Economic Cycle – U.S. Economic Expansion Economic cycles of growth can last many years, with an average of more than five years. Image: LPL Research

U.S. Dollar Index Overlay With Early 2003 Will the U.S. dollar depreciate further over the next few years? Image: Nautilus Research Click the Image to Enlarge

Bitcoin – Annual Electricity Consumption Bitcoin now consumes more electricity per year than Argentina. Image: Deutsche Bank

Bitcoin Energy Consumption Compared to Select Countries Is Bitcoin really bad for the environment? Image: BofA Global Research

Real Effective U.S. Dollar and Fair Value Is the recent weakness of the U.S. dollar the beginning of a large move? Image: Alpine Macro

S&P 100 Stocks – ETF Ownership and Return Large-cap U.S. stocks with high ETF ownership tend to underperform since 2018. Image: Financial Times

U.S. Dollar Weighted CPI Differential Historically, when U.S. CPI is higher than rest of the world, the U.S. dollar’s performance tends to be softer. Image: Morgan Stanley Research

The S&P 500 from the 1950, 1980 and 2013 Secular Bull Market Breakout Points Should investors expect the S&P 500 to hit 4600-4900 into late 2021 to early 2022? Image: BofA Global Research Click the…

Gold – Real Total Returns Based on U.S. CPI Regimes Historically, gold tends to do well when inflation is above 3% and rising. Image: Goldman Sachs Global Investment Research

U.S. Inflation Expectations from Professional Forecasters Will the Federal Reserve let inflation run hot for a while? Image: Gavekal, Macrobond

S&P 500 – What Asset Class Will Outperform in 2021? 29% of FMS investors think the S&P500 will outperform this year. Image: BofA Global Fund Manager Survey