Global Manufacturing PMI Despite a slight decline, global manufacturing activity remains expansionary. Image: J.P. Morgan Asset Management

Bond Returns Will accumulated savings during the pandemic push U.S. Treasury yields lower? Image: Financial Times

Valuation – Price to Sales Ratio – S&P 500 Information Technology Index and S&P 500 Index U.S. equities look expensive by historical standards, but low rates tend to push price-to-sales ratios higher. Image: Morgan Stanley…

International Reverse Repos and U.S. 10-Year Yield The usage of the reverse repos tends to lead to lower bond yields. Image: Nordea and Macrobond

U.S. Debt to GDP Ratios U.S. government debt to infinity and beyond? Image: J.P. Morgan Asset Management

20-Year Annualized Returns by Asset Class The average American investor still underperforms the market over the long term, generally due to panic selling, emotional biases, the herding effect and lack of diversification. Image: J.P. Morgan…

Global Money Velocity Growth Global money velocity growth is back to its pre-pandemic level, around zero. Image: Oxford Economics

Tech Stocks – U.S. FAAMG vs. China BAT Should investors be more cautious about China’s crackdown on its tech giants? Image: BofA Global Investment Strategy

Equities – MSCI AC Asia Ex Japan Index (Price and EPS) and Asia Pacific Ex Japan (Inflation) Generally, stocks tend to perform well in a moderate inflationary environment. Image: Goldman Sachs Global Investment Research

Bitcoin and Moving Averages Will Bitcoin go lower? Image: Gavekal, Macrobond

Asia/U.S. High Yield Bond Spread Asian junk bonds look attractive relative to U.S. junk bonds. Image: Morgan Stanley Wealth Management