S&P 500 in Real Terms The S&P 500 deflated by U.S. CPI has retraced its entire COVID bull market. Image: BofA Global Investment Strategy

First New High in at Least Four Months for the S&P 500 Advance/Decline Line The new all-time high for the S&P 500 advance/decline line last week tends to be bullish for U.S. stocks. Image: Carson…

Housing – USA Case-Shiller House Price Will U.S. house prices go down soon? Image: Nordea and Macrobond

Brent Crude Oil and Saudi Arabia Stock Market (Leading Indicator) Will oil prices remain high as global demand for oil continues to rise? Image: BofA Global Investment Strategy

Consolidated Equity Positioning and ISM Manufacturing Is the summer rally over for U.S. stocks? Image: Deutsche Bank Asset Allocation

S&P 500 Earnings Revisions Breadth Should U.S. equity investors expect further downward earnings revisions? Image: Morgan Stanley Research

U.S. Labor Market – Multiple Jobholders, Primary and Secondary Jobs Full Time More Americans are taking on second jobs as the cost of living increases. Image: The Daily Shot

Rates – U.S. 10-Year Real Interest Rate How long will real U.S. 10-year interest rates remain negative? Image: BofA Global Investment Strategy

Gold in U.S. Dollar vs. Gold in Japanese Yen vs. Gold in Euros Should markets be worried about an international liquidity crisis? Image: Gavekal, Macrobond

FMS Investors – Net % Say Value Will Beat Growth Will growth stocks outperform value stocks? Image: BofA Global Fund Manager Survey

ISM Manufacturing PMI Headline vs. ISM Manufacturing New Orders – Inventories The ISM New Orders less Inventories suggests a lower ISM Manufacturing PMI. Image: Morgan Stanley Research