U.S. Existing Home Sales Median Price U.S. existing home prices rise as tight supply pushes prices higher. Image: Piper Sandler

Margin Debt and S&P 500 Should the growth of margin debt scare investors? Image: Nordea and Macrobond

Median Forward S&P 500 Return Based on ISM Manufacturing Index at Time of Investment When the ISM is above 60, like today, the median forward return on the S&P 500 tends to be negative over…

VIX vs. Liquidity (S&P 500 Futures Depth) Should investors expect the market depth to increase, as VIX and liquidity are highly negatively correlated? Image: J.P. Morgan

Value vs. Growth – Active Managers’ Relative Exposure in Low P/FCF vs. High Long-Term Growth Despite the rally in Value, active managers are still ~30% underweight Value vs. Growth. Image: BofA US Equity & Quant…

Personal Savings Rates Is the increase in personal savings good news for markets? Image: Goldman Sachs Global Investment Research

Nominal GDP – World’s 10 Biggest Economies in 2020 The United States, China, Japan, Germany and the United Kingdom are the five largest economies in the world. Image: CNBC

U.S. 10-Year Treasury Yield and Structural Acceleration in Inflation Should investors expect higher 10-year U.S. Treasury yields? Image: Gavekal, Macrobond

CTAs’ Net Positions in Gold Futures vs. the Gold Futures Price CTAs have increased their net long positions in gold futures. Image: Nomura

Price to Sales Ratio vs. 10-Year Forward Returns Should investors expect anemic returns over the next 10 years with a price-to-sales ratio above 2? Image: Real Investment Advice

Stocks – Philadelphia Semiconductor Index (SOX) Can semiconductor stocks continue to soar this year? Image: Financial Times