U.S. and Europe: Value vs. Growth Price to Book Ratio Valuations for growth vs. value are back near the levels that preceded 2000-01, but the trend is still intact for the time being. Image: Morgan…

S&P 500 Index Average Monthly Returns Over the past 20 years, March and April have been the two strongest months. Image: LPL Research

Share of Household Equities and Mutual Funds Owned by the Bottom 90% Chart showing that share of household equities and mutual funds owned by the bottom 90% has been counter-cyclical. Image: Goldman Sachs Global Investment…

Global Investment Research Financial Excess Monitor and Recessions The heat map suggests below-average imbalances in the U.S. economy. Image: Goldman Sachs Global Investment Research

Bond Fund Flows Bond funds hit inflow record, reflecting investor fears about the coronavirus’s spread. Image: BofA Global Investment Strategy

U.S. Dollar and President Trump This chart shows the correlation between the U.S. dollar and President Trump’s approval ratings Image: TD securities

Odds of Various S&P 500 One-Year Total Returns During U.S. Economic Expansions This chart suggests the probability of positive one-year market returns when the U.S. economy is expanding. Image: Investment Strategy Group, Bloomberg

S&P 500 Next Twelve Months P/E vs. Dollar Index This chart suggests that the strength of the U.S. dollar supports higher P/E multiples for the S&P 500. Image: Strategas

S&P 500 – Secular Bull Market Analogs The bull market that began in 2009 could have similarities with the secular bull markets of 1982-2000 and 1949-1968. Since the Great Recession, US stocks have behaved like…

U.S. Wage Growth and U.S. Unemployment Rate Has U.S. wage growth peaked? This chart suggests that the U.S. unemployment rate could bottom out at around 3.5% this year. Image: Oxford Economics

Seasonality of U.S. Equity Market Sentiment Index This chart puts into perspective the seasonal pattern in U.S. equity sentiment. Image: Nomura