S&P 500 Sector Return on Equity vs. Price to Book Valuation This chart suggests that sectors trade closely to their return on equity implied valuations (R² = 0.87). Image: Goldman Sachs Global Investment Research

S&P 500 Sectors Announced Buybacks This chart puts into perspective announced share buybacks by sector in the United States. Image: Deutsche Bank Asset Allocation

Dow Jones to Gold Ratio Since 1800 This long-term chart suggests the potential fall in share prices expressed in gold. Image: Incrementum AG

Housing – U.S. Median Famility Income to Mortgage Cost This chart suggests that relative to family incomes, buying a home in the U.S. is currently quite affordable by historical standards. Image: Gavekal, Macrobond

Fed Deflation Probability (Inflation Below Zero) This chart suggests the high probability that the U.S. inflation rate will fall below zero over the next 12 months.

Market Capitalization of 5 Largest Companies as Share of S&P 500 Total The market capitalization of the five largest companies now accounts for 20% of S&P 500 total, while the average is 13%. Image: Goldman…

Large-Cap Mutual Funds Beta to Mega-Cap Growth Stocks Mega-cap growth stocks have seen their exposure in mutual funds rising steeply. Image: Deutsche Bank Asset Allocation

U.S. Personal Saving Rate The personal savings rate soared to 33% in April, as coronavirus causing Americans to accumulate cash. Image: CNBC

Performance of Mega-Cap Growth Stocks vs. the Rest This chart highlights the outperformance of mega-cap growth stocks vs. the rest since several years. Deutsche Bank Asset Allocation

S&P 500 and Gold – GWIM Equity Flows and Gold ETF Demand for gold remains strong. BofA private clients have been selling S&P 500 at 3000 and buying gold. Image: BofA Global Investment Strategy

Money Supply to GDP vs. Equities and Bonds Historically, when money supply exceeds nominal GDP growth, it tends to be bullish for stocks and bonds. Image: Gavekal, Macrobond