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:
John Luke: The past few years have seen a change in the leading contributors to inflation, first goods and now services
Data as of 10.10.2024
Brett: with the overall cost of goods now flat year-over-year by government measures
Data as of 10.10.2024
John Luke: and the “supercore” services components now re-accelerating after hopes this favored FOMC measure would track towards their 2% target
Data as of 10.10.2024
Arch: Homeowners insurance is becoming an acute pain point for consumers, even those away from the most obvious hot spots
Data as of September 2024
Joseph: though as we’re seeing, there are really no areas completely safe from Mother Nature’s impact
Beckham: and the value of those homes being insured has risen dramatically in the past few years
Data as of July 2024
John Luke: Despite a job market that’s less tight than it was a year or two ago, the employment situation is nowhere near recession levels
Data as of August 2024
Brad: and general measures that have often driven consumer despair remain at healthy levels
Data as of 10.10.2024
Brian: but it will be interesting to see what corporations say about the levels of customer demand
Data as of July 2024
Dave: In typical fashion, Q3 earnings estimates have been falling throughout the quarter
Source: Strategas as of 10.07.2024
Brad: though that’s not stopping strategists from lifting estimates into 2025 and 2026
Joseph: also notable, stocks have a history of rising during this early phase of earnings seasons
Data as of July 2024
Dave: We’re just about two full years into this bull run, one of the better in recent times
Dave: though as we all know, small caps have been a serious laggard in this one
John Luke: On the other end of the spectrum, the biggest of the big have had huge gains backed up by business fundamentals
Arch: and despite comparisons to the dot-com bubble, those fundamental measures don’t illustrate similar levels of crazy
JD: We talk about this a lot; the way to protect against government spending is by owning more risk assets, with guardrails
Data as of September 2024
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