The Market in Pictures, October 21

by | Oct 21, 2022 | Blog, Charts

Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and how they help fill the puzzle of evidence:

 

John Luke: “Unprecedented” has been the word of the year in markets, pushing for another here as we reach 12 straight weeks of rising yields

 

 

JD: and with the persistence of the rising yields across the curve

 

Source: Strategas as of 10.20.2022

 

 

John Luke: economists are still hesitant to extrapolate continued rate rises

 

 

Data: Strategas as of 10.19.2022

 

 

Beckham: and Wall Street strategists continue to default to their “Today plus 8-12%” methodology

 

 

Source: Bloomberg as of 10.19.2022

 

Brad: Earnings estimates are finally starting to come down

 

Source: Strategas as of 10.14.2022

 

 

Brad: and the proportion of non-earners remains high but well off the craziness of 2020-21

 

 

 

Source: Strategas as of 10.18.2022

 

 

Dave: The world is split b/w those with low-rate mortgages and those without

 

 

Source: Raymond James as of 10.20.2022

 

 

John Luke: and prices are still substantially higher than just a few years ago

 

 

Source: Piper Sandler as of 10.19.2022

 

 

John Luke: Remember negative-yielding debt? How was that a thing?

 

 

Source: Strategas as of 10.19.2022

 

 

John Luke: Short-term Treasuries are finally providing real competition to the “There is No Alternative” regime

 

 

 

Source: Pavilion as of 10.19.2022

 

 

John Luke: and it’s showing up with assets flooding into money-market funds

 

 

Data as of 10.19.2022

 

 

John Luke: What is worrying markets right now is the stickiness of services inflation

 

 

Data as of 10.19.2022

 

 

Joseph: and what happens when our lack of supply emerges as a renewed trend higher in energy prices?

 

 

Data as of 10.14.2022

 

 

 

 

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