Federal Reserve Balance Sheet as % of GDP The Federal balance sheet is expected to expand by more than 40% of GDP. Image: BofA Global Research

Investment Banking Underwriting and Advisory Fees by Division Global banks generated a record $124.5bn in fees in 2020, as companies scrambled to raise money to survive the coronavirus pandemic. Image: Financial Times

Ratio of General Government Gross Debt to GDP At the global level, the measures taken by governments to respond to the impact of the coronavirus crisis amounted to $12 trillion. Image: CNBC

Market – Top 10 Predictions for 2021 Will Tesla become the new AOL in 2021? Image: CNBC

Euro to U.S. Dollar (EUR/USD) and Long-Term Average The market expects stronger EUR/USD. Image: Morgan Stanley Research

Performance – S&P 500 Growth Index – Value Index Is the value rotation over? Image: Bloomberg

Biden vs. Trump – Who Is Better for U.S. Stocks? Could the U.S. stock market see headwinds under President Biden? Image: CNBC

U.S. Real GDP and Fiscal Support Should investors favor risk assets in 2021, as additional fiscal support should provide a boost to growth? Image: J.P. Morgan Asset Management

Forecast – G4 Central Banks’ Balance Sheet Through 2022 The G4 central banks’ balance sheet is expected to reach $29.3 trillion by year-end 2022. Image: Morgan Stanley Research

Real Rates Among Major Economies Among major economies, China is now the only country offering positive real interest rates. Image: Gavekal, Macrobond

U.S. Dollar and U.S. Equity Relative to Developed Non-U.S. Historically, the U.S. dollar’s weakness has coincided with the outperformance of non-U.S. stocks relative to U.S. stocks. Image: Financial Times