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:


Brad: Without a corresponding price drop, the rise in mortgage rates is making it real hard on prospective buyers


Source: Strategas as of 02.28.2023


John Luke: as the math starts to favor prospective renters over buyers


Data as of 02.27.2023


John Luke: and current owners sit pretty with low rates locked in


Data as of 02.27.2023


Joseph: Owners of office buildings, however, are more likely to have loans coming due into harsh pricing


Data as of 02.27.2023


John Luke: and our own Treasury faces the same steep repricing of debt



Joseph: and even well-financed corporations will lose the tailwind of lower rates


 Source: Strategas as of 02.27.2023


John Luke: Flush homeowners have zero incentive to pay down mortgages, with money market yields exceeding their mortgage rates


Data as of 02.28.2023


John Luke: while Wall Street strategists remain inexplicably low in their suggested allocations to cash


 Data as of 03.01.2023


John Luke: Credit has grown right alongside nominal GDP


 Source: Pavilion as of 02.28.2023


John Luke: And investors aren’t really being compensated for risk seemingly seen by loan officers


 Data as of 03.01.2023


Brad: People refer to the stock market, but under the hood it really is a “market of stocks” with wildly varying industry conditions


Source: Strategas as of 02.28.2023




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