CEO Confidence vs. U.S. Business Capex Weak CEO confidence does not bode well for capex. Image: Gavekal, Macrobond

Market – Biotech ETF vs. Real Estate ETF Price Relative How could investors determine a market reversal? Watch biotech (deflation) to print low vs. real estate (inflation). Image: BofA Global Investment Strategy

University of Michigan Consumer Sentiment vs. Recessions Historically, lows in consumer sentiment precede strong stock returns. Image: Morgan Stanley Research

S&P 500 and Fed Balance Sheet Will QT have less impact on markets than investors expect? Image: Richardson Wealth

Single Stock Option Volumes Call option volumes have fallen sharply from the high levels of the pandemic euphoria. Image: Deutsche Bank Asset Allocation

U.S. Treasury Market Depth The U.S. Treasury market depth remains very low since the Russia-Ukraine conflict. Image: Goldman Sachs Global Investment Research

Equity Fund Flows vs. ISM Manufacturing Will equity fund inflows continue to slow as the U.S. economy decelerates? Image: Deutsche Bank Asset Allocation

ISM Manufacturing Index vs. S&P 500 Positive Sales Surprises Should U.S. equity investors expect small positive sales surprises ahead? Image: Morgan Stanley Wealth Management

U.S. Equities – Margin Debt and S&P 500 Is the sharp decline of margin debt a contrarian bullish signal for U.S. stocks? Image: Morgan Stanley

Inflation – Core PCE and CPI Core PCE and core CPI are expected to decline substantially in 2022 and 2023. Will the Fed be more dovish than expected? Image: Goldman Sachs Global Investment Research

The Evolution of Recession and Expansion Lengths Long expansions are not necessarily followed by deeper recessions. Image: Scotiabank GBM Portfolio Strategy