Wage Growth vs. Fed Funds Target Rate and S&P 500 High wage growth and accomodative monetary policy suggest a return to the sweet spot for the S&P 500. Image: Topdown Charts

U.S. Job Growth and Business Cycles Chart showing that U.S. job growth has recovered more slowly than in previous cycles. Image: CNBC

S&P 500 Average Returns Since 1926 Historically, in the year following a double-digit gain, there have only been three years where the U.S. stock market has experienced a double-digit decline. Image: Ben Carlson

U.S. Job Growth vs. Population Growth and Recessions U.S. job growth continues to outpace population growth and does not point to an impending recession. Image: BLS

Global Earnings Growth Chart showing that the gap between U.S. earnings growth and non-U.S. earnings growth is narrowing. Image: Fidelity Investments

High-Yield Credit Returns A good year for high-yield credit returns, but Moody’s has warned that high-yield bonds appear to be expensive relative to fundamentals. Image: Financial Times

U.S. Financial Conditions Relative to the low VIX and favourable financial conditions, the equity risk premium remains quite high. Image: Fidelity Investments

Which Topics are of Rising Interest According to Investment-Focused Searches? This chart shows the share of rising search interest by topic, according to investment-focused searches. Most interest is in fixed income and ETFs. Image: Arbor…

U.S. Housing Starts by Decade Currently, lower mortgage rates are boosting U.S. housing starts, but this decade will see the lowest number of housing units started in six decades.

EUR/USD One Year Historical Volatility (U.S. Dollar and Euro) 2019 is a record low volatility in EUR/USD since 1999. Image: Oxford Economics, Macrobond

World Consumer Sentiment and Real World GDP Growth World consumer sentiment change is back to neutral and suggests a rebound in world GDP growth. Image: Pictet Asset Management