The Market in Pictures, May 26

by | May 26, 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:

 

Beckham: The idea that the Fed is going to cut rates continues to move farther into the future

 

 

John Luke: mirroring the continued push-out of the “looming recession”

 

Source: Apollo as of 05.22.2023

 

Dave: at a time when actual capital spending seems to have stabilized from multi-year lows

 

Source: BofA as of 05.22.2023

 

Dave: Narrow leadership is THE story of the past few months

 

Source: Goldman Sachs as of 05.22.2023

 

Dave: as the average stock just can’t keep up with the megacap tech leaders

 

Source: Raymond James as of 05.22.2023

 

Dave: and equal-weighting is trailing market-cap weighting by the most in two decades

 

Data as of 05.23.2023

 

Brad: resulting in a historic reliance on a few names to carry stocks higher

 

Source: Strategas as of 05.24.2023

 

John Luke: U.S. Treasuries have become less and less useful to foreigners in recent years

 

Source: Strategas as of 05.22.2023

 

John Luke: for not only geopolitical reasons, but also because they’re just not that attractive

 

Source: Strategas as of 05.24.2023

 

Dave: Speaking of foreign business exposure, it’s much higher for larger US companies than for the smaller ones

 

Source: Strategas as of 05.23.2023

 

Dave: creating a tricky situation for those large companies who’ve become more reliant on non-friendly regions

 

Source: PSC as of 05.22.2023

 

John Luke: On a positive note for the economy, consumers remain decently liquid despite some hits from higher prices

 

Data as of May 2023

 

John Luke: The question with all of this is, how will things change if the Fed truly ends (or even slows) its long period of stimulus

 

Data as of May 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.

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