The Market in Pictures, June 2

by | Jun 2, 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: Technically an up month for stocks, but only if you’re concentrated in megacap tech

 

 

John Luke: as you go outside of tech, not many positive outcomes

 

Source: Strategas as of 06.01.2023

 

John Luke: which is a continuation of the theme since the lows last fall

 

Source: Strategas as of 05.27.2023

 

John Luke: Speaking of dispersion, US and foreign markets have historically had long cycles of outperforming one another

 

Source: Ned Davis Research as of May 2023

 

Dave: and regions such as Europe are particularly inexpensive versus valuations in the U.S.

 

Source: Bernstein as of 05.29.2023

 

Brad: but is it “Europe undervalued” or “US overvalued”?

 

Data as of April 2023

 

John Luke: Unprecedented domination by the largest S&P 500 components

 

Source: Strategas as of 05.27.2023

 

Dave: the dominance of which is more supported by popularity than the actual business results of those companies

  

Source: Strategas as of 05.27.2023

 

Brad: History tells us these heavy hitters haven’t fared well historically after reaching these heights

 

Source: Dimensional as of 2022 HT @mebfaber

 

Derek: but maybe instead of flowing out of the market, those profits can just get spread into the broader market of stocks?

 

Data as of May 2023

 

John Luke: Treasury yields have had quite the range over the past year, especially at the short end of the curve

 

Source: SouthState Bank as of 05.31.2023

 

John Luke: as inflation expectations have adjusted higher from historical lows

 

Data as of May 2023

 

John Luke: The good or bad luck of one’s retirement date can make a huge difference in the chance they’ll have sufficient funds for future needs

 

Source: Virtus as of October 2022

 

John Luke: but it’s also important to allocate enough to growth vehicles in order to reduce the sneaky “longevity risk” of outliving one’s savings

 

Source: Virtus as of 2022

 

 

 

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Advisory services offered through Aptus Capital Advisors, LLC, a Registered Investment Adviser registered with the Securities and Exchange Commission. Registration does not imply a certain level or skill or training. More information about the advisor, its investment strategies and objectives, is included in the firm’s Form ADV Part 2, which can be obtained, at no charge, by calling (251) 517-7198.

Aptus Capital Advisors, LLC is headquartered in Fairhope, Alabama.

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