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

U.S. Treasury 30Y-5Y Yield Curve and Probability of U.S. Senate Democratic Control A Democratic sweep is a possibility, as the yield curve now tracks the likelihood of Democratic control of the U.S. Senate. Image: BofA…

GDP and Shape of Recovery V-shaped or Swoosh? This chart shows the alphabet of economic recovery scenarios. Image: Financial Times

Actual 10-Year Rate vs. Forecasts for the 10-Year Rate This chart highlights that the market has been wrong predicting higher long rates. Image: Deutsche Bank Global Research

More than 90% of Stocks above 50-Day Moving Average Short-term overbought, but historically, more than 90% of stocks above the 50-day moving average is bullish. Image: Strategas Research Partners