S&P 500 and Percent of World Markets Above their 50-Day Moving Average Historically, oversold conditions in a breadth thrust regime tend to be bullish for U.S. stocks. Image: All Star Charts
ISM Manufacturing PMI vs. Cyclicals/Defensives Ratio Could the ISM Manufacturing PMI fall into contraction territory? Image: The Daily Shot
U.S. Labor Market – CEO Confidence Survey vs. Jobless Claims As CEO confidence declines, the fight against inflation could cause job losses. Image: Real Investment Advice
Estimated Impact of Commodity Prices on YoY Core PCE Inflation Goldman Sachs forecasts U.S. core PCE inflation of 4.2% in December 2022. Image: Goldman Sachs Global Investment Research
U.S. Unemployment Rate Consensus Forecasts Is the U.S. labor market too hot for the Federal Reserve’s liking? Image: BofA Global Investment Strategy
Valuation – Rule of 20 vs. S&P 500 Total Return Index The rule of 20 (P/E + CPI) still suggests that U.S. equities are overvalued. Image: Real Investment Advice
Potential Pathways for Inflation – U.S. Headline CPI Could a more moderate pace of tightening provide a tailwind to U.S. stocks and credit? Image: J.P. Morgan Asset Management
S&P 500 Forward Bottoms Up Consensus Earnings Should investors expect a significant decline in earnings growth? Image: Morgan Stanley Research
S&P 500 Next Calendar Year EPS Revision – August Through December Should investors expect further earnings revisions in the coming months? Image: Morgan Stanley Research
Tech Stocks – U.S. 30-Year Yield and META Some tech stocks tend to be a simple derivative of interest rates Image: BofA Global Investment Strategy
Russian Gas Flows to Northwest Europe How long will the energy crisis last in Europe? Image: BofA Global Research