The Market in Pictures, August 26

Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and the way they fill the puzzle of evidence:

Dave: Where will Fed Funds and CPI intersect?

JL: and will the 10 year bond again give us clues to when the hiking cycle may end?

Data as of 08.22.2022

JL: Either way, global central banks have a long way to go to get in gear with traditional rate policy

Data as of 08.16.2022

JL: The real rates market is starting to factor in hikes for longer

Data as of 08.22.2022

JL: …as investors push out expectations of when inflation can approach the Fed’s stated 2% inflation target

Source: Strategas 08.18.2022

Brad: The international bear market vs. US stocks is now 15 years

JL: …and these periods of relative performance have historically run in cycles

Data as of 08.24.2022

Joseph: Energy stocks have been a zig to the market’s zag in recent years

Source: Strategas as of 08.22.2022

JL: It may not feel that way but equity volatility has been relatively tame compared to bonds and currencies

Source: Bianco as of 08.22.2022

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