Largest Companies to Be Added to the S&P 500 Since the Mid-1990s Tesla is the largest company ever to join the S&P 500 index. Image: The Wall Street Journal

U.S. Treasury Yield Curve The U.S. Treasury yield curve is likely to steepen further in 2021, as expectations for tapering increase. Image: J.P. Morgan Asset Management

Copper Prices Relative to Gold Prices Copper looks cheap relative to gold. Image: Longview Economics

Valuation – % of S&P 500 Stocks Oversold, Neutral, Overbought Chart suggesting that 46% of S&P 500 stocks are overbought. Image: MarketDesk Research

Bank Stock Performance During Previous Recessions Historically, bank stocks tend to outperform the S&P 500 in the year following a recession. Image: BofA Global Research

Commodity Spot Index Are commodities poised for a new bull market as a reflation play? Image: Bloomberg

S&P 500 Financials Index/S&P 500 Index and ISM Manufacturing PMI The ISM Manufacturing PMI suggests that the financials’ rally should continue. Image: Morgan Stanley Wealth Management

Market Capitalization of the Largest Companies Included in the S&P 500 Index Tesla is the largest company to be added to the S&P 500 index. Image: Statista

Valuation – U.S. Equities vs. Other Markets U.S. equities at 0.69, look very expensive relative to other markets. Image: Gavekal, Macrobond

Stocks – Tesla Short Interest as % of Float Tesla’s short sellers have lost billions of dollars this year. Image: Goldman Sachs Global Investment Research

Ten Largest U.S. Tech Company IPOs IPOs are benefiting from the new bull market, as three of the 10 largest U.S. tech IPOs have happened this year. Image: CNBC