U.S. Real GDP and Components of GDP In Q2 2019, U.S. GDP was 68% personal consumption. Image: J.P. Morgan Asset Management

U.S. ISM Manufacturing Index and Historical Mean The historical mean of the ISM Manufacturing Index stands at 52.9. Image: Saxo Bank Research & Strategy

U.S. Election Years Volatility U.S. election years are on average similarly volatile, but 2020 could be different. Image: BofA Merrill Lynch

Conference Board CEO Business Confidence – Expectations for Economy 6 Months Ahead CEOs in the U.S. remain pessimistic about economic conditions. Outside of U.S. recession, CEO confidence has never been so low. Image: Pictet Asset…

Drawdowns in S&P 500 vs. ISM Surveys Interesting chart showing drawdowns in S&P 500 versus ISM surveys. Weakness in the manufacturing and service sectors matters. Image: Sampension

Currency Impact on International Returns (MSCI ACWI ex-U.S.) Chart showing the currency impact on the MSCI All Country World ex-U.S. Index. Image: J.P. Morgan Asset Management

Cumulative Flows into U.S. Domiciled Mutual Funds and ETFs Are money-market funds flows a contrarian indicator? Image: Goldman Sachs Global Investment Research

S&P 500 Quarterly Performance by Presidential Cycle Chart showing the breakdown of the S&P 500 quarterly performance by presidential cycle since 1950. Image: Ryan Detrick, LPL Financial LLC

U.S. ISM Non-Manufacturing Index Minus ISM Manufacturing Index and Real U.S. Dollar Index This chart suggests that a strong dollar hurts U.S. manufacturers. Image: Oxford Economics

NFIB – U.S. Small Business Economics Trends U.S. small business economy and hiring plans remain strong. Image: BCA Research

Total Carbon Emissions by Country (CO2) China, the United States, and India account for almost half of the total global carbon emissions. Image: Global Carbon Project