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Commodities to S&P 500 ratio since 1970

Commodities to S&P 500 ratio since 1970.png

Regression to the mean = Down 53% from 7/19/2019

Regression to the mean = Down 53% from.png

G-20 stock market peaks since GFC

G-20 stock market peaks since GFC.png

Ominous spike in jobs hard to get

Ominous spike in jobs hard to get.png

Highest P/E ratios at all US market peaks prior to recessions

HIghest PE ratios at all US market peaks prior to recessions.png

S&P 500 valuations

S&P 500 valuations.png

Macro model shows US stock market record overvalued and overdue for bear market

Macro model shows US stock market record overvalued and overdue for bear market.png

Recessions-prolonged market impact

Recessions-prolonged market impact.png

US long-term government bond yields

US long-term government bond yields.png

Markets have continued to rally after previous yield curve inversions

Markets have continued to rally after previous yield curve inversions.png

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