U.S. Stock-to-Bond Ratio Leads U.S. Real GDP Chart suggesting that the U.S. stock-to-bond ratio leads U.S. real GDP by 6 months, which could indicate higher GDP growth. Image: Alpine Macro

The Biggest IPOs of All Time Saudi Aramco could be the world’s biggest IPO. Image: Statista

S&P 500 Index and UBS Weighted Global Growth Surprise Index The divergence between the S&P 500 Index and the global growth surprise index could explain why this bull market is so hated. Image: Swedbank Research

S&P 500 Price Return 12-Month Period Following Midterm Election Since 1946, the S&P 500 has never declined in the 12 months following a midterm election. Image: Strategas

U.S. Employment Rate 55+ The U.S. employment rate of older workers is increasing in a long-term trend. Image: Ernie Tedeschi

Probability of VIX Spiking Above 20 and Growth Level The probability of VIX spiking above 20 in the next 3 months is 60% at this level of growth. Image: Goldman Sachs Global Investment Research

Inequality – Wealth per Adult Around the World The U.S. with median wealth per adult at $65.9K, and Canada ($107K), are the wealthiest in the Western Hemisphere. Image: howmuch.net

EUR/USD and Real 10-Year Yield Chart showing EUR/USD against real 10-year yield differentials, which are a fundamental long-term factor for currency pairs. Image: Societe Generale Cross Asset Research

Central Banks Actions Lead Emerging Markets Manufacturing Surveys Chart suggesting that central banks actions lead emerging markets manufacturing surveys by 8 months. The net number of EM central banks cutting rates has reached 50% of…

S&P 500 and U.S. Election Chart showing a series of potential outcomes for the S&P 500 Index in the 2020 U.S. election. Image: Goldman Sachs Global Investment Research

ISM Non-Manufacturing Index, ISM Manufacturing Index and U.S. GDP U.S. ISM indices suggest a slowdown in the US growth rate, but not an imminent recession. Image source: ING Economics