S&P 500 Long-Term Trend and Expected Returns Chart suggesting that the 5 and 10-year return forecast is not very exciting. Image: Ned Davis Research

Federal Reserve’s Balance Sheet This chart shows the Federal Reserve total assets. According to the NY Fed, the Fed’s balance sheet could be between $3.8 trillion and $4.7 trillion by 2025. Image: Wells Fargo Securities,…

U.S. Budget Deficit Government spending increases despite President Trump’s promise to eliminate debt. Image: Financial Times

Cyclicals vs. S&P 500 Chart suggesting that cyclicals are not overvalued vs. S&P 500. Image: Goldman Sachs Global Investment Research

Share of Americans Who Own Stocks More and more Americans are invested in the stock market. 30 years ago, only about 30%. More than 50%, today. Image: Atlas, Survey of Consumer Finances

Global Manufacturing PMI Manufacturing PMI is still sluggish in the world, but it is trying to stop going down in the United States. Image: LPL Research

10Y-2Y Yield Curve Inversion Until U.S. Recession Starts An inverted yield curve doesn’t always mean that a recession is imminent. But historically, a sustained yield curve inversion has been a good indicator of recession. Image:…

Global Gold Production Chart suggesting that gold is heading for a flat supply at best in the coming years, which could further support the price of gold. Image: Bernstein

U.S. and China Stock Markets U.S. and China stock markets are both higher year-to-date, amid the trade war. Image: Danske Bank Research

S&P 500 Total Return During Pre-Election Years “What we learn from history is that people don’t learn from history. And you certainly see that in financial markets all the time.” –Warren Buffett Image: Ryan Detrick,…

Average S&P 500 Performance Following 3rd Fed Rate Cut In the Fed rate cutting cycle, the chart shows the average S&P 500 performance following a 3rd Fed rate cut, with less than two additional cuts,…