Value Stocks – U.S. 10-Year Treasury Yield and U.S. Value / U.S. Growth Is the value rotation in the U.S. stock market over? Image: Gavekal, Macrobond

90-Day Moving Correlation Between U.S. 10-Year Treasury Bond and FAANGM Stocks Rising bond prices tend to be bullish for FAANGM stocks. Image: Alpine Macro

Performance – Early Cycle Sectors Relative to S&P 500 Should investors continue to underweight early cycle sectors during the mid cycle transition? Image: Morgan Stanley Research

U.S. Stocks – Percentage of All Sell-Side Ratings That Are Buy or Overweight Wall Street analysts are very bullish on U.S. stocks. Image: Financial Times

Households – Global Excess Savings Could excess savings drive global stock markets higher? Image: Goldman Sachs Global Investment Research

Net EUR Positioning Asset managers and non-commercial traders have decreased their net long positions in the euro. Image: Goldman Sachs Global Investment Research

Exchange Rate, Yen Per Dollar and 10-Year Real Yield, U.S. Less Japan The disconnect in real rates extends to the currency market. Image: Morgan Stanley Wealth Management

S&P 500 Equity Risk Premium and Yield Gap U.S. equities remain attractively valued relative to bonds. Image: Goldman Sachs Global Investment Research

Federal Reserve Bank of New York Weekly Ecocomic Index and U.S. 10-Year Treasury Yield While the U.S. 10-year Treasury yield tends to follow the direction of macroeconomic indicators, it has decoupled from fundamentals. Image: Morgan…

Dow Jones Real Corporate Bond Yield The real yield on IG corporate bonds is now at its lowest since 1980. Image: BofA Global Investment Strategy

S&P 500 3-Month Seasonality Returns and Percentage of Time Up – Presidential Cycle Year 1 S&P 500 seasonality is more bearish in Presidential cycle year 1, from late summer into the fall. Image: BofA Global…