U.S. Continuing Jobless Claims The U.S. labor market is cooling, as continuing claims are up 22.5% YoY. Image: The Daily Shot

Blended Money Supply U.S. money supply is shrinking rapidly. Historically, U.S. nominal GDP growth has closely tracked money supply growth. Image: Deutsche Bank

Weight of Largest Stock in S&P 500 The concentration of the largest stocks in the S&P 500 is currently at its highest level in many years. Image: J.P. Morgan Equity Macro Research

MSCI All Countries vs. Median Profit Margin All Countries Will global corporate profitability improve in the coming quarters? Image: Topdown Charts

Valuation – S&P 500 PE Ratio and Bond Yields Bond yields have an impact on the equity market multiple. Image: Richardson Wealth

U.S. Dollar Index (DXY) Goldman Sachs is less bearish on the U.S. dollar in 2023, given the weakness of the global economy. Image: Goldman Sachs Global Investment Research

S&P 500 Realized Volatility Around Previous Recession Start U.S. equity volatility looks attractive. Image: J.P. Morgan

Seasonality – Nasdaq Monthly Returns Seasonality is very useful for assessing probabilities, not certainties. This is one factor that can impact the Nasdaq price. Image: Goldman Sachs Global Investment Research

Where Will 10-Year U.S. Treasury Yield End the Year? Will the 10-Year U.S. Treasury yield end the year below 3.5%? Image: J.P. Morgan

10-Year Yield: U.S. vs. G10 excluding U.S. Should investors expect global bond yields to fall? Image: Alpine Macro

Valuation – S&P 500 Forward 12-Month Price/Earnings Ratio Are markets overly optimistic, especially for technology? Image: Morgan Stanley Wealth Management