Search Interest for “Recession” Google search interest for “Recession” has declined. Is the fear gone? Image: Goldman Sachs Global Investment Research

S&P 500 – Percentage of Stocks with Upward Sloping 200-Day Average This chart suggests that the U.S. stock market’s internal trend is improving. Image: Strategas

Dividend Yield vs. Corporate Bond Yield This chart shows that dividend yields of European companies appear more attractive than corporate bond yields. Image: Goldman Sachs Global Investment Research

U.S. Real GDP Growth Leads Core Inflation This great chart suggests that U.S. real GDP growth leads core inflation by 18 months. Image: Oxford Economics, Macrobond

Most Important Variables When Forecasting Real GDP Search trends are very different between China (manufacturing industry) and the USA/Eurozone (consumer), when forecasting real GDP. Image: Arbor Research & Trading LLC

Who Is Buying U.S. Equities? The only buyer of US equities remains corporates, not households and institutions. Image: BofA Merrill Lynch Global Investment Strategy

10-Year Annualized Returns of US Large-Cap Stocks Since 1936 This chart puts the last ten years into perspective. Image: BofA Merrill Lynch

World – Central Bank Asset Purchases Great chart showing central bank asset purchases. Image: Oxford Economics

U.S. Rates Chart showing the dramatic plunge in interest rates over the past 10 months. On the positive side, the equity risk premium (ERP) is now higher. Image: Fidelity Investments

S&P 500 – Fundamental Factors Volatility The chart shows factor volatility at its highest level since 2016. Image: Goldman Sachs Global Investment Research

U.S. Nonfarm Employment and NFIB Survey If the trade war continues, it will have serious negative repercussions on the American economy. Image: Deutsche Bank Global Research