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: The market is finally in gear with the FOMC’s actual plans


Source: Bianco as of 03.20.2024


Brad: and this longer “pause” period has seen strong equity performance, similar to past episodes


Source: Strategas as of 03.20.2024


John Luke: what’s interesting is that the FOMC seems to think they’re imposing fairly tight policy while market measures say they aren’t


Source: TS Lombard as of 03.18.2024


Brad: It does seem that vigilance against inflation is a bit less than where they’ve talked in the past


Source: Strategas as of 03.20.2024


Dave: possibly contributing to why near-term inflation expectations are back on the rise


Source: Strategas as of 03.18.2024


John Luke: Central banks around the world are generally tightening but there are exceptions



John Luke: and with the Bank of Japan’s hike, we finally have all major nations back out of that odd negative rate policy experiment



Dave: It’s interesting to see (weak) bond funds continue to capture so many assets


Source: Strategas as of 03.18.2024


Brian: but somewhat encouraging to see investors avoiding the historically lame high-yield asset class



John Luke: As we often note, valuations can matter in the short-term but stocks ultimately move in the direction of earnings



Beckham: and technology continues to earn its place of leadership, with earnings as good as anyone into Q1


Source: Data as of 03.20.2024


Dave: with a clear impact on the divergent price histories of the S&P 500 and Russell 2000 in recent years


Source: Strategas as of 03.18.2024


Brett: Speaking of sectors, technology is king but over time leadership has always eventually changed hands



Brian: but regardless of leadership, it’s paid to own the S&P 500 no matter which sector was leading the way


Source: Aptus as of 03.18.2024




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