Global Cycle The global wave suggests a trough in the global cycle. Image: BofA Global Quantitative Strategy

ISM Manufacturing Index vs. S&P 500 Cash Flow Chart showing the correlation between S&P 500 cash flow and the ISM Manufacturing Index. Image: Raoul Pal

P/E Premium High Growth vs. Low Valuation S&P 500 Firms P/E premium high growth vs. low valuation S&P 500 firms at highest since the internet bubble. Image: Goldman Sachs Global Investment Research

U.S. Election and Equities Among advisors, the survey shows that the U.S. election is the biggest risk to equities. BofA US Equity & US Quant Strategy

S&P 500 vs. U.S. Private Equity Returns The S&P 500 beats U.S. private equity’s returns for the first time. Image: Financial Times

Locations by Number of Confirmed Wuhan Coronavirus Cases Chart showing location of confirmed coronavirus cases worldwide. Image: Statista

Share of the U.S. Population Holding Stocks U.S. stock ownership has not fully rebounded since the financial crisis. Image: Deutsche Bank Global Research

Probability of Recession in the U.S. Chart suggesting the probability of recession in the U.S. over the 12 next months, based on various metrics. Image: J.P. Morgan

Global GDP Growth in Pandemic Scenarios This chart suggests world GDP growth in the event of a global pandemic. Image: Oxford Economics

Private Non-Financial Debt Service Ratios Relative To Income Lower interest rates make debt more sustainable. What matters is the debt service cost.

Share of Global Annual CO2 Emissions To achieve the global warming target in the Paris Agreement, net zero emissions should be reached by 2050. Image: Financial Times