Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and why:
JL: by any measure, the inflation picture is different than the past two decades
Source: PGM Global as of 6/14/2022
Dave: heading for only the 4th instance of back-to-back tandem losses for both stocks and bonds, out of the past 185 quarters
Source: Strategas as of 6/9/22
Brad: been a LONG time since 10 yr yield made a higher high than prior
Source: Strategas as of 6/14/22
JD: again, like nothing we’ve seen in the past four decades
Source: Bianco as of 6/16/2022
JL: real yields are finally starting to compensate investors for the unfolding tightening
Source: Bloomberg as of 6/15/22
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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.
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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