Bull Markets After Initial Fed Rate Hike Historically, the first Fed rate hike is not the end of the bull market. Image: LPL Research

S&P 500 Around the Start of Fed Rate Hike Cycle Will the S&P 500 generate positive returns during the Fed’s hiking cycle? Image: Goldman Sachs Global Investment Research

U.S. 10-Year Treasury Yield Around Fed Hike Cycles Historically, the U.S. 10-year Treasury yield tends to rise a few months before the start of the Fed’s hiking cycle. Image: Goldman Sachs Global Investment Research

China HY vs. IG and U.S. HY vs IG Total Return Relative Should credit investors look to Asia in 2022? Image: BofA Global Investment Strategy

Stocks – U.S. Equities Net Foreign Purchases Is it a warning sign if foreign investors are losing interest in U.S. stocks? Image: BCA Research

Global Fund Flows Flows into global bond and equity funds were very strong last year. Image: Goldman Sachs Global Investment Research

S&P 500 Value Index/S&P 500 Growth Index vs. 30-Year Treasury Yield The direction of long-term interest rates tends to drive the style rotation. Image: Morgan Stanley Wealth Management

U.S. 2/10-Year Treasury Yield Curve and Fed Funds Target Rate If growth remains resilient this year, then the U.S. yield curve may not flatten. Image: Alpine Macro

Equity – MSCI Russia (Local) vs. Euro STOXX 50 Russian stocks remain under pressure amid war fears. Image: Topdown Charts

Inflation – MSCI ACWI Energy vs. Consumer Discretionary Price Relative Historically, real assets tend to perform well in inflationary environments. Image: BofA Global Investment Strategy

Stocks – Chinese Stock Prices and “Blacklisted” Companies “Blacklisted” companies continue to outperform the CSI 300. Image: Alpine Macro