The Market in Pictures, December 13

by | Dec 13, 2024 | 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:

 

Dave: Government inflation measures are trying to settle into the 2-3% range

 

Source: Raymond James as of 12.11.2024

 

 

Brian: with services the entire source of inflation now that the price of goods has gone flat year-over-year

 

Data as of 12.11.2024

 

 

John Luke: that said, the % of inputs undergoing disinflation is no longer expanding

 

Source: Vanda Research as of 12.11.2024

 

 

John Luke: The US economy is still feeling the impact of COVID-era fiscal stimulus 

 

Source: Goldman Sachs as of November 2024

 

 

Brett: part of the reason there are no developed economies expecting a recession in 2025

 

Source: Schwab as of 12.10.2024

 

 

Beckham: We all know tech has been a great performer, but all sectors have had some degree of upside in 2024

 

 

 

Joseph: partly due to the expectation that profit margins will continue to rise

 

Data as of 12.09.2024 via Tker

 

 

Brad: Good reference for comparing this move to past moves from bear market lows

 

Data as of 12.09.2024

 

 

Arch: and regardless of the future path, comparisons to the 2000 top look downright silly

 

Source: @SethCL as of 12.06.2024

 

 

JD: It’s been another tough year for European stocks, one of the worst relative to the US

 

Data as of 12.06.2024

 

 

Beckham: and while the valuation discount has been a reason some have bought international stocks, once you adjust for sector composition the discount hasn’t yet been enough to stem the tide

 

Data as of 12.12.2024

 

 

John Luke: It’s the money going out that’s expanding the government deficits, not the money coming in

 

Source: Goldman Sachs as of 12.06.2024

 

 

John Luke: and the expanding debt burden is increasingly falling on domestic holders

 

 

Dave: Meanwhile, US consumers as a whole are thriving and reducing debt burdens

 

Source: Goldman Sachs as of November 2024

 

 

Joseph: After being caught flat-footed into the 2023 and 2024 equity rallies, strategists are getting more aggressive with 2025 price targets

 

Data as of 12.12.2024

 

 

 

 

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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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