U.S. Housing Market – MBA Purchase Index

U.S. Housing Market – MBA Purchase Index Mortgage applications in the U.S. continue to decline due to a combination of high interest rates and elevated home prices, resulting in a 28-year low. Image: The Daily Shot

S&P 500 Index Valuation vs. Fed Funds Rate

S&P 500 Index Valuation vs. Fed Funds Rate Given that much of the stock market’s progress this year can be attributed to valuation expansion, it is likely that U.S. stocks will eventually experience a correction to adjust to the impact of higher interest rates. Image: Real Investment Advice

Seasonality – Average Daily Performance of the S&P 500

Seasonality – Average Daily Performance of the S&P 500 Could a Santa Claus rally occur in 2023? To determine this, we must assess historical seasonal patterns and the impact of factors such as interest rates, economic indicators, geopolitics, and investor sentiment. Image: Deutsche Bank

Rolling 24 Month Correlation Between U.S. Bonds and Equities

Rolling 24 Month Correlation Between U.S. Treasury Bonds and Equities In an inflationary world, U.S. Treasury bonds aren’t effective hedges against U.S. stocks due to inflation eroding bond payouts and rising interest rates leading to bond price declines. Image: BofA Research Investment Committee

U.S. Small Bank Loans and U.S. Large Bank Loans

U.S. Small Bank Loans and U.S. Large Bank Loans U.S. banks play a vital role in supporting economic growth, and despite the challenges posed by rising interest rates, they continue to provide loans to individuals and businesses. Image: Morgan Stanley Wealth Management

Valuation – S&P 500 Forward P/E and 10-Year U.S. Real Yield

Valuation – S&P 500 Forward P/E and 10-Year U.S. Real Yield Is the current disconnect between the valuation of U.S. stocks and the impact of real interest rates on the economy expected to be temporary? Image: Goldman Sachs Global Investment Research

Number of U.S. IPOs

Number of U.S. IPOs Elevated interest rates have a direct impact on the IPO market in the United States. Image: Goldman Sachs Global Investment Research

Consecutive Trading Days of Inverted 10Y-3M U.S. Treasury Yield Curve

Consecutive Trading Days of Inverted 10Y-3M U.S. Treasury Yield Curve The inversion of the 10Y-3M UST yield curve typically reflects market expectations of slower economic growth and potentially lower interest rates in the future. Image: Morgan Stanley Wealth Management

Gold vs. 10-Year U.S. Real Rate

Gold vs. 10-Year U.S. Real Rate Gold tends to be negatively correlated with U.S. real interest rates. Is gold at risk of price decline? Image: Morgan Stanley Wealth Management