The Market in Pictures, December 23

by | Dec 23, 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 fit the unfolding puzzle of evidence:

 

JL: Markets are no longer buying the Fed’s hawkish story

 

Data as of 12.16.2022

 

 

JL: Still hard to believe the insanity of the yield curve (and the Fed) just a year ago

 

 

Source: Bond Bloxx as of 12.20.2022

 

 

Dave: It goes well beyond the Fed; global central banks have even tougher inflation fights on their hands, and no dual mandates to consider employment

 

 

Source: PSC as of 12.16.2022

 

 

JL: and even the Bank of Japan took a step in the direction of tightening

 

 

Data as of 12.21.2022

 

 

JL: Recession expectations continue to grow

 

 

Data as of 12.19.2022

 

 

Brad: but an earnings recession hasn’t always coincided with market downturns

 

 

Source: Strategas as of 12.16.2022

 

 

Beckham: The performance dispersion between traditional growth and more cyclical industries is still wide on a secular basis

 

 

 

 

JL: and we’ve yet to see any shift in the market’s largest companies

 

 

Source: Strategas as of 12.19.2022

 

 

 

 

 

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