The Market in Pictures, December 9

by | Dec 9, 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:

 

Dave: It’s been a year of really high day-to-day volatility

 

Source: Strategas as of 12.07.2022

 

JL: but much more an uncertainty grind than a market of fear, with VIX restrained vs. prior drawdowns

 

Data as of 12.05.2022

 

Dave: Obviously, a bad year for stocks as measured by the S&P 500

 

Source: Jefferies as of 12.07.2022

 

 

Dave: but within the indices, major dispersion in performance across sectors in recent years

 

Data as of 12.05.2022

 

Dave: Dividends have often played a key role coming out of downturns

 

Data as of 12.01.2022

 

Beckham: which lines up well with our current environment of high inflation

 

Source: SSGA as of 10.01.2022

 

Brad: Forecasts for rising margins seems a bit questionable given wage pressures and Fed rate policy

 

Source: Strategas as of 12.05.2022

 

Brad: putting 2023 earnings estimates at risk of being trimmed more aggressively

 

Source: Strategas as of 12.05.2022

 

Joseph: Speaking of 2023, it’s been a long time since Wall Street strategists expected lower prices in the year ahead

 

Data as of 12.07.2022

 

Brad: and given impact of higher discount rates on valuation, it’s not hard to see why

 

Source: Sevens Report

 

 

 

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