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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