Chicago Fed National Financial Conditions Index and S&P 500 Financial conditions remain easy, which is historically bullish for U.S. equities. Image: BofA Global Research

Cumulative Flows into Small and Mid Cap Equity ETFs Chart showing robust inflows into small and mid-cap ETFs this year. Image: BofA Securities

Debt – U.S. Shale’s Maturity Wall and Interest Should investors be concerned about the shale’s wall of maturity? There is no doubt about it. Image: Quill Intelligence, LLC

China GDP Growth Over Time This chart puts China’s economic growth into perspective. Image: howmuch.net

Stocks, Bonds, Foreign Exchange and Commodities Outperformance Stocks, bonds, FX and commodities outperformed in 2019. Image: Deutsche Bank Global Research

Historical Correlations of Asset Price Returns to Central Bank Net Cuts in Policy Rates The correlation between assets price returns and central bank rate cuts has been higher after the Great Financial Crisis. Image: BofA…

S&P 500 Forward Performance +6 Months Following New All-Time High Since 1950 Historically, there are major falls 5% of time, further gains 82% of time and major gains 21% of time. Image: Strategas

Fund Manager Survey Cash Balance BofA Fund Manager Survey cash levels hold to 4.2%, the lowest cash balance since March 2013. Image: BofA Merrill Lynch Global Fund Manager Survey

Sharpe Ratio for the S&P 500 U.S. stocks have had the best decade since the 1950s. The sharpe ratio is a measure of risk-adjusted return. Image: Bloomberg

10-Year U.S. Treasury Yield and Fed Insurance Rate Cut Chart suggesting a steeper yield curve and higher 10-year U.S. Treasury yields through mid-2020. Image: J.P. Morgan

S&P 500 Annual Gains The S&P 500 hits new record after U.S. and China strike deal to ease growing trade tensions. Image: Financial Times