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:
John Luke: On the way to 16 of 18 weeks up for the S&P 500, it seems
Source: Daily Chartbook as of 02.28.2024
John Luke: We all know US stocks have been dominating foreign stocks in recent years, approaching global influence not seen since the 1960s
Data as of January 2024
Dave: accelerating in recent years due to a better economy
Data as of January 2024
Beckham: and while many complain about the reliance on a handful of megacap tech stocks, our market is no more concentrated than any other large country
Source: Bloomberg as of 02.29.2024
Brett: and don’t miss the global advance underway while others fret about a few big US tech stocks
Data as of 02.23.2024
Dave: Q4 earnings results have yet to flow through into the outlook for future quarters
Data as of February 2024
Brian: but the worst for smaller companies seems to be in the rearview mirror
Data as of 02.27.2024
Joseph: The rate-hike cycle of 2022-23 was different than prior cycles, with hikes coming mostly after official inflation figures were peaking
Data as of February 2024
Brad: and perhaps that timing has contributed to postponing the recession that everyone knew was coming
Source: Sevens Report as of 02.27.2024
Dave: The lack of a slowdown will likely keep near-term Personal Consumption Expenditures (PCE) from taking year-over-year measure much lower
Data as of 02.29.2024
John Luke: with the PCE’s “Supercore” measure especially sticky at higher levels
Source: Zerohedge as of 02.29.2024
Beckham: with improving productivity seemingly our most sustainable path out of higher inflation
Source: Paulsen Perspectives as of 02.28.2024
Joseph: The piece of the economy that most of the public can understand is housing; despite much higher mortgage rates we’ve seen barely a blip in prices
Data as of 02.28.2024
Brett: continuing the wealth effect experienced by most homeowners since the Global Financial Crisis
Data as of February 2024
Dave: Traditional valuation measures continue to be less reliable, as more of our businesses are growing without a large investment in tangible inventory
Data as of February 2024
Brad: and those who go back to investors for more equity ultimately see share prices lag others who can grow without ownership dilution
Source: @JeffWeniger as of 02.23.2024
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