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:
Beckham: Equity valuations have done their usual post-low lift from late 2022, it now seems to be on earnings to carry future progress
Data as of 01.09.2023
Dave: and with valuations not historically cheap at these interest rates
Source: Bernstein as of 01.10.2024
Brett: and with the summer/fall wall of worry eating some of its upside fuel
Data as of 01.08.2023
Brad: it may pay to have more restrained expectations and/or find unique spots of more reasonable value
Source: Sevens Report
Dave: with perhaps a chance for overseas markets to attract some money given lower valuations
Source: Bernstein as of 01.09.2023
Brad: An area of the market that suffered a major lag in 2023 was the group of long-time dividend payers
Source: Strategas as of Dec 2023
Dave: with dividends in general remaining underappreciated in the past decade relative to historical norms
Source: Strategas as of 01.08.2023
Brian: We all know the struggles of both small and value stocks vs. large growth in recent years, but long-term comps remain favorable
Source: Aptus as of 12.31.23
Mark: and options markets are implying higher potential for moves in smaller stocks relative to large?
Source: CBOE as of 01.08.2024
Joseph: Energy companies have been able to keep production higher than expected, using technology to extract from depleting wells
Data as of December 2023
John Luke: and with supply generally fading, perhaps seasonality can put a floor under crude prices for a bit
Data as of 12.31.2023
Brian: For all of its supposed growth, China stocks are barely above their levels of the early 1990s
Source: Aptus via Curvo as of 01.08.2023
Dave: and it’s steadily losing its biggest economic engine as exports fade, at least to the United States
Data as of December 2023
John Luke: Interesting arbitrage going on for US banks to profit from cheap government funding
Source: WSJ as of 01.06.2023
Brad: Reminder that stock market leadership is not permanent
Source: Strategas as of Dec 2023
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