Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and why:
1) JL: hard to believe Fed Funds rate is still only 1% given the CPI backdrop, real yields are quite negative
Source: Bianco Research as of 5/25/2022
2) Dave: the majority of stocks have already dropped >20%, maybe the S&P just finally caught up.
Source: PSC as of 5/23/2022
3) Brad: and what’s odd is performance and flows aren’t following their usual script:
Source: Strategas 5/23/2022
4) JD: looks like a bit of room for the Energy : Tech spread to keep narrowing?
Source: The Felder Report, 5/20/2022
5) Joseph: and to confirm where capacity lies, look who has added workers, and who has reduced. Or better word…slashed workers!
Source: Strategas 5/24/2022
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