EUR/USD and Relative Growth Expectations (EMU vs. U.S.) Will the current EUR/USD trend eventually reverse, as the U.S. is expected to outperform Europe? Image: Nordea and Macrobond

G4 Central Banks’ Balance Sheets – Projection The G4 central banks’ balance sheet is expected to reach $29.6 trillion by year-end 2022. Image: Morgan Stanley Research

Tech Fund Flows (6-Week Cumulative) Record inflows to tech past 6 weeks, as investors expect the tech sector to continue to outperform. Image: BofA Global Investment Strategy

Valuation – the Ratio of S&P 500 Market Capitalization vs. M2 Money Supply What’s priced in? Currently, the S&P 500 trades well above the post-crisis valuation vs. M2 money supply. Image: BofA US Equity &…

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