Coronavirus – Daily Number of New COVID-19 Cases in the United States COVID-19 cases in the United States keep climbing, signaling an expanding outbreak. Image: The Daily Shot

S&P 500 – Actual Paid Dividends and Future Implied Dividends Markets are pricing lower dividends for S&P 500 companies over the long term. Image: Goldman Sachs Global Investment Research

Global Tech Flows 6th largest inflow to tech ever, as investors expect the tech sector to continue to outperform Image: BofA Global Investment Strategy

Valuation – World Technology Equities Rising bond yields could hurt the tech sector, as it is very sensitive to higher yields. Image: BCA Research

FMS Investors and 10Y-3M Yield Curve FMS investors are expecting a steeper yield curve. At 73%, this is an all-time high. Image: BofA Global Fund Manager Survey

World Equities and U.S. 10-Year Treasury Bond Yield Chart suggesting to sell stocks if the earnings yield spread reaches 2.5%. Image: BCA Research

Change in Debt-to-GDP Between Q4-2019 and Q3-2020 Countries are accumulating record amounts of debt. This chart puts into perspective the rise in debt-to-GDP ratio by country between Q4-2019 and Q3-2020. Image: Deutsche Bank

S&P 500 Spot Index and 2027 Implied Dividends The gap between the S&P 500 and dividends expected in 2027 remains large. Image: Goldman Sachs Global Investment Research

U.S. Presidents and the U.S. Dollar Will the U.S. dollar continue to depreciate? Image: Alpine Macro

S&P 500 Total Return – The Market Cycle Since the March low, the U.S. stock market continues to behave like a secular bull market. Image: Fidelity Investments

Russell 2000 – Annual Returns and Intrayear Drawdowns 2020 is not finished yet, but this year could mark the largest drawdown in any given year that ended with a positive return. Image: Ritholtz Wealth Management…