Inflation Surprise – Economic Surprise The risk of stagflation in the euro area is increasing significantly. Image: Gavekal, Macrobond

Euro Area GDP Forecasts When will euro area GDP reach the pre-crisis trend? Image: BofA Global Research

Global Basic Food Trade Dependence by Region Africa is highly dependent on imports of basic food. Image: BofA Global Research

Commodities – Lithium Price Index Is the price of lithium on the way to the moon? Image: The Daily Shot

S&P 500 Industry Group Return Macro Correlations Should investors still favor defensive value? Image: Stifel

S&P 500 YoY Percent Change vs. Debit Balances in Margin Accounts YoY Net Change Investor margin accounts tend to be closely correlated with the S&P 500. Image: Morgan Stanley Research

Return – U.S. ISM Manufacturing Index vs. U.S. Treasuries Could U.S. Treasuries represent a buying opportunity? Image: True Insights

Average S&P 500 6-Month Return Should investors ignore the old adage “sell in May and go away?” Image: Goldman Sachs Global Investment Research

Performance – S&P 500 Declines by Recessions The S&P 500 declined an average of 27.5% over the past 11 recessions. Image: BofA Global Research

Valuation – Wilshire 5000 as a Percent of GDP Warren Buffett’s favorite valuation metric remains high despite the recent sell-off. Image: Morgan Stanley Wealth Management

Nasdaq 100 / S&P 500 Ratio Has the Nasdaq 100 lost its market leadership? Image: The Daily Shot