Market Sentiment Index

Market Sentiment Index The market sentiment index is at a bearish extreme, but the stock market can still decline further. Image: Alpine Macro

Gold Prices vs. Commodities

Gold Prices vs. Commodities The declining correlation between the price of gold and commodities may suggest that the commodity bear super-cycle is nearing its end. Image: Wells Fargo Investment Institute

Valuation – Forward P/E Ratio

Valuation – Forward P/E Ratio From the valuation peak of January 2018, most P/E ratios have seen drawdowns of 20%-30%, making this feel like a bear market. Image: Fidelity Investments

S&P 500 Levels, Bank Projections

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

Long-Term U.S. Dollar Cycles

Long-Term U.S. Dollar Cycles This chart shows bear and bull cycles in the U.S. dollar. Will the U.S. dollar enter a bear market? Image: Alpine Macro

S&P 500 Earnings

S&P 500 Earnings So far, S&P500 earnings are not down dramaticaly as in previous bear markets. Image: Quercus TFI S.A.