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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