Average Relative Sector Performance During Republican vs. Democratic Presidents Tech has tended to outperform on average under a Democratic president. Image: BofA US Equity & Quant Strategy

Aggregated 15 DM Country Average Bond and Equity Percentile Valuations As the chart suggests, this is the most expensive time to buy stocks and bonds. Image: Deutsche Bank

S&P 500 Equally-Weighted / S&P 500 Will the S&P Equal Weight Index outperform the S&P 500 Index in the recovery phase? Image: Morgan Stanley Research

Bubble – Wilshire 5000 to Nominal GDP Ratio The ratio of market capitalization to GDP is now higher than it was before the Internet bubble burst. Is the U.S. stock market on a bubble? Image:…

Market Capitalization Weight – FAANG Stocks vs. IT Sector (1995-2000) Are investors facing another tech bubble? Image: Alpine Macro

S&P 500 Performance During U.S. Election Years Since 1950 The S&P 500 could start to weaken now, if President Donald Trump is going to lose the 2020 election. Image: LPL Research

SPACs Global Proceeds and S&P 500 Price SPACs (Special Purpose Acquisition Companies) are booming and have coincided with the equity market near highs, according to Citi. Image: CNBC

Real Interest Rates Since 1314 Since 1314, real interest rates have been on a long-term downward trend. Image: Goldman Sachs Global Investment Research

Number of S&P Non-Financial Credit Ratings Global creditworthiness fades as companies embrace debt. Triple-A ratings are a thing of the past. Image: Financial Times

S&P 500 and Pattern Breakouts The chart projection on the S&P 500 suggests 4300, given the summer’s breakout from a bullish cup-and-handle. Image: BofA Global Research

S&P 500 Energy Index Relative Performance (vs. S&P 500) The energy sector has been the worst performing sector in the S&P 500 over the past decade. Image: BofA US Equity & Quant Strategy