U.S. Trade in Goods Balance The U.S. deficit in trade of goods widened, as many businesses have shuttered due to the coronavirus pandemic. Image: The Daily Shot

S&P 500 Bull Market Rally – 1929 vs. 2020 Should investors expect a market similar to that of 1929 going forward? Image: BofA Global Investment Strategy

Nasdaq Outperformance Over S&P 500 Will the Nasdaq continue to outperform the S&P 500? Image: Morgan Stanley Wealth Management

S&P 500 Equal Weight Index Minus S&P 500 Index The S&P 500 Equal Weight Index is expected to outperform the S&P 500 Index in the recovery phase. Image: Morgan Stanley Wealth Management

S&P 500 Monthly Returns Since 1985 More gains to come in Q4? Image: Goldman Sachs Global Investment Research

Cyclicals vs. Defensives and Inflation 5y/5y Forward Cyclicals tend to outperform when inflation expectations rise. Image: Goldman Sachs Global Investment Research

Performance – S&P 1500 Sub-Industry Groups Will the COVID-19 “Staying In” continue to outperform the COVID-19 “Going Out?” Image: Arbor Research & Trading LLC

VIX Curve and U.S. Election Investors expect more volatility ahead of the U.S. presidential election. Image: Financial Times

Sensitivity of S&P 500 Sector Excess Returns to 10-Year Breakeven Inflation Financials, industrials, materials and energy sectors outperform most when inflation rises. Image: Goldman Sachs Global Investment Research

U.S. Money Market Fund Holdings According to J.P. Morgan, the wall of cash may remain very high indefinitely, as defensive assets are delivering their weakest performance. Image: J.P. Morgan

Valuation – Average Forward P/E in Core PCE Inflation Ranges Since 1976​ Historically, inflation generally had a negative impact on valuations when core PCE approached 2%, in the anticipation of rate hikes. Image: Goldman Sachs…