I quite like this way of looking at the data - it includes many critical diagnostic variables in one slide .... bravo TSL ... I think it also shows you how important the real UST yield (inverted here) is in defining appetite for stocks ... which in turn links to inflation expectations and investors' view of the balance of policy stability ... right now, real yields are low but positive in the US ... this shows us that investors remain confident that inflation is being managed within sensible parameters and the balance of economic policy remains broadly stable. One to copy and attach to the next slide deck!!