With a few weeks left in the third quarter, the S&P 500 hovers near the 2000 level, approximately 6.5% below all-time highs.

US Treasury yields have spent the year creeping slowly higher with the 10-year yield now holding near 2.30%. Dollar strength has been notable, but after briefly crossing the 100.00 level in March, the Dollar Index treads near 95.30, up 5.7% for the year.

All of this has developed as the world waits for the the Federal Reserve to raise the Fed Funds for the first time in nine years.

Elsewhere, the slowing of the Chinese economy and its impact on emerging markets has been a big theme throughout the summer.

For context on all of this, David Kelly and the market strategy team at JP Morgan Asset Management released this slide deck to assess the state of markets and the economy.

Note: Thanks to J.P. Morgan Asset Management for giving Business Insider permission to feature this presentation.