S&P 500 – >20% YTD Return at the End of October When the first 10 months are up more than 20%, the final two months of the year tend to be bullish for U.S. stocks.…

CPI Inflation in Six DM Economies As inflation persists, will the Fed raise interest rates more than the market expects? Image: BofA Global Research

Financials and Energy Flows Flows into financials and energy have stalled. Image: BofA Global Investment Strategy

Prediction Market Odds of U.S. Corporate Tax Rate in 2022 Is a corporate tax hike unlikely? Image: Goldman Sachs Global Investment Research

Consensus EPS Revision Consensus EPS estimates for 2021 and 2022 have plateaued. Will U.S. stocks continue to do well? Image: BofA US Equity & Quant Strategy

G3 Credit Impulse and Global Manufacturing PMI (Leading Indicator) G3 credit impulse tends to lead global manufacturing PMI by 12 months. Image: Nordea and Macrobond

Investing in the S&P 500 Index Is the S&P 550 a buy at any time for long-term investors? Image: Goldman Sachs Global Investment Research

U.S. GDP Forecasts BofA expects U.S. GDP to grow at 6% annual rate in Q4 2021. Image: BofA Global Research

S&P 500 Quarterly Operating Earnings per Share Over the past eighty years, the median long-term annual growth rate in earnings for the S&P 500 is about 8%. Image: Richardson Wealth

S&P 500 Dividend Yield – U.S. CPI Inflation YoY The S&P 500 dividend yield minus CPI inflation has turned deeply negative. Image: The Daily Shot

2-Year Government Bond Yield Moves in Selected Countries Bond traders expect monetary policy to tighten. Image: Deutsche Bank