Performance – KBE/SPY Ratio vs. U.S. 10-Year Government Bond Yield With rates rising rapidly, will bank stocks outperform the S&P 500? Image: The Daily Shot

Frontier Markets Relative Performance Should long-term investors have frontier stocks in their portfolios, as FM valuations are decent? Image: Topdown Charts

Valuation – S&P 500 Average Trailing P/E Ratio by Inflation Rate Historically, highest valuations in the S&P 500 are achieved when inflation is below 3%. Image: Morgan Stanley Wealth Management

The Average Trajectory of the S&P 500 Before and After the First Fed Rate Hike over the Previous 10 Fed Tightening Cycles With rates rising rapidly, will the S&P 500 continue to rally? Image: J.P.…

Inflation – German PPI YoY German PPI jumped 25.9% YoY in February, the highest since 1949. Image: BofA Global Investment Strategy

Global Financial Stress Indicator vs. OFR Financial Stress Index How long will the BofA global financial stress indicator remain high? Image: BofA Global Research

Long-Term Treasury Yield – The Great Bond Bull and Bear Markets Is a great bear bond market underway? Image: BofA Global Research

S&P 500 Equity Risk Premium vs. U.S. Agg OAS Spread to Treasuries The S&P 500 equity risk premium remains too low relative to IG credit spreads. Image: Morgan Stanley Research

MSCI EM Market Weights Despite the recent sell-off, China remains the largest market in MSCI EM. Image: Goldman Sachs Global Investment Research

Rates – 6-Month Change in U.S. 2-Year Yield This is the largest 6-month change in U.S. 2-year rates since mid-1994. Image: BofA Global Research

Investing Strategy – Long/Short Basket of Most Overweight and Underweight Stock Performance Buying the 10 most underweight stocks and selling the 10 most overweight stocks has been a good strategy in most years. Will this…