10/2 Treasury Yield Curve vs. 12-Month Forward EPS (Leading Indicator) Chart suggesting that the 10/2 Treasury yield curve tends to lead 12-month forward EPS by 22 months. Image: Alpine Macro

Cross-Asset Correlation and Global PMI Cross-asset correlations imply there is limited scope for diversification. Image: J.P. Morgan

Valuation Metrics Across Assets This table suggests that median valuation metrics remain elevated by historical standards. Image: Goldman Sachs Global Investment Research

Russell 1000 Value Index vs. Russell 1000 Growth Index Russell 1000 value vs. growth retests lows, but value stocks should outperform growth stocks in the recovery phase. Image: Morgan Stanley

Global Macro Hedge Funds’ Exposure and U.S. 10-Year Treasury Bond Global macro hedge funds are long U.S. bonds. Image: Nomura

S&P 500 and % of Members with MACD Sell Signals Is that bearish? 56% of S&P 500 stocks are sending sell signals. Image: SentimenTrader

Bull Market Analogs and First Breadth Peak This chart shows the S&P 500 after it reaches that first breadth peak following a major decline. Image: Fidelity Investments

S&P 500 vs. FMS Cash Balance The BofA Fund Manager Survey cash balance is still elevated at 5.7%. This is an interesting contrarian indicator. Image: BofA Global FMS

Berkshire Hathaway Annual Return Minus the Total Return of the S&P 500 Heavy on banks, but light on tech. Has Warren Buffett lost his mojo? Image: Financial Times

U.S. Corporate Debt Outstanding by S&P Ratings Should investors be worried? The proportion of BBB-rated bonds has increased significantly over time. Image: Deutsche Bank Global Research

MSCI ACWI Value vs. Growth Relative Valuation and Global Manufacturing PMI Chart suggesting that value should outperform growth in the recovery phase. Image: Morgan Stanley Research