Returns – Dow Jones 11-Day Win Streaks Historically, bulls smile when the Dow Jones achieves an 11-day winning streak. Image: Carson Investment Research

Duration and Magnitude of Major Nonrecessionary S&P 500 Index Declines According to Morgan Stanley, the current bear market rally in U.S. equities remains within historical norms. Image: Morgan Stanley Wealth Management

Oil – Brent Fair-Value Model J.P. Morgan expects Brent oil prices to exit the year at $86/bbl. Image: J.P. Morgan

Global Policy Rate Hikes 2022 has been the year of global aggressive rate hikes on an unprecedented scale. Image: BofA Global Investment Strategy

U.S. True Financial Conditions Index The U.S. True Financial Conditions Index remains tight. Image: Gavekal, Macrobond

AAII Cash Allocations High levels of cash allocations by AAII members can be a good contrarian indicator. Image: Topdown Charts

S&P 500 After AAII Bulls > 50% After More Than One Year Below AAII bulls over 50% for the first time in a year is typically viewed as bullish. Image: Carson Investment Research

Returns – Dow Jones Eight Day Win Streaks In bull markets, it is common for the Dow Jones to have winning streaks lasting eight days. Image: Carson Investment Research

FMS Investors and Profit Expectations FMS global profit expectations are now more optimistic than they have been since February 2022. Image: BofA Global Fund Manager Survey

S&P 500 Performance 1-Year After Midterm Elections Historically, the S&P 500 Index has been higher a year later every time after midterm elections in November. Image: Carson Investment Research