The Market in Pictures, September 23

by | Sep 23, 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: This year already ranks with some of the worst modern markets for the frequency of big down days

 

Source: Bespoke

 

Joseph: …largely a function of equity valuations resetting in the face of yields surging

 

Data as of 09.22.2022

 

Brad: Price/earnings compression due to rates is approaching the tech bottom

 

Source: Strategas as of 09.20.2022

 

Brad: …but nowhere near historic lows if you measure the same by the Consumer Price Index (CPI)

 

 

Source: Strategas as of 09.20.22

 

John Luke: The new FOMC dot plot shows a bump in rate expectations

 

 

Source: Bloomberg as of 09.21.2022

 

Dave: …but let’s be honest, the best description for the accuracy of FOMC forecasting might be “LOL”

 

Source: Raymond James as of 09.20.2022

 

Dave: No longer a TINA (There is No Alternative) world, as T-bills yield more than even yield-heavy sectors

 

Source: Strategas as of 09.22.2022

 

John Luke: …yet High Yield investors remain uncompensated for the risk environment

 

Source: Strategas as of 09.19.2022

 

Dave: Federal Interest Costs in the US are already rising

 

 

Source: PSC as of 09.21.2022

 

John Luke: …and Europe is facing an ugly winter with unprecedented energy costs

 

 

 

Beckham: Owners’ equivalent rent is just now starting to impact official inflation readings

 

Source: Bianco as of 09.21.2022

 

Dave: …but optimists hope that money supply reduction starts to dent some of the inflation we’ve seen

 

Data as of 09.16.2022

 

 

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