U.S. High Yield Bonds and Leverage Loans The pace of downgrades has accelerated in the U.S. leveraged loan market, despite declining interest rates. Image: Goldman Sachs Global Investment Research

U.S. Consumer Sentiment The University of Michigan Consumer Sentiment Index is more sensitive to financial markets, whereas the Conference Board Index reflects labor market conditions. Image: J.P. Morgan

U.S. Stock Market Performance During U.S. Presidential Election Years Chart showing the average performance of the Dow Jones Industrial Average during U.S. presidential election years, since 1900. Image: Wells Fargo Investment Institute

U.S.: Market Odds of A Fourth Rate Cut The Fed may be inclined to press the pause button in the “mid-cycle” policy easing. Image: Oxford Economics

Russel 2000 and Unprofitable Small Caps The proportion of small caps that are unprofitable has climbed to nearly 30%. This level is generally only observed during recessions. Image: BofA Merrill Lynch Global Research

S&P 500 Index Returns After Three 25 Basis Point Rate Cuts After three rate cuts of 25 basis points in 1975, 1996 & 1998, the S&P 500 was, on average, up more than 10% six…

U.S. Consumer Spending, Business Investment and U.S. GDP Right now, consumer spending is the driving force behind the U.S. economy. Image: Financial Times

S&P 500 New Highs Since 1950, November 14 has the most S&P 500 new highs ever at 11. Image: Ryan Detrick, LPL Financial LLC

Total Annual Health Care Spending Per U.S. Family Headlines say there’s no inflation, but U.S. health care costs have skyrocketed. The annual health care cost for U.S. families is $23,000 vs. $10,000 in 2003. Image:…

U.S. Consumer Confidence Leads U.S. Unemployment Chart suggesting that U.S. consumer confidence leads U.S. unemployment by three months. Image: Pictet Wealth Management

U.S. 10Y-2Y Yield Curve and U.S. High Yield Bonds Chart suggesting that high yield prices are not likely to perform well. Image: Morgan Stanley