Here's 10 charts on the S&P500 covering the short term outlook, medium term earnings outlook, US election, and political risk. Overall a similar conclusion from last week holds i.e. that short-term there remains some risks, but medium term the outlook is positive on the back of improving earnings. Aside from that there remains considerable uncertainty on the policy front (and importantly, this uncertainty includes the possibility of material positive uplift e.g. tax policy, as well as potential disappointment). So enjoy the charts, and good luck for inauguration week (and the weeks thereafter!), and keep an eye on those divergences...