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:


John Luke: It’s been awhile since 5% rates were an option for investors, things looked different back then


Source: Strategas as of 02.14.2023


Dave: and over the past few months stocks have risen despite adverse changes in rates (higher) and earnings (lower)


Source: Strategas as of 02.14.2023


Dave: Shelter is the current discussion point in the inflation debate


Source: Bianco as of 02.15.2023


John Luke: but the price pressures are as hot as they’ve been across a number of areas


Data as of 02.15.2023


John Luke: and job switchers are having no problem getting pay raises


Data as of 02.13.2023


Dave: 2023 has started with a high number of earnings pre-announcements relative to the past


Source: Strategas as of 02.14.2023


Dave: and earnings shortfalls sometimes take awhile to turn into actual recessions


Data as of 02.10.2023


John Luke: Equity valuations have remained stubbornly high given the lift in real yields


Data as of 02.10.2023


John Luke: We share this one regularly: Is the bond market FINALLY believing what the Fed keeps telling them?


Source: Bianco, as of 02.15.2023





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