Earnings, Dividends and Valuation Chart showing the deviation of the S&P 500 Index against its trend line. The U.S. stock market needs earnings growth to rise this year. Image: Fidelity Investments

U.S. Stocks and U.S. Bonds: Returns Following Fund Flow Divergence In 2019, bond fund flows outpaced stock fund flows. The difference is the largest ever recorded ($588bn). Image: BlackRock Investment Institute

Share of IPOs with Positive Net Income in Year 1 The IPO class of 2019 is the least profitable of any year since the internet bubble. Image: Goldman Sachs Global Investment Research

Global PMI Manufacturing and Rolling Yearly Change in the Balance Sheet (FED, ECB, BoJ, PBOC) This chart shows the correlation between the change in global liquidity and the global PMI manufacturing. Image: Swedbank Research

Small Caps: Russell 2000 Last 12 Month Performance Grouped by Stocks > 10-Years Old and < 2-Years Old Chart suggesting more alpha among “newer” Russell 2000 small cap stocks over the last 12 months. Image:…

Economy – Where People Are Losing Faith in Capitalism? Some countries appear to have more confidence in capitalism than others. Image: Statista

Calendar Year Performance During U.S. Presidential Election Years Presidential election years have historically been good for U.S. equities, when an incumbent president winds up winning reelection. Image: BlackRock Investment Institute

Technology Relative to Energy and Industrials Tech companies dominate the global market as never before since the internet bubble. Image: Financial Times

Share of Energy from Renewable Sources In the United States, renewable energy sources account for about 11% of total energy consumption. Image: Deutsche Bank Global Research

Sector Performance in the 9 Months Prior to Past U.S. Presidential Elections This chart shows the sector median excess return vs. the S&P 500 during 9 months before 11 presidential elections since 1976. Image: Goldman…

Wage Growth and U.S. Productivity (Leading Indicator) This chart suggests that wage growth tends to lead U.S. productivity by 21 months. Image: Pictet Asset Management