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: Market expectations for 2024 interest rate cuts are slowly moving back towards FOMC guidance
Data as of 02.05.2024
John Luke: as the underlying economy is producing data indicating that the inflation battle is still underway
Source: Bloomberg as of 02.05.2024
Dave: and long bonds are suffering as a result, relative to historical post-hiking cycle performance
Source: Strategas as of 02.04.2024
John Luke: Large growth continues to dominate
Source: Morningstar as of 02.05.2024
Brad: but one of the “Mag 7” is losing its place
Source: Strategas as of 02.06.2023
Brian: which is something that has often occurred in the following year for the largest market-cap companies
Source: GMO as of Jan 2024
Dave: and looking out a few quarters shows the possibility of some serious earnings gains for smaller companies
Source: Strategas as of 02.07.2023
Beckham: It’s not a surprise to see how far ahead tech is, at the expense of all other sectors
Source: Grindstone Intelligence
John Luke: but now prices for technology stocks have raced far ahead of their own earnings
Joseph: while the neglected energy companies shovel cash flow into buybacks and dividends
Data as of January 2024
Dave: Earnings estimates are bumping slightly off of the bottom
Data as of 01.31.2024
Brad: as the trickle of reports turns into a flood, and shows better growth than expected a month ago
Data as of 02.02.2024
Brian: Confidence among corporate executives is moving nicely higher from multi-year lows
Data as of 02.08.2024
Beckham: as inflation worries fade but equally important, the general level of interest expense among corporations
Data as of January 2024
Joseph: Everyone knows most foreign markets have significantly lagged the U.S., but this pic shows an interest set of dynamics
Source: Raymond James as of 02.09.2024
Brett: Regular reminder, ETFs operate with a different (better!) tax structure than mutual funds
Via @nategeraci
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