1. Dividend contributions to large-cap total returns

Regardless of investment style, dividends have made a significant contribution to the long-term total return of U.S. large-cap equities.

BMO Global Asset  Dividend contributions to large-cap total returns | BMO Global Asset Management (bmogam.com)

1. IPOs enter a bear market in major divergence with “the market”—

Jason Goepfert–From Dean…With the air coming out of some of the more speculative pockets of the market, now is an excellent time to remember the following thought…with great reward comes significant risk.

With IPO, SPAC, Solar, and other speculative stocks down on a peak to trough basis of greater than 20%, let’s see how that compares to the technology bubble in the mid to late 1990s.

The Renaissance IPO index closed down more than 20% from its most recent high last week even as the S&P 500 was less than five days from a new all-time high. As the chart above shows, this is the second instance in history. With n=2, this isn’t to make any dire predictions; it’s merely an observation.

1. Forward P/E Ratios for FAANG Vs. S&P

Netflx and Amazon only FAANG stocks exponentially above S&P index P/E

Capital Group Blog https://www.capitalgroup.com/advisor/insights/articles/big-tech-big-trouble.html

1. Stimulus Fatigue Call Options?

1. Investors were Pouring into Bonds Pre-Election 2020 now Back to Record Stock Inflows….$56B Last Week

Marketwatch-Stock market investors poured a record amount of money into U.S. equity mutual funds and exchange-traded funds in the past week as the Dow Jones Industrial Average topped another milestone and the S&P 500 index also touched a record.  BofA Global Research on Friday said U.S. equity inflows hit a weekly record of $56.76 billion in the week ending March 17, up sharply from $16.83 billion a week earlier. The Dow DJIA, 0.14% on March 17 closed above the 33,000 for the first time, while the S&P 500 SPX, 0.49% also finished at an all-time high.

Investors poured record $56.8 billion into stock-market funds as stimulus checks arrived-By William Watts