allocators are cautious and still underweight equities. Image: BofA Global Investment Strategy

S&P 500 Average Return the Day After a Down Day This year, the S&P 500 has gained 0.27% on average following a down day. Will U.S. stocks make a new all-time high before the end…

Eight Months Without a New 52-Week Low After Making One for the S&P 500 Eight months without a new 52-week low for the S&P 500 is a bullish sign that tends to lead to further…

Cumulative Equity vs. IG Bonds Flows Investors continue to pour their money into IG bonds. Image: BofA Global Investment Strategy

Speculative Positions in S&P 500 Futures Contracts There is still a massive short position building up against the S&P 500. Image: J.P. Morgan

S&P 500 Index The market-capitalization weighted S&P 500 index has significantly outperformed other asset classes since the beginning of the year. Image: Morgan Stanley Wealth Management

S&P 500 Performance Around Narrowing Market Breadth Episodes A sharp narrowing market breadth does not necessarily indicate a negative return for the S&P 500 over the next 12 months. Image: Goldman Sachs Global Investment Research

S&P 500 Performance when Friday is Up an Annualized Return of >55% Historically, bulls smile when the S&P 500 is up more than 55% on Friday on an annualized return. Image: Carson Investment Research