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: This year’s S&P 500 has been one of the steadier rises in recent history
Data as of 11.27.2024
John Luke: leaving the index in need of help from earnings and/or rates to justify significant progress over the next year or two
Data as of 11.22.2024
Dave: that said, history tells us that long-term optimism for stocks is the best outlook
Joseph: Other than a few fleeting moments, the US economy has dominated its developed peers
Brett: and corporations around the world have recognized the advantages of the U.S. market by making significant investments in their US operations
Data as of October 2024
Brian: and while foreign indices trade at lower valuations, they’re not cheap enough to offset the U.S. fundamental advantages, once you put the comparisons on the same playing field
Source: @lhamtil as of 11.24.2024
JD: Expanding out to a longer timeframe, the compounding of the US advantage stands out with a strong uptrend in earnings
Data as of 11.22.2024
JD: versus the long-term stagnation outside the US
Data as of 11.22.2024
Brad: Technology has dominated investor flows in this year’s rally, and presumably large cap over small
John Luke: but the fundamentals seem to be working toward a closing of the performance gap
Data as of 11.26.2024
Arch: Tariffs loom as a possible threat to US profit margins
Data as of 11.27.2024
Dave: but corporations are flexible enough to adjust to where their business gets treated best
Source: Strategas as of 11.26.2024
Joseph: The other area of investor concern is interest rates, whose recent rise has thus far been driven by higher growth expectations
Source: DataTrek as of 11.21.2024
John Luke: and uncertainty regarding the eventual rate that keeps investors and the Fed comfortable
John Luke: and of course, a whole lot of US federal government debt maturing and in need of replacement
Data as of 11.27.2024
Brian: Active ETFs have been the center of innovation since they were included in the preferential ETF tax treatment starting in 2019
Data as of 11.25.2024
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Past performance is not indicative of future results. This material is not financial advice or an offer to sell any product. The information contained herein should not be considered a recommendation to purchase or sell any particular security. Forward-looking statements cannot be guaranteed.
Projections or other forward-looking statements regarding future financial performance of markets are only predictions and actual events or results may differ materially.
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