The Market in Pictures, January 13

by | Jan 13, 2023 | 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: Have we entered a new regime of how stocks and bonds interact?

 

Source: Strategas as of 12.30.22

 

Mark: speaking of correlations, it’s interesting to see how dispersion can kick in as earnings seasons get underway

 

Source: Susquehanna as of 01.09.23

 

Beckham: Earnings estimates would appear to have room to move lower, using leading indicators

 

Source: Morgan Stanley as of 01.09.23

 

Dave: and European earnings would appear to have room to move lower as well

 

Source: Bernstein as of 12.30.22

 

Brad: Data is building in favor of a recession ahead

 

Source: Strategas as of 01.10.23

 

Dave: but it’s important to remember that expansions and bull markets have last much longer than contractions and bear markets

 

Source: Schwab as of 12.30.22

 

Brad: Crude oil production hasn’t reached its pre-COVID levels

 

Source: Strategas as of 01.06.23

 

Joseph: and with assets maturing it would create quite a squeeze if/when we need it

 

 

John Luke: China has been loosening policy at a time most countries (including the US) are tightening

 

 

Dave: but generally China has been little more than a trading vehicle for decades, growth or not

 

Source: Strategas as of 01.09.23

 

 

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