Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and the way they fit the unfolding puzzle of evidence:
Brad: The recession playbook has mostly filled in and markets seem to be adjusting
Source: Strategas as of 04.24.2023
John Luke: though even a perfect economic forecast doesn’t lead to better investment forecasting
Source: Bloomberg as of 04.24.2023
Joseph: As often happens in slowdowns, analysts are banking on the back end of the year to make up for early-year weakness
Source: Bloomberg as of 04.24.2023
Joseph: but it’s hard to envision what might reverse the direction of the past 12 months
Source: Strategas as of 04.24.2023
John Luke: Stocks as a % of GDP are cheaper than at the peak but by no measure are they “cheap”
Source: Bianco as of 04.02.2023
Joseph: though when breaking down by sector there are significant differences across the universe
Source: Strategas as of 04.26.2023
Brad: and small cap stocks are at historically extreme cheapness relative to large cap
Source: Strategas as of 04.25.2023
Joseph: Energy companies have transformed themselves into cash-flow machines in recent years
Source: EIA as of January 2023
Joseph: perhaps putting future energy sources at risk but giving shareholders a much better experience
Source: EIA as of January 2023
John Luke: A lot of talk about M2 crashing but in the grand scheme there is still plenty of money sloshing around
Source: Daily Shot as of 04.25.2023
Derek: it just may not be flowing into questionable areas
Source: Fidelity as of 04.24.2023
John Luke: Interesting to see the range of investor thoughts about current conditions and what may unfold
Source: Strategas as of 04.21.2023
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