Negative Yielding Debt in the Bloomberg/Barclays Aggregate Index This chart puts negative yielding debt into perspective. Bondholders will get back less than what they paid if they hold bonds to maturity. Image: Bianco Research Click…

Real U.S. GDP Growth Contribution and Forecast Chart showing real U.S. GDP expected at 2.0% in the fourth quarter of 2020. Image: Oxford Economics

U.S. Job Growth by President Chart suggesting that President Trump is an “average” president on job growth. Image: Scotiabank Economics

Most CFOs Expect A Recession Next Year CFO Survey: most CFOs predict a recession in 2020. Image: Charles Schwab, Duke CFO Magazine

U.S. and Global Real GDP Growth Chart suggesting a rebound in global growth outside the United States. Image: Morgan Stanley Research

Morgan Stanley Forecasts a Subdued Decade for Market Returns Morgan Stanley forecasts anemic returns over the next 10 years, due to low yields, low growth and low inflation expectations. Image: Financial Times

Equity Yields vs. Bond Yields vs. Cash Yields Chart showing the large gap in yields between equities, bonds and cash. Image: J.P. Morgan

Cumulative Interest Rate Cuts in OECD Countries Central banks in OECD countries haven’t cut this much since the Great Financial Crisis. Image: Deutsche Bank Global Research

U.S. 10-Year Note Yield: Reaction to Recoveries From Global Slowdowns Past recoveries from global slowdowns suggest that the 10-year Treasury yield could increase. Image: Arbor Research & Trading LLC

U.S. Corporate CCC-Rated Bonds Diverge During Trade War As the chart suggests, CCC-rated bonds are not the canary in the coal mine. The divergence in option-adjusted spreads between CCCs and higher-rated issues reflects the impact…

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