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A Bird's Eye View Blog

Market Highlights in Charts 2.21.18

By:BCM Investment Team | Date:Feb21, 2018 | Category: Equity, Economics, Market Highlights, Fireside Charts

1. Has it really been only 7 weeks since the beginning of the year?

2018 ytd percentage change sp 500 

Source: Thechartstore.com; As of 2/19/18

 

 

2. When stocks are suddenly 10% cheaper...

 stock buybacks

Source: WSJ Daily Shot; As of 2/19/18

 

 

3. Markets do tend to retest lows...

 sp 500 daily bar chart

Source: Sevens Report; As of 2/21/18

 

 

4. Walmart was down 10% yesterday on weak earnings, the lowest margins ever, and a bleak outlook versus Amazon.

walmart vs amazon

Source: WSJ Daily Shot; As of 2/22/18

 

 

5. When stocks were falling in price... so too were the diversifying commodities. When markets broil, risk assets correlate towards 1!

2018 ytd percentage change gold crude oil copper
Source: Thechartstore.com; As of 2/19/18

 

 

6. Simple, yet historically a solid predictor.

change in unemployment preluding a recession

Source: WSJ Daily Shot; As of 2/21/18

 

 

7. This is what the markets are worried about...higher rates, increasing debt, and uncharted territory.  Will the Fed make another, let alone multiple, policy mistakes?

federal debt 

Source: WSJ Daily Shot; As of 2/21/18

 

 

8. With all of 2018's volatility, where is all the money going?

 structural flows us and em bond funds

Source: WSJ Daily Shot; As of 2/21/18

 

 

9. We are watching closely...
high yield fund flows

Source: WSJ Daily Shot; As of 2/19/18

 

 

10. Regardless of cause, yields are up across the curve.
us treasury yield curve

Source: Thechartstore.com; As of 2/19/18

 

11. The resistance line is 3.04% on the 10-year UST.
us treasury yields

Source: Thechartstore.com; As of 2/12/18

 

 

12. As the 5 year UST yield easily passes the 1.8% S&P 500 dividend yield, will bonds start to vie for the same income producing capital?

 us 5yr government bond yield

Source: WSJ Daily Shot; As of 2/14/18

 

 

13. A whole generation emerges with a massive debt load.  Want to know why the economy is struggling in areas like new car purchases?  Entry level salaries just cannot pay for both!

 student loan debt

Source: WSJ Daily Shot; As of 2/21/18