Valuation – S&P 500 PER and U.S. CPI Inflation Falling headline inflation in the United Sates has contributed to the increase in valuation multiples. Image: Morgan Stanley Wealth Management

90% of S&P 500 Index Components Above 50-Day Moving Average Last week, 89% of S&P 500 Index components were above their 50-day moving average. Historic overbought levels tend to lead to continued sustained and robust…

Recession – U.S. Personal Saving Rate vs. U.S. Unemployment Rate Rising personal saving rates tend to be associated with economic downturns or recessions. Image: BofA Global Investment Strategy

TIPS Flows TIPS saw inflows for the first time since August 2022. Image: BofA Global Research

U.S. Core PCE Inflation Goldman Sachs still expects U.S. core inflation to continue to decline. Image: Goldman Sachs Global Investment Research

Returns – Dow Jones 11-Day Win Streaks Historically, bulls smile when the Dow Jones achieves an 11-day winning streak. Image: Carson Investment Research

Duration and Magnitude of Major Nonrecessionary S&P 500 Index Declines According to Morgan Stanley, the current bear market rally in U.S. equities remains within historical norms. Image: Morgan Stanley Wealth Management

Oil – Brent Fair-Value Model J.P. Morgan expects Brent oil prices to exit the year at $86/bbl. Image: J.P. Morgan

Returns – Dow Jones Eight Day Win Streaks In bull markets, it is common for the Dow Jones to have winning streaks lasting eight days. Image: Carson Investment Research

FMS Investors and Profit Expectations FMS global profit expectations are now more optimistic than they have been since February 2022. Image: BofA Global Fund Manager Survey

S&P 500 Performance 1-Year After Midterm Elections Historically, the S&P 500 Index has been higher a year later every time after midterm elections in November. Image: Carson Investment Research