U.S. Labor Market – Initial Jobless Claims The four-week moving average of jobless claims ticked higher, suggesting that the road to recovery is a long journey. Image: J.P. Morgan Asset Management

Party Composition of U.S. General Elections Since 1900 Since 1900, the U.S. general elections have seen 12 blue waves and 10 red waves, but 8 times there has been a split result. Image: BofA

Currency Markets and U.S. Elections FX markets are pricing in a Biden presidency and a blue sweep as well. Image: Morgan Stanley Wealth Management

2020 Retail Sales in the U.S. and Euro Area This chart shows a sweet V-shaped recovery in U.S. and EU retail sales. Image: BofA Global Research

Breakdown of Household Equity and Mutual Fund Ownership by Generation Baby boomers control a substantial proportion of the U.S. equity market. Image: Goldman Sachs Global Investment Research

Energy Stocks – MSCI World Energy Index and Book Value Are energy stocks a buying opportunity? Image: Gavekal, Macrobond

Value Stocks – Russell 2000 vs. Russell 2000 Value Can value stocks bounce back, as Value tends to outperform in the early stages of an economic recovery? Image: Financial Times

Global EPS – Global Earnings Growth This chart highlights the strong recovery in global earnings growth. Image: Fidelity Investments

2020 U.S. Election Odds The odds of a “blue wave” of Democratic victories in the U.S. elections remain high. Image: Goldman Sachs Global Investment Research

Long-Term (6-10y) Real Global GDP Growth Forecast from Consensus Economics Long-term (6-10y) real global GDP growth forecast continues to decline. Image: Goldman Sachs Global Investment Research

Median Cyclicals vs. Defensives YoY Return Since 1990 Cyclicals tend to outperform Defensives during periods of economic strength. Image: Goldman Sachs Global Investment Research