Performance – Polarization Led by Tech If the S&P 500 was just the tech sector, it would be at 4015. Image: BofA Global Investment Strategy

U.S. Dividend Aristocrats Relative to S&P 500 and U.S. 10-Year Bond Yield Will the gap close between U.S. dividend aristocrats and U.S. bond yields? Image: J.P. Morgan

S&P 500 vs. Top 5 Stocks Does big tech present a risk for investors? Image: Financial Times

U.S. Money Supply M2 Today U.S. money supply M2 growth is more than six times the structural growth rate of U.S. nominal GDP. Image: Gavekal, Macrobond

S&P 500 vs. Percentage of Stocks Above 50-Day Moving Average Chart showing the current divergence between the S&P 500 and the percentage of stocks trading above their 50-day moving average. Image: Fidelity Investments

Global Equity ETF Flows U.S. equity ETF flows remain strong amid the coronavirus turbulence. Image: J.P. Morgan

Gold Investment Physical Ex-Central Banks and Indices, of Equity Markets How much gold should an investor have in his investment portfolio? BofA suggests an optimized allocation to gold of approximately 4.5%. Image: BofA Global Research

Global GDP vs. Current Activity Indicator (CAI) Goldman Sachs forecasts global real GDP growth of -3.3% in 2020 and 6.4% in 2021. Image: Goldman Sachs Global Investment Research

Top 25 Members of the S&P 500 Another tech bubble? This table shows the 25 largest stocks in 1973, 2000 and 2020. Back in 1973, IBM was 12.74% of the market capitalization. Image: Fidelity Investments

Apple Market Capitalization in the S&P 500 Apple is now the largest weight by market capitalization in the S&P 500 over the last 40-years. Image: Strategas Research Partners

Price Return Indexes – MSCI World ex-US and US Valueline Composite Index Where is the bull market exactly? Today, the Valueline composite index, considered as a proxy for the U.S. market’s performance, stands at the…