Rearview to Windshield, February 2024

January ‘24 Market Recap → Good Start, Bad Breadth: Despite the S&P 500 rally, the equal-weighted S&P 500 fell 0.7% as breadth narrowed to just 34% (% of stocks ahead of S&P 500), a bottom 3rd percentile in history. The “Nifty 50” gained 3.0%,...

The Market in Pictures, January 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 fit the unfolding puzzle of evidence:   Brett: Core Personal Consumption Expenditures (PCE) is said to be the Fed’s favorite indicator, and it’s...

The Market in Pictures, January 19

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: It’s no secret that central banks plan to cut rates this year   Data as of 01.12.2024...

The Market in Pictures, January 12

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:   Beckham: Equity valuations have done their usual post-low lift from late 2022, it now seems to be on...