S&P 500 and VIX The simultaneous rise in the VIX and the S&P 500 is unusual and a red flag. Image: BofA Global Research

Small Cap Stocks – S&P 500 Index/S&P 600 Index Is the party over for small cap stocks, as large caps outperform small caps again? Image: Morgan Stanley Wealth Management

S&P 500 – Historical Buy-The-Dip Trend The buy-the-dip trend is declining, with the market recovery time reaching a new all-time low in 2021. Image: BofA Global Research

YoY Change in S&P 500 Companies’ Mentions of “Inflation” Per Earnings Call vs. CPI YoY Historically, the S&P 500 tends to lag during periods of high inflation. Image: BofA Global Research

S&P 500 Uninterrupted Bull Markets Without -10% Swing Down Since 1950, there has been an average of one 10% correction per year for the S&P 500 Index. Image: Nautilus Research

1-Month Correlation with the S&P 500 The equity/bond correlation has risen back above zero, driven by real rates. Image: Goldman Sachs Global Investment Research

U.S. Real GDP Growth Forecast Is a period of inflation combined with a decline or stagnant U.S. GDP on the horizon? Image: BofA Global Investment Strategy

Gold Price and U.S. Real Yields (Inverted) Has gold lost some of its lustre? Image: Richardson Wealth

Real S&P 500 and U.S. Consumer Sentiment and Median Expected Inflation U.S. consumer sentiment remains weak as inflation could dampen the economic recovery and consumer spending. Image: BCA Research

S&P 500 Seasonality Since 1985 Chart showing the S&P 500 seasonality from 1985 to 2019. This is not a forecast. Image: Goldman Sachs Global Investment Research

U.S. Debt per Capita U.S. debt per capita is surging, reaching the current level of $82,000. Image: BofA Global Research