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:
Mark: The ability of US corporations to sit patiently with long-term debt has been one of the unique attributes of this rate-hiking cycle
Data as of July 2023
Dave: and current homeowners sit with that same luxury
Data as of July 2023
John Luke: combined with the rise in home prices, prospective homebuyers are fighting to find a way in
Data as of July 2023
Brad: Q2 earnings mostly over, better than expectations that had been reduced throughout the year
Source: Strategas as of 08.14.2023
Dave: leading to a stabilization in consensus estimates after a 12 month stretch in which estimates fell by over 10%
Source: Raymond James as of 08.16.2023
Dave: Supply chain reliance on China continues to fall
Source: Strategas as of July 2023
John Luke: with growth from Mexico and EU/UK offsetting up much of the recent decline
Data as of July 2023
Dave: Large-cap growth has become as concentrated at the top as it was in the dot-com bubble
Dave: but rotation month-to-month has been useful in keeping the recovery alive
Source: PSC as of 08.15.2023
John Luke: Fed Funds has finally overtaken core inflation
Data as of 08.14.2023
John Luke: with real rates now reaching levels not seen since before the global financial crisis
Source: Macrobond as of 08.14.2023
John Luke: but will the hikes to date be enough to offset the shrinking labor supply as workers continue to retire in record numbers?
Data as of June 2023
Joseph: The US stock market has stood out in recent decades, or high risk-adjusted returns. Tech has played a key role but it’s not the sole factor
Source: Strategas as of 08.14.2023
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