10Y-3M Yield Curve Inversion and S&P 500 Operating EPS The inversion of the yield curve between 3-month and 10-year Treasurys is not good news for S&P 500 operating EPS (90D means 3-month T-bill). The 50 day moving average removes false signals since 1967. Image: Stifel
Conference Board Leading Economic Index for U.S. (LEI) LEI suggests that the U.S. economy should continue to expand in H2 2019. Image: Ken Fisher
U.S. Total Retail Sales Volumes Chart showing that U.S. retail sales remain solid. Image: Pantheon Macroeconomics
S&P 500 Valuation This chart shows that the S&P 500 is in a trading range rather than in a bearish or bullish market trend, for more than 20 months. Image: Fidelity Investments
Equity Market Tops Interesting chart showing equity market tops. The U.S. equity market hasn’t yet reached its peak. Image: DoubleLine
Economic Data Bouncing Back Great chart showing that economic data around the world is beginning to improve. Image: Arbor Research & Trading LLC
Share of Emerging Market Central Banks Hiking/Cutting Chart showing that emerging market central banks cut rates by most in a decade. Image: Goldman Sachs Global Investment Research
Dow Jones Industrial Average Around Second Fed Rate Cut This chart shows that a second rate cut has been bullish. On average, the Dow Jones Industrial Average has gained 19% over the next 12 months. Image: Ned Davis Research
S&P 500 – Historical September Monthly Total Returns September is usually a volatile month. But since to 1980, September has been positive 54% of the time. Image: Richardson Wealth
S&P 500 Valuation and Equity Risk Premium This chart shows that the equity risk premium (earnings yield less 10-year Treasury yield) has declined to 3.9%. Image: Fidelity Investments
S&P 500 Index Total Returns — 108 Years Over the past 108 years, the S&P 500 has generated positive annual returns more than 72% of the time. Image: Wells Fargo Investment Institute