Annual Electricity Consumption (Twh) by Country with Bitcoin Added One Bitcoin transaction uses the same amount of electricity as around 500,000 Visa transactions. Image: Deutsche Bank

S&P 500 Index Quickest Bear Markets After a New All-Time High One year ago started the quickest bear market ever after a new all-time high. Image: LPL Research

Number of SPAC IPOs SPAC IPOs are booming. Are they in a bubble? Image: BofA Global Research

Performance of 50% Nasdaq + 50% Russell 2000 vs. S&P 500 Index Will the divergence continue to widen? Image: J.P. Morgan

S&P 500 – 1940’s Reflation Analog If inflation rises a little and real rates go lower, it could be bullish for stocks. Image: Fidelity Investments

Equity Risk Premium – S&P 500 Cyclically-Adjusted Earnings Yield and 10-Year Treasury Yield The equity risk premium suggests that U.S. equities remain attractive relative to bonds. Image: Alpine Macro

Coronavirus – Number of People Hospitalized with COVID-19 in the United States The falling number of Americans hospitalized with COVID-19 is good news. Image: Statista

Effect of Fiscal Spending on Level of GDP The impact of fiscal stimulus on the level of U.S. GDP is expected to peak in Q2 2021 and then decline. Image: Goldman Sachs Global Investment Research

CTAs’ Net Position in CMX Copper Futures vs. the CMX Copper Futures Price CTAs’ net long positions in copper are very bullish. Image: Nomura

U.S. Recessionary Manufacturing Activity U.S. manufacturing sectors are improving, with less than 50% of them in contraction. Image: Oxford Economics

Passive vs. Active Investing – Single Stocks vs. Equity ETFs More passive investing amid COVID, as BofA clients have bought ETFs almost 90% of the time over the last 50 weeks. Image: BofA Securities