Russell 2000 Returns After New 52-Week Highs After more than a year without a new 52-week high, the Russell 2000 has been higher 12 months later 10 of 11 times and up 17% on average.…

Total U.S. Equity Fund Flows and Market Capitalization Currently, equity fund outflows over 12m (rolling) are at 1% of market capitalization, as in March 2003, March 2009 and June 2012. Image: UBS

Effect of Fiscal Policy on U.S. Real GDP Growth This chart suggests a negative effect of fiscal policy on real GDP growth in 2020. Image: Goldman Sachs Global Investment Research

S&P 500 and Equity Fund & ETF Flows Despite a record equity outflows, the U.S. stock market is up this year. Image: Fidelity Investments

FTSE Renaissance Global IPO Index and MSCI ACWI Index This chart shows that global IPOs overall have performed similarly with the overall global equity market. Image: Wells Fargo Investment Institute

Valuation – Relative P/E High vs. Low Dividend Yield Stocks This chart suggests that stocks that pay large dividends haven’t been so cheap since around 1980, relative to low dividend yield stocks. Image: Goldman Sachs…

House Prices Around Europe Chart showing house prices around Europe since the Great Financial Crisis. House prices in Norway and Sweden have been on a high rising trend. Image: Jeroen Blokland

World Equities and U.S. 10-Year Treasury Yield Chart suggesting that the round trip in U.S. Treasury yields explains the round trip in stock market valuation. Image: Financial Times

Percentage Contribution of Returns Between Dividends, Earnings and Valuation Since the beginning of the year, the multiple expansion explains the majority of returns in equities around the world. Image: Goldman Sachs Global Investment Research

Long-Term U.S. Dollar Cycles This chart shows bear and bull cycles in the U.S. dollar. Will the U.S. dollar enter a bear market? Image: Alpine Macro