7-10 Treasuries Total Return Index / Gold in U.S. Dollar Gold tends to beat U.S. Treasuries on inflationary fears. Image: Gavekal, Macrobond

Global Stocks (MSCI ACWI ex-U.S.) – Global Equity Prices Excluding U.S. Stocks Global stocks ex-U.S. remain below pre-Global Financial Crisis highs. Image: BofA Global Investment Strategy

U.S. GDP Forecast – Return to Pre-COVID-19 GDP Path Morgan Stanley expects U.S. GDP to reach its pre-COVID-19 GDP trend by 3Q21 and then rise above it. Image: Morgan Stanley Research

U.S. Treasuries Seasonality Historically, U.S. 10-year yields tend to drop on average from May to November. Image: Nordea and Macrobond

U.S. Consumer Spending – Comparison of Spending Between March 2021 and February 2020 Travel spending remains low, while goods spending across sectors are well above pre-pandemic levels. Image: BofA Global Research

FY2 P/E Premium of Highest vs. Lowest Valuation S&P 500 Firms The dispersion of stock multiples has narrowed, but is still wide relative to history. Image: Goldman Sachs Global Investment Research

ISM Manufacturing Index and Recessions Economic growth tends to peak about a year after the recession ends. Image: Deutsche Bank Asset Allocation

Quarterly U.S. Equity Issuance by Deal Type U.S. equity issuance hit record levels in the first quarter of 2021. Image: Goldman Sachs Global Investment Research

U.S. 10-Year Real Yield and Tapering Period Could investors see a repeat of the 2013 taper tantrum? Image: Morgan Stanley Wealth Management

% of Zombie Firms Among OECD Companies The share of zombie firms in OECD countries is increasing, as a result of governments’ response to the coronavirus crisis. Image: BofA Global Research

U.S. Equities – Margin Debt Since 1960 Is the growth of margin debt a concern? Image: Morgan Stanley Research