% of S&P 500 Members Above 200-Day Moving Average This chart shows that breadth across stocks and sectors had been weakening, even though the S&P 500 was climbing to new highs. Image: Deutsche Bank Asset…

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.