Valuation – MSCI ACWI and STOXX Europe 600 – 24-Month Forward P/E Percentile vs. History Should investors pay attention to stock valuation? Image: Goldman Sachs Global Investment Research

U.S. Housing – Existing Home Sales Median Price Existing home sales reached their highest level in 14 years, thanks to low rates. Image: Piper Sandler

Russell 1000 American Stock Index – Growth vs. Value The gap between growth and value has widened considerably. It is now the largest divergence in decades. Image: The Economist

Buybacks and S&P 500 Returns Chart suggesting that there is no evidence that buybacks blackouts represent a risk to markets. Image: BofA Securities

China Real GDP and China Leading Economic Index China appears to be on track for a V-shaped economic recovery. Image: Morgan Stanley Wealth Management

Retail Investors and Small Options Trades Does the boom in options trading by retail investors suggest a market meltdown? Image: Financial Times

Valuation – 12-Month Forward P/E and Equity Risk Premium Despite the rise in the forward 12-month P/E ratio, the equity risk premium is in line with its long-term average. Image: Fidelity Investments

U.S. Elections – The U.S. Dollar Could Predict the Next President Historically, when the U.S. dollar has been weak, the incumbent party has tended to win. Image: LPL Research

Asset Bubbles and Tight Money Should the Fed raise rates to prick the tech bubble? Image: Alpine Macro

S&P 500 and Long-Term Resistance According to Morgan Stanley the correction isn’t over, as stocks get too extended. Image: Morgan Stanley Research

S&P 500 Returns – Obama vs. Trump Two charts comparing Obama’s vs. Trump’s stock market returns. Image: Gavekal, Macrobond