The Market in Pictures, August 19

by | Aug 19, 2022 | 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 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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