S&P 500 Levels, Bank Projections Morgan Stanley is a bear, but Wall Street expects gains for the S&P 500 in 2020 Image: Financial Times

Yield Curve 10Y-2Y and U.S. ISM Manufacturing Index Chart suggesting that the U.S. 2+10Y bond yield YoY (inverted) tends to lead the U.S. ISM Manufacturing Index (YoY) by 18 months. U.S. PMI could bounce back…

JPMorgan Global Manufacturing PMI The JPMorgan Global Manufacturing PMI rises to a seven-month high of 50.3, after having been in contraction territory. NBF Economics and Strategy

The 2020 S&P 500 Upside Level According to BofAML, history suggests a bullish setup for the S&P 500 in 2020, and a S&P 500 target of 3300-3600 in late 2020. Image: BofA Merrill Lynch Global…

Venture Capital Assets Under Management The center of venture capital gravity is shifting. Asia could overtake the United States. Image: Quill Intelligence, LLC

U.S. Corporate Profits over the Business Cycle U.S. corporate profits are at risk in the late stage of the expansion. mage: BlackRock Investment Institute

Private Debt Assets Under Management Private debt assets under management have tripled over the past decade to $812 billion. Investors are looking to increase yield in a world of low interest rates. Image: Goldman Sachs…

Central Bank Gold Purchases This year, central banks are purchasing gold at record highs, due to geopolitical tensions. Image: Goldman Sachs Global Investment Research

Asset Classes and Inflation Risks Chart suggesting that major asset classes do not take inflation risks into account. Image: Arbor Research & Trading LLC

Debt Securities Issued by S&P 500 Companies Should investors be concerned about the corporate debt maturity wall? This chart shows the long term S&P 500 debt maturity schedule. Image: J.P. Morgan US Equity Strategy &…