Revising the U.S. Real GDP Trajectory BofA is revising down the path of U.S. real GDP. Image: BofA Global Research

Fund Managers Sentiment and Global Stock Market Returns (MSCI ACWI) Are fund managers too bearish? Two-thirds of global fund managers say this is a bear market rally. Image: Hondo Tomasz

U.S. Money Supply M2 and Reserves of the Banking System U.S. money supply M2 shows significant jumps in growth, which could affect future inflation. Image: Financial Times

Daily Coronavirus Infection Rate Post-Lockdown On the positive side, this chart shows a decrease in COVID-19 infection rates after countries eased national lockdowns. Image: J.P. Morgan

Drawdowns Since 2011: S&P 500 and Zombie Companies Since the March lows, zombie companies have outperformed the S&P 500 by a wide margin in April and May. Image: Arbor Research & Trading LLC

Purchasing Power of $100: S&P 500, Gold and Fiat Money Chart showing the purchasing power of $100 worth of fiat currency, gold and the S&P 500. Historically, stocks have won over the very long-term. Image:…

Daily New Cases of Coronavirus: Euro-Area and UK Daily new COVID-19 case increases have significantly slowed down. Lockdowns are gradually lifted across Europe and activity is increasing. Image: Morgan Stanley Research

Sources of Financing for Small Businesses in the U.S. This chart shows the sources of financing for small businesses in the U.S. since March 13, 2020. Image: Deutsche Bank Global Research

S&P 500 vs. Zombie Companies Zombie companies have outperformed the S&P 500 by a wide margin in April and May. The process of creative destruction is not taking place, thanks to the Fed and the…

Sentiment – CBOE Put/Call Ratio and S&P 500 Index The put/call ratio suggests that investors are complacent. Image: Bloomberg

Inflation and Capacity Utilization This chart suggests that inflation will not be a problem for many years, as economists watch capacity utilization indicators for signs of inflation pressures. Image: Deutsche Bank Global Research