VIX Futures Bump Around U.S. Election Day Compared with prior cycles, implied volatility for the period around the U.S. election is very high, mainly because of the coronavirus. Image: Goldman Sachs Global Investment Research

Net U.S. Dollar Positioning When USD postioning is very light, USD tended to move higher. Image: J.P. Morgan

Valuation – Indian Equities Relative to Emerging Market Equities Indian equities lag emerging market peers in recovery. Image: Alpine Macro

Chinese Stocks – CSI 300 Index Goldman Sachs raises its 12-month CSI300 forecast by 12% to 4,600 from 4,100. Image: Goldman Sachs Global Investment Research

U.S. Elections – Dow Jones vs. Presidential Political Party Republicans vs. Democrats: this chart shows that Dow Jones returns have been much better when a Democrat held the presidency. Image: Ned Davis Research

Gold and G4 Central Bank Balance Sheet Chart suggesting that G4 central bank balance sheet expansion is positive for gold. Image: J.P. Morgan

S&P 500 Index vs. S&P 500 Index 30-Day Implied Volatility (VIX) Despite the stock market’s breathtaking rally, volatility remains elevated. Image: Bloomberg

Global Flow into Chinese Equity Funds Chinese equity funds saw an 11th consecutive week of net outflows. Image: Goldman Sachs Global Investment Research

S&P 500 Companies and Profit Guidance Over the last three months, 80% of S&P 500 companies failed to provide guidance. That’s a record going back to 2001. Image: BofA US Equity & Quant Strategy

U.S. Nonfarm Employment This chart suggests a two-phase labor market recovery in the United States. Image: Oxford Economics

YTD Flow Winners and Losers Equities have seen billions in outflows year-to-date. Image: BofA Global Investment Strategy