Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and why:
JL: History would indicate that the end of Fed tightening is a ways off
Data as of 07.06.22
Dave: Q2 earnings results may hold the key to 2nd half performance, will high single-digit consensus hold?
Source: FactSet,BofA as of 7.13.2022
Brad: CPI still running hot. Even if next 7 months show ZERO monthly changes we’ll still be >5%
Source: Strategas as of 7.14.2022
Dave: Recessions with job growth can happen, 1970s are a good example
Source: Pavilion as of 07.13.2022
JL: The yield curve inversion is really kicking in now
Source: Strategas as of 07.14.22
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The Consumer Price Index (CPI) measures the change in prices paid by consumers for goods and services. The CPI reflects spending patterns for each of two population groups: all urban consumers and urban wage earners and clerical workers.
Treasury yield is the return on investment, expressed as a percentage, on the U.S. government’s debt obligations. Looked at another way, the Treasury yield is the effective interest rate that the U.S. government pays to borrow money for different lengths of time.
Fixed income securities are subject to certain risks including, but not limited to: interest rate (changes in interest rates may cause a decline in market value or an investment), credit, prepayment, call (some bonds allow the issuer to call a bond for redemption before it matures), and extension (principal repayments may not occur as quickly as anticipated, causing the expected maturity of a security to increase).
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