The Market in Pictures, April 28

by | Apr 28, 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:

 

Brad: The recession playbook has mostly filled in and markets seem to be adjusting

 

Source: Strategas as of 04.24.2023

 

John Luke: though even a perfect economic forecast doesn’t lead to better investment forecasting

 

Source: Bloomberg as of 04.24.2023

 

Joseph: As often happens in slowdowns, analysts are banking on the back end of the year to make up for early-year weakness

 

Source: Bloomberg as of 04.24.2023

 

Joseph: but it’s hard to envision what might reverse the direction of the past 12 months

 

Source: Strategas as of 04.24.2023

 

John Luke: Stocks as a % of GDP are cheaper than at the peak but by no measure are they “cheap”

 

Source: Bianco as of 04.02.2023

 

Joseph: though when breaking down by sector there are significant differences across the universe

 

Source: Strategas as of 04.26.2023

 

Brad: and small cap stocks are at historically extreme cheapness relative to large cap

 

Source: Strategas as of 04.25.2023

 

Joseph: Energy companies have transformed themselves into cash-flow machines in recent years

 

Source: EIA as of January 2023

 

Joseph: perhaps putting future energy sources at risk but giving shareholders a much better experience

 

Source: EIA as of January 2023

 

John Luke:  A lot of talk about M2 crashing but in the grand scheme there is still plenty of money sloshing around

 

Source: Daily Shot as of 04.25.2023

 

Derek: it just may not be flowing into questionable areas

 

Source: Fidelity as of 04.24.2023

 

John Luke: Interesting to see the range of investor thoughts about current conditions and what may unfold

 

Source: Strategas as of 04.21.2023

 

 

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Past performance is not indicative of future results. This material is not financial advice or an offer to sell any product. The information contained herein should not be considered a recommendation to purchase or sell any particular security. Forward looking statements cannot be guaranteed.

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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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