S&P 500 Median Forward EPS Drawdowns The risk to U.S. equities remains earnings, as an earnings recession is not priced in. Image: Morgan Stanley Research

U.S. Breakeven Inflation Rates vs. Oil Will U.S. inflation remain high? U.S. breakeven inflation rates are highly correlated with oil prices. Image: Real Investment Advice

Size of S&P 500 10%+ Corrections It’s the 4th worst non-recessionary correction for the S&P 500 since World War II. Image: Deutsche Bank Asset Allocation

U.S. 2-Year Treasury Yield vs. Fed Funds Historically, U.S. 2-year Treasury yields tend to lead Fed funds by 20 weeks. Image: Richardson Wealth

S&P 500 Performance During H1 in Total Returns Terms Will the S&P 500 recover in the second half of the year after a poor first half? Image: Deutsche Bank

S&P 500 Compared to Normalized S&P 500 in 1974 and 1982 With financial conditions tightening sharply, will the S&P 500 track the 1974 analog? Image: BofA Global Research

U.S. Dollar (Inverted) vs. 10Y-2Y U.S. Treasury Yield Curve Could the U.S. dollar increase the risk of recession in the United States? Image: Morgan Stanley Wealth Management

Valuation – Nasdaq 100 Fwd P/E Could the Nasdaq 100’s valuation fall further, as economic growth slows and rates rise? Image: The Daily Shot

Web Searches for Keywords “Recession” The United States faces a growing risk of recession. Image: J.P. Morgan

S&P 500 Drawdown Is the S&P 500 predicting a U.S. recession, as the Fed is more aggressive than expected? Image: The Daily Shot