Number of U.S. IPOs Elevated interest rates have a direct impact on the IPO market in the United States. Image: Goldman Sachs Global Investment Research

Consensus U.S. GDP Growth Could the United States experience a significant deceleration in GDP growth in the near future? Image: Deutsche Bank Asset Allocation

Valuation – S&P 500 NTM P/E Ratio The NTM P/E ratio of the S&P 500, excluding the 7 largest stocks, is at a relatively reasonable level of 17x. Image: Goldman Sachs Global Investment Research

Discretionary Equity Positioning Discretionary equity positioning is in the 51th percentile, which is neutral. Image: Deutsche Bank Asset Allocation

S&P 500 Index Single Day Average Returns Late September has historically been the weakest period of the year for U.S. stocks. Image: Carson Investment Research

Sentiment – Global PMI and Risk Appetite Indicator The GS risk appetite indicator remaining elevated suggests that investors have a high appetite for risk in the financial markets. Image: Goldman Sachs Global Investment Research

Hard/Soft/No Landing Pricing Across Asset Classes Investors may allocate cash to bonds in hard landing, a combination of stocks and credit in soft landing, commodities in no landing. Image: BofA Global Investment Strategy

Macro Forecasts Goldman Sachs predicts that the S&P 500 will reach 4,700 and the 10-year U.S. Treasury yield will be at 3.8% in 12 months. Image: Goldman Sachs Global Investment Research

U.S. Real GDP “New-New Normal” Will a sustained period of low economic growth be the “new normal” for the United States? Image: Real Investment Advice

Japanese Banks Stock Price Index vs. Japanese Stocks Given the increase in Japanese government bond yields, should investors favor Japanese bank stocks? Image: BofA Global Investment Strategy