U.S. Financial Conditions U.S. financial conditions are easing at fastest pace since 1990, thanks to policy stimulus. Image: Goldman Sachs Global Investment Research

Share of S&P 500’s Total Market Value, Five Biggest Stocks The market capitalization of the five largest companies now accounts for 20.4% of S&P 500 total and has nearly doubled since 2013. Image: The Wall…

S&P 500 Today vs. S&P 500 1929-1930 This chart compares the S&P 500 today vs. 1929-30. Have some investors underestimated how far the Fed would go? Image: Bloomberg

S&P 500 Subsequent Month Return and Change in 30-Year Real Yield When 30-year real yields rose as much as today, S&P 500 returns the following month were negative 3 times out of 5. Image: Deutsche…

Hedge Fund Gross / Net Exposure (Leverage) Hedge fund net exposure rose to 75%. This is the highest level in over two years. Image: Goldman Sachs Global Investment Research

Impact of Global Warming on World GDP (CO2 Emission) This chart suggests the impact of global warming on world GDP. Image: Oxford Economics

Real GDP per Capita Relative to the United States China’s GDP per capita has increased significantly in recent decades. But relative to the U.S., it is still lagging. Image: Deutsche Bank Global Research

Average Annual U.S. GDP Growth by Administration This chart puts into perspective the average annual growth of U.S. GDP by administration. Image: Michael McDonough

Annual U.S. Treasury Purchases by Sector This chart suggests that the Fed and money market mutual funds will buy the vast majority of new Treasury supply this year. Image: Financial Times

Saving – Household Spending as % of Disposable Income and 10-Year Treasury Yield As the chart shows, lower yields force households to save more (hyper-globalization 2001-2020). This is a vicious cycle, as forced saving depresses…

Small Businesses Very Bearish about the Economic Outlook 40% of small businesses expect a recovery sometime in 2021, and 19% between 2022-2024. Image: Deutsche Bank Global Research