Gold vs. Gold Implied by U.S. 10-Year Real Rate Generally, when U.S. 10-year real rates go down, gold tends to go up. Image: Goldman Sachs Global Investment Research

Markets Performance – Reflation Trade Has the reflation trade run its course already? Image: Goldman Sachs Global Investment Research

Global ETF Flows ETF equity inflows are very strong year-to-date. Image: Financial Times

Inflation – U.S. Core CPI Are there really reasons to worry about U.S. inflation? Image: BCA Research

Global Economy – FMS Economic Expectations Has the global economy growth peaked? Image: BofA Global Fund Manager Survey

Bull Markets – S&P 500 Performance in Year 1 and Year 2 Off Low and Second Year Max Drawdown Since 1950, the S&P 500 gain during the second year of bull markets has been about…

Buybacks Announced Stock buyback announcements continue to increase and that’s good news for stocks. Image: BCA Research

Bear Market – What Do You Think Will Be the Max Peak to Trough Correction for the S&P 500 in the Next 6 Months? FMS investors do not expect a bear market in the next…

FMS Investor – Small Cap Stocks Will Beat Large Cap Stocks Is the reflation trade already over? Image: BofA Global Fund Manager Survey

Labor Market – U.S. Total Job Openings Less U.S. Unemployed Persons There are now more job openings in the United States. than unemployed persons. Image: Morgan Stanley Wealth Management

Composite Valuation Indicator and Subsequent 10-Year Real Annualized Returns Should equity investors expect negative real returns over the next 10 years? Image: BCA Research