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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