S&P 500 Earnings Yield vs. 10-Year U.S. Treasury Yield The gap between the S&P 500 earnings yield and the 10-year U.S. Treasury yield is currently relatively high. Image: Goldman Sachs Global Investment Research

Global Consumers (Housing and Retail) vs. Confidence (Soft Data) Chart showing the large divergence between global hard data and confidence (soft data). Confidence still refuses to rebound. Image: Arbor Research & Trading LLC

Demographics – U.S. Money Velocity and Population Growth The population of 20-54s will start to increase and could therefore lead to higher money velocity. Image: Longview Economics

U.S. Corporate Debt Maturity Wall This chart shows the massive wave of maturities faced by investment-grade and speculative-grade U.S. companies in coming years. Image: Oxford Economics

MSCI ACWI Returns vs. Global Bond Returns This chart shows that global bond returns are outpacing stocks. Image: Financial Times

S&P 500 Return vs. NonFarm Payrolls Since 1988, the cumulative return of the S&P 500 has been much better when nonfarm payrolls have exceeded 100,000. Image: Pictet Wealth Management

U.S. 60/40 Portfolio Annual Price Return So far this year, the standard U.S. 60/40 portfolio has had its best year in two decades. Image: Goldman Sachs Global Investment Research

Various S&P 500 Index 6-Month Returns Since 1950 Historically, the Nov-Apr period is the best 6 months of the year for stocks. Image: Ryan Detrick, LPL Financial LLC

Demographics – U.S. Inflation (CPI) vs. U.S. Population Aged 20-54 The population of 20-54s will start to increase and could therefore lead to a return to inflation. Image: Longview Economics

U.S. Job Growth It is the 109th consecutive month of job growth. That’s a record. Image: Ryan Detrick, LPL Financial LLC

Probability of U.S. Recession Within 12 and 24 Months Chart suggesting that the probability of U.S. recession within 12 and 24 months remains relatively moderate. Image: Goldman Sachs Global Investment Research