Correlation Between VIX and MOVE The rolling one-year correlation between VIX and MOVE is at the highest level on record. Image: Arbor Research & Trading LLC

The SARS Analog – Virus Outbreaks and Global Markets The chart shows the SARS analog (2002 vs. 2020), highlighting the S&P 500 Index, the MSCI China Index, emerging markets vs. U.S. EPS and the CRB…

Consolidated Equity Positioning Equities positioning are at their highest level in two years, as optimistic investors price in a global growth rebound. Image: Deutsche Bank Asset Allocation

China’s Response to the Spread of the Coronavirus This chart puts the spread of the coronavirus into perspective. Image: Gavekal, Macrobond

Global Industrial Cycle and Copper vs. Equities Chart suggesting that copper should outperform equities in a global industrial rebound. Image: Oxford Economics

EUR/USD and Euro Area M3 Chart showing the correlation between the euro-area broad money supply (M3) and EUR/USD (inverted). Image: Morgan Stanley Research

Demographics – World Population since 1400 The United Nations predict that the world’s population will increase from 7.7 billion currently to 9.7 billion in 2050. Image: Deutsche Bank

S&P 500 and Back-to-Back Losses This is one of the longest streaks ever for the S&P 500 without back-to-back losses since 1955. Image: Ryan Detrick, LPL Financial LLC

S&P 500 January-January Price % Changes during Years Associated with Chinese Lunar New Years since 1900 2020 is the year of the rat by the Chinese lunar calendar. This chart shows S&P 500 returns during…

Monthly S&P 500 Seasonality Back to 1928 The monthly seasonality of the S&P 500 could suggest a pause in February. Image: BofA Global Research

Chicago Fed National Financial Conditions Index and Recessions This indicator provides an update on U.S. financial conditions in money markets, debt, equity markets and the traditional & “shadow” banking systems. If financial conditions tighten sharply,…