Net U.S. Mutual Fund and ETF Flows by Year Are flows into U.S. equity mutual funds and ETFs on the way to the moon this year? Image: Goldman Sachs Global Investment Research

The Misery Index – Unemployment plus CPI Inflation The Misery Index is nowhere near its 1970s level. Are stagflation fears overblown? Image: J.P. Morgan Asset Management

S&P 500 Upward Earnings Revisions as a Percent of Total Will upward earnings revisions become even more volatile? Image: Morgan Stanley Wealth Management

Inflation – Global CPI Consensus Forecast Will global CPI continue to rise in 2022? Image: BofA Global Investment Strategy

Global EPS Consensus Forecast Global EPS growth estimates for 2022 are falling. Will global stocks follow? Image: BofA Global Investment Strategy

Liquidity Indicator and U.S. Recessions Liquidity remains an interesting indicator of the state of the U.S. business cycle. Image: Longview Economics

U.S. Dollar Non-Commercial Net Positioning Currently, traders are bullish on the U.S. dollar. Image: Real Investment Advice

Fed Funds vs. NFIB Small Business Jobs Hard to Fill Historically, higher wage inflation is associated with higher Fed funds. Image: BofA Global Investment Strategy

Valuation – Global GDP vs. Global Market Capitalization Is the global market capitalization to global GDP a sign of global equity overvaluation? Image: Richardson Wealth

U.S. 10Y-2Y Treasury Yield Curve Pre- and Post-Recessions Will the yield curve continue to steepen? Image: Truist

G3 Credit Impulse and MSCI ACWI vs. 10-Year UST (Leading Indicator) Is it time to switch to defensives? Image: Oxford Economics