Growth Stocks – FAANG and S&P 500 Ex-FAANG Price-to-Sales In general, higher rates mean headwind for growth stocks. Image: BofA US Equity & Quant Strategy

% Share of Rolling Three-Month ETF Inflows Investors favored risky assets over government bonds to end 2020. Image: Arbor Research & Trading LLC Click the Image to Enlarge  

Euro to U.S. Dollar (EUR/USD) and Relative Real Rates Will the current EUR/USD trend stop and eventually reverse? Image: Nordea and Macrobond

Small Cap Stocks – Russell 2000 Total Return Bases on President/Congress Since 1979 Historically, small caps’ highest average returns have been in period of Democratic President with a Democratic Congress. Image: BofA US Equity &…

U.S. 10Y-2Y Yield Curve vs. U.S. Excess Liquidity (Leading Indicator) U.S. excess liquidity tends to lead the U.S. 10Y-2Y yield curve by 9 months. Image: Variant Perception Research

S&P 500 Index Returns When Democrats Controlled the White House and Congress A Democratic sweep could mean faster economic recovery and should not scare markets. Image: LPL Research

MSCI ACWI Ex. U.S. ETF and ACWI Ex. U.S. Relative to S&P 500 The 3-year bear market for global equities ex. U.S. is over. Image: Strategas Research Partners

U.S. Dollar Index (DXY) and USD CFTC Net Speculative Positions Speculators increased their net short U.S. dollar positions. Image: Societe Generale Cross Asset Research

Average Annual S&P 500 Performance by Political Control Scenario A Democratic sweep should not scare markets. Image: Truist

Performance Small-Cap Stocks – Russell 2000 vs. S&P 500 Relative Total Returns Based on President/Congress Since 1979 Historically, small cap stocks have outperformed large cap stocks in periods of a Democratic President and Democratic Congress.…

Social Immobility vs. Income Inequality Countries with higher levels of income inequality have higher rates of social immobility. Will income inequality in the United States continue to worsen? Image: BCA Research