EM Stocks – Chinese Stock Prices Relative to EM Should investors expect a rebound in Chinese stocks? Image: Alpine Macro

Fed Funds and Balance Sheet Contraction vs. S&P 500 How will the S&P 500 perform in 2022 with the Fed’s policy changes? Image: Real Investment Advice

Buybacks – S&P 500 Index Return Decomposition Share buybacks account for a large portion of the total return of the S&P 500 Index. Image: True Insights

Valuation – Dow Jones U.S. REIT U.S. REITs look expensive vs. history. Will U.S. REITs continue to outperform U.S. stocks in 2022? Image: Topdown Charts

Federal Funds Target Rate vs. Atlanta Fed Median Wage Growth Is the Fed behind the curve on wage growth? Image: Morgan Stanley Wealth Management

U.S. Real GDP and Labor Force Is slower economic growth in the United States the new normal? Image: Alpine Macro

S&P 500 Index and 10-Year U.S. Real Interest Rates With Fed funds on the move, a rise in real rates could become a strong headwind for the S&P 500. Image: Morgan Stanley Research

U.S. 10-Year Treasury Yield Forward Curve vs. Forecast Goldman Sachs forecasts the U.S. 10-year Treasury yield at 2.00% by the end of 2022. Image: Goldman Sachs Global Investment Research

U.S. Cycle – Macro Regime Indicator The KKR’s macro regime indicator is still in the mid-cycle expansion phase. Image: KKR & Co.

S&P 500 Dividend Payout Ratio Despite a high dividend payout ratio, the S&P 500 dividend yield is near historic lows at 1.3%. Image: Scotiabank GBM Portfolio Strategy

Inflationary Pressures – WTI Crude Oil Futures Will oil prices continue to rise in 2022? Image: Morgan Stanley Research