U.S. Bear Markets and Recoveries Bear markets don’t last forever. When will U.S. stocks recover from the current downturn? Image: Goldman Sachs Global Investment Research

Various September S&P 500 Index Returns Should U.S. equity investors brace for a volatile September? Image: Carson Investment Research

S&P 500 Index Alongside Recessions and Bottoms Historically, the S&P 500 tends to bottom during a recession, and usually not until mid-way through. Image: Deutsche Bank

Seasonality – Average S&P 500 Level for Midterm and Non-Election Years Historically, September has been challenging for the S&P 500 in midterm election years. Image: J.P. Morgan

ISM Manufacturing Index vs. Discretionary Investors Positioning The correlation between discretionary investor equity positioning and ISM manufacturing is quite strong at 67%.

Inflation – U.S. Headline CPI vs. Brent Crude Oil U.S. headline inflation is expected to ease amid falling oil prices. Image: J.P. Morgan

Markets Bottoms and Fed Fund Rates Should U.S. equity investors be worried when the Fed cuts rates? Image: BofA US Equity & Quant Strategy

S&P 500 and Percent of World Markets Above their 50-Day Moving Average Historically, oversold conditions in a breadth thrust regime tend to be bullish for U.S. stocks. Image: All Star Charts

ISM Manufacturing PMI vs. Cyclicals/Defensives Ratio Could the ISM Manufacturing PMI fall into contraction territory? Image: The Daily Shot

U.S. Labor Market – CEO Confidence Survey vs. Jobless Claims As CEO confidence declines, the fight against inflation could cause job losses. Image: Real Investment Advice

Estimated Impact of Commodity Prices on YoY Core PCE Inflation Goldman Sachs forecasts U.S. core PCE inflation of 4.2% in December 2022. Image: Goldman Sachs Global Investment Research