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:
Derek: We’ve had quite a bounce in equities since mid-June, how does it compare to previous bear market rallies
…or new bull markets?
Dave: Hard to say, but there has been a pattern of stocks bottoming before or during the recession not after
Source: Strategas 08.17.2022
JL: We’ve seen folks note the “breadth thrust” that has signaled new bull runs, but prior instances occurred with the yield curve as a tailwind not headwind
Source: Strategas as of 08.17.2022
Brad: Buybacks are rising…
Source: Strategas 08.18.2022
Dave: …but earnings estimates are falling
Data as of 08.15.2022
JL: Inflation expectations seem to be stabilizing…
Source: Raymond James as of 08.10.2022
…though that could be a function of the “2% magnet” that Wall Street seems to always have in mind
Source: Bianco as of 08.16.2022
JL: Next up, Quantitative Tightening
Source: The Market Ear as of 08.18.2022
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