Oil and Trade Weighted Dollar Futures Net Positions Historically, the U.S. dollar has tended to be inversely correlated with oil price movements. Image: Deutsche Bank Asset Allocation

S&P 500 Index Returns When the First 5 Days of a New Year Are Up More than 1.5% Historically, when the first 5 days of January are up more than 1.5%, the full year tends…

Total Equity Fund Flows vs. Global PMI Should investors expect more equity fund flows this year? Image: Deutsche Bank

Bitcoin Volatility vs. Other Assets (3M Rolling Volatility – Daily Returns) Bitcoin continues to be a highly volatile asset compared to other assets. Image: Goldman Sachs Global Investment Research

Valuation – S&P 500 12-Month Forward P/E The S&P 500 looks expensive by historical standards. Image: BCA Research

Sensitivity of S&P 500 Price to Real Rates and Breakeven Inflation Goldman Sachs expects breakeven inflation will continue to rise. The year-end S&P 500 price targets of 4300 this year and 4600 in 2022 remain…

Inflation – U.S. Consumer Price Index and ISM Manufacturing Prices Index (Leading Indicator) ISM manufacturing prices tend to lead headline inflation. Image: Morgan Stanley Wealth Management

S&P 500 Index Returns the Following Year After a New Democratic President Takes Office It’s officially a blue wave. Historically, the S&P 500 tends to do well under new Democratic presidents. Image: LPL Research

S&P 500 Equity Risk Premium (ERP) Goldman Sachs forecasts the ERP will fall to 4.6% this year and 4.3% in 2022. Image: Goldman Sachs Global Investment Research

S&P 500 Trading Cycle Bullish with Rising 26 and 40-Week Moving Averages The rising 26 and 40-week moving averages suggest a bullish trading cycle for the S&P 500. Image: BofA Global Research Click the Image…

ISM PMI and S&P 500 Revenues per Share (Leading Indicator) The ISM PMI tends to lead S&P 500 revenues. Image: Yardeni Research