The Market in Pictures, June 10

by | Jun 10, 2022 | Blog, Charts, Market Updates

Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and why:

 

1) JD: this stayed on the “anti-correlation” side for a few years but 2022 has kicked off another red/high correlation period 

 

 

2) JL: Japan still trying to play the “Yield Curve Control” game

 

Source: Bianco as of 6/8/2022

 

3) Dave: easily the fastest tightening of the modern era

Source: PSC as of 6/6/22

 

4) JL: ECB is way behind the Fed, finally starting to acknowledge reality?

 

Source: Charlie Bilello as of 6/7/2022

 

5) Dave: as a % of disposable income, energy is far less than old highs but heading in the wrong direction

 

Source: Strategas, Data as of 6/3/2022

 

Disclosures

 

Past performance is not indicative of future results. This material is not financial advice or an offer to sell any product. The information contained herein should not be considered a recommendation to purchase or sell any particular security. Forward looking statements cannot be guaranteed. 

This commentary offers generalized research, not personalized investment advice. It is for informational purposes only and does not constitute a complete description of our investment services or performance. Nothing in this commentary should be interpreted to state or imply that past results are an indication of future investment returns. All investments involve risk and unless otherwise stated, are not guaranteed. Be sure to consult with an investment & tax professional before implementing any investment strategy. Investing involves risk. Principal loss is possible. 

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.

The S&P 500® Index is the Standard & Poor’s Composite Index and is widely regarded as a single gauge of large cap U.S. equities. It is market cap weighted and includes 500 leading companies, capturing approximately 80% coverage of available market capitalization.

The Bloomberg Barclays US Aggregate Bond Index is a broad-based flagship benchmark that measures the investment grade, US dollar-denominated, fixed-rate taxable bond market. The index includes Treasuries, government related and corporate securities, MBS (agency fixed-rate pass-throughs), ABS and CMBS (agency and non-agency).

The 10 Year Treasury Rate is the yield received for investing in a US government issued treasury security that has a maturity of 10 year. The 10 year treasury yield is included on the longer end of the yield curve. Many analysts will use the 10 year yield as the “risk free” rate when valuing the markets or an individual security.

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