The Market in Pictures, March 24

by | Mar 24, 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:

 

John Luke: The market sure seems to think the Fed is done hiking

 

Source: Bianco as of 03.22.2023

 

Joseph: and with the Fed’s forecasting record, it might make sense to follow the market’s lead

 

Source: Bianco as of 03.21.2023

 

John Luke: After an unprecedented series of hikes into an inverted yield curve

 

Source: Strategas as of 03.21.2023

 

Dave: markets now face the challenge of the backside of a hiking cycle

 

Source: Strategas as of 03.22.2023

 

Beckham: and a “not yet” potential easing cycle

 

Source: BNP Paribas as of 03.17.2023

 

John Luke: Market breadth is separating to the downside from the S&P 500

 

Source: Harvest Investor as of 03.20.2023

 

John Luke: as investors flock to the old MAGA names

 

Source: Goldman Sachs as of 03.21.2023

 

Dave: and active fund managers resume their position trailing behind major indices

 

Source: Strategas as of 03.21.2023

 

John Luke: The fears of those fund managers have flipped from rising rates to a credit crash

 

Source: BofA as of 03.21.2023

 

Dave: with this particular phase of the economy having a history of struggles

 

Data as of 03.21.2023

 

Brad: and historical recession warning lights flashing clearly

 

Source: Strategas as of 03.22.2023

 

Dave: 2022 looks to have ushered in an environment providing less cover than the negatively-correlating zig-zagging of bonds vs. stocks

 

Source: Strategas as of 03.20.2023

 

 

 

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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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