The Market in Pictures, April 14

by | Apr 14, 2023 | Blog, Charts

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: Inflation comps get tougher in the next few months vs. the heart of the 2022 Ukraine spike

 

 

Source: Bianco as of 04.12.2023

 

John Luke: which seems to be adding to market confusion about the Fed’s plans for rates

 

Source: Bianco as of 04.06.2023

 

Dave: Year-to-date market cap gains have been bunched into the largest tech names

 

Source: Strategas as of 04.04.2023

 

Dave: a pattern that is more typical of down years not up

 

Source: Strategas as of 04.11.2023

 

Dave: US earnings have actually seen a larger cut than European ones, pretty rare in recent downturns

 

Source: Bernstein as of 04.12.2023

 

John Luke: and that’s before the unemployment spikes that often come following rate hike cycles

 

Source: Bernstein as of 04.03.2023

 

John Luke: Housing prices may be stagnant but they’ve had one heckuva rise in the past decade

 

Source: Creative Planning as of 04.07.2023

 

John Luke: which, when combined with higher rates, leads to math that is significantly in favor of renting over buying

 

Data as of 04.07.2023

 

John Luke: CPI might be elevated but it’s nothing compared to the growth in U.S. government spending

 

Source: Creative Planning as of 04.07.2023

 

John Luke: which puts us on track for another fun debt ceiling showdown

 

Source: Bianco as of 04.10.2023

John Luke: If October was the low for stocks, the conditions are quite different than previous lows

 

Source: Strategas as of 04.12.2023

 

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Advisory services are offered through Aptus Capital Advisors, LLC, a Registered Investment Adviser registered with the Securities and Exchange Commission. Registration does not imply a certain level or skill or training. More information about the advisor, its investment strategies and objectives, is included in the firm’s Form ADV Part 2, which can be obtained, at no charge, by calling (251) 517-7198. Aptus Capital Advisors, LLC is headquartered in Fairhope, Alabama. ACA-2304-20.

 

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Advisory services offered through Aptus Capital Advisors, LLC, a Registered Investment Adviser registered with the Securities and Exchange Commission. Registration does not imply a certain level or skill or training. More information about the advisor, its investment strategies and objectives, is included in the firm’s Form ADV Part 2, which can be obtained, at no charge, by calling (251) 517-7198.

Aptus Capital Advisors, LLC is headquartered in Fairhope, Alabama.

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