Julee Dyer

There's a few days left in 2015.

Looking back, there were a lot of huge stories in the markets and the economy.

The Federal Reserve ended the era of zero interest rate policy. China's spectacular stock market went boom and bust. Oil gained and then hit multi-year lows. US stocks had a roller coaster ride and is on track to end lower for the year.

Throughout the year, Business Insider has been giving you reflections of what's been happening in the market and economy through our Chart of the Day.

We've shown you that wage growth pressures have been building (and building). We've shown you the steady decline in the Baker Hughes oil rig count. We've shown you that stock valuations were too high, then coming back to earth; that consumers were getting more confident; that corporations have seen earnings disappear, and more.

Here we've collected all of these charts from the smartest analysts and a few of our own design.

Each chart is accompanied by the headline of the day, a snippet from the story to refresh your memory, and a link so you check out the full post.

Enjoy reminiscing on 2015.

This annotated S&P 500 chart gives investors the chills (January 5) JP Morgan

"Not that it means anything, but just looking at the chart is a bit nerve-wracking. The S&P 500 is up over 200% from its low. That's more than twice the gains we saw going into the most recent crash."



More and more investors are convinced a stock-market crash is coming (January 6) Yale School of Management

"The Yale School of Management publishes a monthly Crash Confidence Index. The index shows the proportion of investors who believe we will avoid a stock-market crash in the next six months."

Check out the whole post» 



The US economy is on the verge of achieving something that's been unthinkable for years (January 7) Nuveen Investments

"We also think it is possible that US real growth will surpass that of the emerging-market economies for the first time since 1999."

Check out the whole post» 



Big scary stock market sell-offs happen all of the time in bull markets (January 8) JP Morgan

"Bottom line: Sell-offs happen. And sometimes they're big. But they're normal, and they're no reason to panic."

Check out the whole post» 



The percentage of workers in government is at a 54-year low (January 9) FRED

"Government employment since the 1970s has grown at a slower rate than employment overall, causing the proportion of government employees among total employees to remain on a mostly downward trend over the last 30 years."

Check out the whole post» 



By this measure, the market has never been more expensive (January 12) Wells Capital Management

"The Shiller P/E ratio, which is a price-to-earnings ratio based on 10-year average earnings, is a popular metric and is at its third-highest point ever. Our own Henry Blodget has often used the Shiller P/E to bolster his argument that the stock market is fabulously overvalued and could be primed for a crash."

Check out the whole post» 



Wage pressures are building up in the US job market (January 13) @M_McDonough

"One of the only disappointing parts of last Friday's jobs report was the 0.2% drop in average hourly wages, potentially indicating an ongoing problem in the labor market. But, there's every possibility that the December wage drop will prove to be a fluke of the calendar."

Check out the whole post» 



If the stock market closes higher this year, it'll do something it's never done before (January 14) DoubleLine Capital

"The US stock market has been up for six consecutive calendar years — from 2009 to 2014. If it closes up in 2015 for the seventh year in a row, it'll be the first time this happens ever."

Check out the whole post» 



One of the best predictors of recessions is rapidly approaching the here-comes-a-recession Level (January 15) Deutsche Bank

"Well, one indicator that has a perfect record of predicting recessions is creeping toward some uncomfortable levels: the yield curve."

Check out the whole post» 



US rig count falls by most in 5 years (January 16) Business Insider/Andy Kiersz

"As the price of oil has tumbled, this number has become more closely watched as the market looks for signs that companies are shuttering production as a result of lower prices. On Thursday night, oilfield services company Schlumberger announced that it would cut 9,000 jobs in response to the decline in oil prices."

Check out the whole post» 



This chart shows the big problem with that inequality study everybody's talking about (January 20) Oxfam

"However, the report includes the following chart showing the share of global wealth belonging to the top 1% and the bottom 99%. Except there is a big problem: linear extrapolation."

Check out the whole post» 



Gas prices have fallen for a record 16 straight weeks (January 21) FRED

"The fall in gas prices was a big part of the drop in the consumer price index seen in December, and economists have argued that the money families save on lower gas prices could spur more consumption on other goods."

Check out the whole post»  



Here are the owners of European sovereign debt (January 22) Deutsche Bank

"Of Greece, Portugal, and Ireland, foreign nonbanks hold the biggest share of Irish government debt."

Check out the whole post»  



The number of US oil rigs has dropped almost 20% from its October high (January 23) Business Insider/Andy Kiersz

"And so while the weekly count includes oil and natural gas rigs, this week 49 oil rigs shut down while 6 natural gas rigs were brought online. Oil is where the action is."

Check out the whole post»  



Stock market bubbles don't just burst suddenly they're wild processes (January 26) UBS

"When stock market bubbles come to a head, they make wild swings both up and down. UBS's Julian Emanuel zoomed into the stock market action during the previous two major market peaks to illustrate this important observation."

Check out the whole post»   



Here's something you don't see every day (January 27) Deutsche Bank

"In the just-released IMF World Economic Outlook the 2015 forecast for the US has been raised by 0.5 to 3.6%. I used to work at the IMF WEO division and I don't recall having seen before a forecast where the US was revised up significantly and everyone else was revised down."

Check out the whole post»   



How the American shale boom warped the oil production cost curve (January 28) Goldman Sachs

"But by 2014, $80 a barrel was the breakeven price for 25,000 kbd of production. So in just five years, the amount of oil that was produced with a breakeven price of $80 a barrel more than tripled. And what's more, over this period, oil prices lingered between $90-$100 a barrel."

Check out the whole post»   



Europe's largest economy is officially in deflation (January 29) Pantheon Macroeconomics

"Deflation is a very scary phenomenon. When prices fall, consumers and businesses often hold back on purchases hoping for even lower prices. Economic activity seizes and prices continue to fall in a self-reinforcing cycle."

Check out the whole post»   



American consumers are loving life (January 30) FRED

"One of the brightest highlights of the report was a big and broad based jump in real personal consumption expenditures at a 4.6% annualized growth rate, the strongest level we've seen since 2006."

Check out the whole post»   



The big US oil companies have confirmed the business spending collapse we've been worried about (February 2) Goldman Sachs

"Overall for S&P 500 companies, Kostin estimates capital expenditures will decline 3% year-over-year to $676 billion."

Check out the whole post»  



The President's budget proposal probably won't help America's dying bridges (February 3) Goldman Sachs

"Eventually, federal reform is inevitable but it is far from clear that it will come about as part of this year’s debate on infrastructure financing."

Check out the whole post»  



US oil production is still going through the roof (February 4) @Mark_J_Perry

"And via Mark Perry at the American Enterprise Institute, oil production in January was at the highest monthly level since October 1973 – 41 years ago. This surge comes even as data from Baker Hughes shows that rig counts continue to decline."

Check out the whole post» 



Greece has spent 90 of the past 192 years in financial crisis (February 5) BAML

"And what's more, BofA notes that Greece has spent 90 of the past 192 years in either default or debt restructuring."

Check out the whole post» 



US oil drillers continue to shut down rigs at a breakneck pace (February 6) Business Insider/Andy Kiersz

"As the price of oil has cratered, so have the number of oil rigs in use. But in its most recent earnings announcement, Baker Hughes – which also said it would cut 7,000 jobs — said that in past downturns in oil prices, the number of rigs in use have fallen by 40%-60%."

Check out the whole post»



Sales growth for America's big companies is now expected to be zero (February 9) Goldman Sachs

"And so as the crash in oil prices takes it toll on America's largest oil companies, the 500 biggest companies now face the collective specter of no sales growth this year."

Check out the whole post»



Wall Street analysts are pretty terrible at forecasting corporate profits (February 10) Citi

""[A]nalysts are usually too bullish on corporate profits."

Check out the whole post»



US crude oil inventories are at their highest level in at least 80 years (February 11) Deutsche Bank

"A report from the Energy Information Administration on Wednesday said that US Crude inventories rose by 4.9 million barrels last week. This was more than the 3.6 million barrel increase that was expected."

Check out the whole post»



Restaurants and bars are crushing it (February 12) FRED

"On Thursday, the January report on retail sales showed food services and drinking places saw the biggest year-over-year jump for any kind of business, as sales increased 11.3%."

Check out the whole post»



American workers hardly ever go on strike anymore (February 13) Business Insider/Andy Kiersz

"Only 11 work stoppages, including both strikes and lockouts, involving at least 1,000 workers began in 2014, tied with 2010 for the second lowest number on record."

Check out the whole post»



This is what $11.83 trillion worth of household debt looks like (February 17) NY Fed

"Household debt grew to $11.83 trillion in the fourth quarter of 2014."

Check out the whole post»



The epic rise of Marlboro cigarettes (February 18) Altria

"Marlboro achieved record retail share of 43.8% [in 2014], larger than the next 10 brands combined."

Check out the whole post»



David Rosenberg doesn't know how to feel about this force anchoring 90% of the industrialized world (February 19) Gluskin Shiff

"Deflation is a scary monster. Falling prices encourage businesses and consumers to wait for even lower prices. But that in turn causes economic activity to seize up, which makes prices fall even further."

Check out the whole post»



The Fed will raise rates faster than the market thinks (February 20) BAML

"This sets the Fed up to hike rates at a faster pace over the next year than the front end of the rates curve is pricing in."

Check out the whole post»



US job growth hasn't been this strong relative to demographics since the 1950s (February 23) High Frequency Economics

"The roughly four-to-one between payrolls growth and potential labor force growth in 2014 was stronger than in any year since the 1950s!"

Check out the whole post»



Here's a chart of interest rates since 3000 BC (February 24) Citi

"And now for the really big picture, via a speech from the Bank of England's Andy Haldane — and flagged in a research note by Citi — here is a look at interest rates since 3000 BC."

Check out the whole post»



Robert Shiller's revered stock market valuation ratio is crappy at predicting 12-month returns (February 25) Citi

"Intuitively, you'd think that a high CAPE would be followed by low or negative returns, while a low CAPE would be followed by higher positive returns. This would manifest as blue dots going from the top left to the bottom right.

By eyeballing it, it's obvious the trend is not clear."

Check out the whole post»



Deflation comes to America (February 26) FRED

"This deflation is nothing to worry about. For a net importer like the US, lower gasoline prices are a good thing"

Check out the whole post»



Here's why the oil rig count doesn't matter (February 27) Capital Economics

"The rig count decline is still not sufficient, in our view, to achieve the slowdown in US production growth required to balance the oil market."

Check out the whole post» 



This Lumber Liquidators chart should've raised red flags for everyone who saw it (March 2) Whitney Tilson

"When you see a commodity business suddenly double its profit margins, that raises red flags."

Check out the whole post» 



No, higher wages won't destroy earnings growth (March 3) Citi

"While workers rejoice, some investors are nervous about the impact that higher wages (and the cost to companies) may have on earnings growth.

But according to Citi's Tobias Levkovich, these concerns are overblown."

Check out the whole post» 



Americans are spending more at bars and restaurants than grocery stores for the first time in history (March 4) FRED

"This chart, which we first saw from economist Mark Perry, shows that in January, spending at bars at restaurants totaled $50,475,000,000 against $50,466,000,000 spent at grocery stores."

Check out the whole post» 



We already have some good news about the jobs number that hasn't come out yet (March 5) Pantheon Macroeconomics

"So, whatever we think about the true increase in February payrolls, we have to temper our expectations for Friday's first stab at the number."

Check out the whole post» 



Happy Birthday, Bull Market! (March 6) Business Insider

"Only three [bull markets] since World War II have lasted this long."

Check out the whole post» 



The pace of US job creation hasn't been this good in 15 years (March 9) Deutsche Bank

"Job growth is now running at a 3.3 million annual rate; this is the strongest performance since the 12 months ending March 2000."

Check out the whole post»



Jeff Gundlach illustrates why putting all of your money in Apple is a bad idea (March 10) DoubleLine Capital

"It's the performance of the S&P 500 (purple line) versus the performance of holding the just the stock of the S&P 500 company with the biggest market cap (multi-colored line)."

Check out the whole post»



The stock market has gone up this far, this fast only twice since 1900 (March 11) Societe Generale

"Such a strong six year run up in US equities has only been seen twice since 1900, i.e., back in 1929 and 1999, neither of which ended well."

Check out the whole post»



How a few poorly-timed trades can torpedo two decades of healthy returns (March 12) JP Morgan

"For instance, if an investor stayed fully invested in the S&P 500 from 1995 through 2014, they would've had a 9.85% annualized return."

Check out the whole post»



When Janet Yellen starts talking about stocks, hit mute (March 13) @cdixon

"Valuation metrics in some sectors do appear substantially stretched—particularly those for smaller firms in the social media and biotechnology industries, despite a notable downturn in equity prices for such firms early in the year."

Check out the whole post»



Tech stocks today look nothing like they did in 2000 (March 16) BAML

"However, at roughly 16.8 times the 2015 earnings forecast by BofA Merrill Lynch Global Research’s equity strategy team, Tech stocks are nowhere near the lofty valuations of 2000."

Check out the whole post»



A pricey valuation is not a sign that stocks are doomed to tank (March 17) BMO Capital Markets

"Therefore, we believe investors are likely overstating the importance of elevated P/E levels as it relates to potential market performance in the coming months."

Check out the whole post»



S&P 500 companies shoveled $376 billion in cash to shareholders last year (March 18) Factset

"Butters included a chart showing that dividends per share (the blue line) have grown at an amazingly fast rate and are at a 20-year high."

Check out the whole post»



This is how much 'slack' is left in the job market (March 19) Nomura

"Here's a look at the gap the unemployment rate must close until we once again see economists declaring that we've reached 'full employment.'"

Check out the whole post»



It looks like the Fed believes in secular stagnation (March 20) Deutsche Bank

"In my view, the risks are rising that the Fed is becoming too pessimistic about the outlook."

Check out the whole post»



America is saving not spending its gas savings (March 23) Deutsche Bank

"What are consumers doing with the extra money? [The chart] appears to show that much of the benefit from lower gas prices is being saved."

Check out the whole post»



GOLDMAN: You have until about April 13 to buy stocks on dips (March 24) Goldman Sachs

"Investors should view any market pressure as a buying opportunity."

Check out the whole post»



Stock market trading volumes are on the rise for the first time in years, and that could be bad (March 25) Deutsche Bank

"In the coming months, we should expect higher volatility and higher volumes across all asset classes, as more and more investors realize that the Fed is actually going to hike rates this summer."

Check out the whole post»



The oil sector is destroying overall capital goods spending (March 26) Pantheon Macroeconomics

"With oil prices unlikely to recover anytime soon, in our view, the crunch in capital spending in the sector has some way yet to run."

Check out the whole post»



This chart tells the entire story of the US housing recovery (March 27) Deutsche Bank

"The housing recovery is about one thing: renters."

Check out the whole post»



All of the bullish stuff economists said about the oil crash has been wrong (March 30) FRED

"Remarkable really, hard to explain with savings rates averaging 4.5% September/October/November, jumping to 4.9% December, 5.5% January and now today 5.8% in February."

Check out the whole post»



This indicator makes it clear that wage growth is coming (March 31) Deutsche Bank

"Once the unemployment rate among people out of work less than six months falls to an extremely low level, as it recently has, employers may be forced to bid up increasingly scarce skilled labor."

Check out the whole post»



The amount of oil being shipped by rail has increased 50-fold since 2010 (April 1) EIA

"US railroads now carry 33.7 million barrels of oil a month across the country."

Check out the whole post»



Economists are always too optimistic about the world (April 2) Citi

"Consensus expectations of growth have proven consistently too optimistic, leading to systematic downward revisions."

Check out the whole post»  



The most important chart from Friday's jobs report (April 3) FRED

"But despite the report disappointing to expectations, job gains are still solid and the unemployment rate for an essential part of the economy is still sinking: college graduates."

Check out the whole post»  



This is the most important inflation indicator (April 6) BAML

"Consumer import price inflation is likely to continue to drop, as weak inflation overseas continues and weak commodity prices and the strong dollar work their way into consumer prices."

Check out the whole post» 



One economist says the surge in job openings shows an economy at 'full employment' (April 7) FRED

"Someone please tell the data-dependent 17 members of the Federal Open Market Committee: the labor market is stronger than you think."

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Earnings expectations have been cut so low they might just get beat (April 8) BAML/Business Insider

"But this bar has been taken so low, companies might just be able to clear it."

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It's stunning how little interest mom and pop have in the stock market (April 9) Citi

"The lack of US retail investor interest in stocks has been stunning and equity market tops usually consist of overly aggressive individual investor interest in the asset class."

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This is the 6th longest US economic expansion we've had since the 1850s (April 10) Guskin Schiff

"Looking at all the indicators on capacity, monetary policy, and inflation today versus the exact same phase of the other modern-day long cycles of the 1990s and 2000s, this current one still has a lot of legs."

 Check out the whole post»   



The No. 1 thing companies are complaining about right now (April 13) Factset

"Based on the earnings calls to date, the stronger US dollar has been cited by the most companies in the index as a factor that either had a negative impact on earnings or revenues for Q1, or is expected to have a negative impact on earnings and revenues in future quarters."

 Check out the whole post»  



Look at how little Americans are spending on their debt payments (April 14) Fundstrat

"Indeed, Americans did so much cutting that the household debt service ratio – that is periodic debt payments as a percentage of total disposable income – is near a record low of 9.9%."

 Check out the whole post» 



Earnings forecast revisions are worthless (April 15) Morgan Stanley

"You'd think that when Wall Street experts cut expectations for earnings, stock prices would fall.

But that simply hasn't been true. And it hasn't been true for decades."

 Check out the whole post» 



Corporate default rates are at their lowest levels in modern history (April 16) Deutsche Bank

"In recent years we've explained this phenomenally low default environment by discussing the increasingly artificial demand for fixed income which has allowed more borrowers to access capital markets at cheaper rates."

 Check out the whole post» 



America's West Coast ports are booming again (April 17) CitiFX

"West Coast ports account for more than half of all inbound containers to the US."

 Check out the whole post» 



The risk of a market shock causing spillovers is worse today than it was before the financial crisis (April 20) IMF

"According to a new study from the IMF, correlations in general are much more elevated these days than they were before the financial crisis."

 Check out the whole post» 



Wall Street's strategists and stock pickers have switched places for the first time in 7 years (April 21) Fundstrat

"In other words, Lee seems to be implying that he and his peers are more right while the stock analysts out there are more wrong"

 Check out the whole post»  



Everything we know about PE ratios crammed into a useful, yet somewhat confusing chart (April 22) Barclays

"Barclays' Jonathan Glionna offers a much more granular look at the history of PEs and future returns in a note to clients this week. And in an incredible feat, he crammed all of the information into one chart."

 Check out the whole post»  



Here's how Warren Buffett sees the stock market (April 23) JP Morgan Asset Management

"Over the long term, the stock market news will be good."

 Check out the whole post» 



There is a growing disconnect in the stock market (April 23) BAML

"A new Bank of America Merrill Lynch survey published Friday finds that US investors have pulled $79B out of equities year to date — including net outflows in 9 of the past 10 weeks — despite stock prices continuing to break new record highs."

 Check out the whole post» 



This would be 'impossible' if profit margins were under pressure (April 27) FactSet

"While the absolute earnings upside largely reflects the 'beat and guide lower' that occurred last quarter, the revenue weakness coupled with the large earnings beat relative to consensus is the key to assessing margins."

 Check out the whole post» 



Wage growth is clearly accelerating if you look at it this way (April 28) Pantheon Macroeconomics

"If the data are recalculated using fixed pre-crash employment weights, wage growth is now running at about 2.3% year-over-year, a bit more than the 2.1% increase in the published numbers in the year to March."

 Check out the whole post» 



Here's a $1.2 trillion pile of cash, and it's not on corporate or government balance sheets (April 29) Credit Suisse

"On conservative estimates, the combined firepower from corporate cash, re-leveraging and private equity 'dry powder' is $4.2trn, or 10% of global market cap."

 Check out the whole post»  



The people who nailed the horrific Q1 GDP number have bad news about Q2 (April 30) Atlanta Fed

"And just a day after the disappointing Q1 GDP release, the Atlanta Fed has news about Q2: the economy will grow by just 0.9%, according to their latest forecast."

 Check out the whole post»    



This wage growth metric is exactly where it was the last time the Fed started hiking rates (May 1) CitiFX

"ECI wages and salaries (dark blue) are now exactly where they were when fed funds began to rise in 2004."

 Check out the whole post»    



The truth about 'sell in May and go away' (May 4) Business Insider

"We are not saying to 'Sell in May,' as we are still constructive on the market, but rather our main message is to manage expectations over the next few months."

 Check out the whole post»   



Americans are losing confidence in the economy (May 5) Gallup

"The recent dip in Americans' economic confidence — which is being dragged down largely by the lower economic outlook component — is likely the culmination of a variety of economic factors."

 Check out the whole post»  



GUNDLACH: When the Fed starts hiking rates, 'GET OUT' of this asset class (May 6) DoubleLine Capital

"But with the prospects of higher rates not too far off, the big risk is that investors start dumping these bonds as higher quality bonds become more attractive and the risk profile of these companies increases."

 Check out the whole post»  



Global interest rates have only been this low 3 times since 1522 (May 7)