S&P 500 Index Returns Final 5 Months of Year When the S&P 500 is up in April, May, June, and July, as it is this year, it tends to be bullish. Image: LPL Research

Seasonality of Monthly Spikes in the VIX Historically, there are higher than average VIX spikes in August, September and October. Image: BofA Global Research

Bull Markets of 2020 Is the gold rally sustainable? Precious metal miners have outperformed all other asset classes since the beginning of the year. Image: Gavekal, Macrobond

S&P 500 Total Return Attribution Multiple expansion explains the S&P 500’s total return YTD, despite negative earnings growth. Image: The Daily Shot

Emerging Markets Debt Yield The cost of servicing emerging markets debt denominated in U.S. dollars has fallen to almost 4%, thanks to global central bank liquidity and the weakening of the U.S. dollar. Image: Morgan…

Global Manufacturing PMI in July Global Manufacturing PMIs are back above 50 in July, suggesting a V-shaped recovery in global economy. Image: Morgan Stanley Research

S&P 500 Average Performance – Presidential Election Years & Incumbent Party Outcome 1936-2016 The S&P 500 has been a great indicator in the three months prior to the U.S. presidential election. Historically, the S&P 500’s…

S&P 500 Growth vs. U.S. Real GDP Growth vs. S&P 500 Sales Growth Do valuations still matter? This chart puts into perspective the wide divergence between the S&P 500 and the U.S. economy. Image: Real…

Taiwan’s Tech Exports vs. South Korea The Taiwan’s tech sector has trumped its South Korean peer since 2018. Image: Gavekal, Macrobond

Gold vs. Real U.S. 10-Year Yield Gold continues to shine, but for how long? The price of gold surged to an all-time high, while U.S. real yields are near an all-time low. Image: J.P. Morgan

Average Performance of a Stock 60 Days After a Share Split Apple has announced 4-for-1 stock split. Companies that split their stock are up 3.7% over the next 60 days on average. Image: Strategas Research…