Recessions are Bad for Stocks...
-but only during the first part -stocks do well in the later stages Basically you need to lighten exposure into recession, then load up in the depths. Source: Schroders thru Callum Thomas
BREAKING: 90% of US cities saw a rise in year over year unemployment rates in July, according to the BLS.
Jobless rates jumped in 350 of the 389 metropolitan areas last month. Additionally, in 8 large metro areas with a population of 1 million or more, FEWER people held a job in July 2024 than in July 2019. At the same time, average weekly wages DROPPED in 43% of the 389 metropolitan areas. In 5 of the 8 highest-paying areas with average weekly wages above$1,400, salaries declined year-over-year. The US labor market is weakening. Source: The Kobeissi Letter
Is the SP500 trading out of sync with other markets?
Source: zerohedge, Morgan Stanley
Speculators have turned Bearish on the U.S. Dollar for the first time since February 🚨
Source: Barchart, Bloomberg
The world's most important stock exchange and the world's most important stock index.
Source: J-C Parets
Asset class returns as of end of August and since 2011
Source: Charlie Bilello
Sector Heatmap Performance for August 🔥
📈 Consumer Staples were the biggest winners $XLP 📉 Energy was the biggest loser $XLE Source: Trend Spider
The S&P 500 is up 18.4% in the first 168 trading days of 2024, the 15th best start to a year going back to 1928 and best start to a presidential election year ever.
Source: Charlie Bilello
