Notably, China is the only major equity market down since pandemic (China, US, DM, EM ex-China: white, purple, blue, yellow).

By: Wei Li

The Federal Reserve decided to go big with its first interest rate cut in four years, dropping the Fed Funds Rate by 50 basis points. It also signaled that more cuts are on the way, projecting a further 50 basis point drop by the end of 2024 and another 100 basis point reduction by the end of 2025.

By: Robert Spendlove

"Americans are consuming more capital than they produce. US national net savings by households, businesses and the government have been negative since 1Q23, for only the third time since 1947. The other two times were 2008-11 and 2020."

By: Daily Chartbook

Hard to overstate the effects of this seismic shift on housing demand... Marriages increasingly come later in life, if at all, which is rocking the housing market.

By: CRE Analyst

Recent equity rotations reflect a downgrade to the market’s outlook for economic growth, but the prospect of Fed easing has left the S&P 500 near its all-time high.

By: David Kostin

In times where there are a lot of moving parts, and big uncertainty, it’s a good idea to back to basics. The real engine behind the market moves is corporate earnings growth.

By: Gustavo A. Cano

"Bulls are leaving the building: II bears are rising as bulls drop to lowest level of 2024. S&P 500 has struggled to make sustained upside progress over the past decade when the Bull - Bear Spread has been less than 20%."

By: Daily Chartbook

"Consensus projections for the 12-month forward EPS growth continue to rise, as the broader market (i.e. the S&P493 in the US) embarks on an earnings upcycle after returning to profits for the first time in six quarters this season."

By: Daily Chartbook

Fun fact for today. From January 2021 through August 2024, the aggregate weekly paycheck for nonfarm employees (private nonfarm payroll times average weekly earnings) has increased by 29.3%.

By: Paul Kasriel

Recession Risk is Rising

By: Topdown Charts