U.S. Dollar Index YoY Change (DXY) The soaring U.S. dollar is not good news for U.S. stocks. Image: Morgan Stanley Research

U.S. Recession Probability Indicator The odds of a recession in the United States are still rising. Image: Alpine Macro

Earnings – S&P 500 Trailing 12-Month Net Income Growth vs. Fed Funds Rate Deviation from Trend (Leading Indicator) The change in fed funds rate suggests an earnings recession. Image: Morgan Stanley Wealth Management

6-Month Treasury Bill Yield vs. S&P 500 Cyclically-Adjusted Earnings Yield Should investors favor U.S. T-bills over U.S. stocks? Image: Goldman Sachs Global Investment Research

G10 Latest and Consensus Inflation Rates The inflation genie is out of the bottle, but consensus still expects inflation to drop to 2% by 2024. Image: BofA Global Research

Cases of Inflation Above 5% in Advanced Economies and Years to Decline to 2% Will it take years to bring inflation down to 2%? Image: BofA Global Research

Flows – Cumulative Weekly Inflow to Passive Equity Funds Will flows into passive equity funds continue to rise? Image: BofA Global Investment Strategy

U.K. 10-Year Government Bond Yield Daily Change U.K. bond yields soar after the U.K. pound sterling hits record low against the U.S. dollar. Image: The Daily Shot

U.S. Dollar and Peak in U.S. 2-Year Yields Will the U.S. dollar stay strong as long as the Fed remains hawkish? Image: Goldman Sachs Global Investment Research

S&P 500 Valuation and Buffett Indicator – Inflation-Adjusted Market Capitalization to GDP Ratio Buffett’s market indicator remains very elevated despite the market sell-off. Image: Real Investment Advice

Days from Peak in U.S. 2-Year Yield to End of Fed Hiking Cycles Will the U.S. 2-year Treasury yield peak before the end of the Fed’s hiking cycle? Image: Goldman Sachs Global Investment Research