Valuation – Real Forward Earnings Yield vs. S&P 500 Index Is inflation transitory? The S&P 500 looks expensive with real earnings yields at record lows. Image: Lohman Econometrics

U.S. 10-Year Treasury Yield and Taper Announcement Historically, QE tapering tends to push U.S. 10-year Treasury yields lower. Image: Charles Schwab

European Stocks and MSCI U.S. – Cyclically Adjusted Price-Earnings Ratio (CAPE) Why are U.S. equities more expensive than European stocks? Image: Financial Times

U.S. Federal Reserve – Assets and Fed Funds Could the Federal Reserve raise interest rates later than expected? Image: BCA Research

U.S. Population Growth by State Long-term population decline can lead to economic stagnation and disaster. Image: Quill Intelligence, LLC

U.S. House Prices and Inflation Since 1991, U.S. house prices have protected Americans well from inflation. Image: Deutsche Bank

Bitcoin and Risk Appetite Indicator Bitcoin and market sentiment tend to move in tandem. Image: Goldman Sachs Global Investment Research

CTA Net Position in S&P 500 Futures CTAs have decreased their net long positions in S&P 500 futures. Image: Nomura

S&P 500 Index Returns – The Day 100 Indicator Historically, if the S&P 500 Index is up more than 10% YTD on day 100, it tends to be bullish through the rest of the year.…

U.S. Equity Sentiment Index U.S. equity market sentiment is improving. Image: Nomura

European Stocks and MSCI World Will European stocks continue to outperform global equities? Image: Financial Times