Fed Funds Rate Less Year-Over-Year Change of Consumer Price Index The difference between the fed funds rate and the CPI is the largest on record. Image: Morgan Stanley Wealth Management

Real U.S. 30-Year Interest Rates How long will real U.S. 30-year interest rates remain negative? Image: BofA Global Investment Strategy

European Stocks – STOXX Europe 600 Price Level and Forecasts Goldman Sachs expects the STOXX Europe 600 at 530 in 2022. Image: Goldman Sachs Global Investment Research

Cash – U.S. Corporate Liquid Assets How long can the U.S. stock market keep rising? U.S. companies are sitting on $7 trillion in cash. Image: BofA Research Investment Committee

Correlation Between Cyclically Adjusted P/E and Forward Returns The current Shiller P/E suggests that U.S. equity investors should expect anemic returns over the next 10 years. Image: Goldman Sachs Global Investment Research

U.S. 2/10 Yield Curve Historically, the U.S. 2/10 yield curve tends to flatten on average 16 months after the S&P 500 low. Image: Strategas Research Partners

Hit Ratio of Cash Relative Performance for Different Investment Horizons Will bonds underperform cash? Image: Goldman Sachs Global Investment Research

Gold and the Misery Index The divergence between gold and the misery index is widening. Image: BofA Global Research

U.S. Headline CPI Inflation Forecast U.S. headline CPI inflation is expected to moderate sharply in early 2022. Image: Oxford Economics

Performance – Global X Uranium ETF Are the stocks of companies involved in uranium mining on the way to the moon? Image: The Daily Shot

Global PMI Breadth Global PMI breadth is very impressive and encouraging. Image: Topdown Charts