For full disclosure I am in the "lower inflation" camp, BUT I must admit that I see a lot of leading indicators of inflation that are pointing higher ... at least for a quarter or two. This could have MAJOR implications for the Fed in 2024.

By: Francois Trahan, M2SD

In this case looking at a different metric still leads to the same general conclusion: relative to the rest of the world, the US equity market is the most expensive.

By: Oliver Loutsenko

So what you are showing is the the US magnificent 7 could offer shares and buy the entire Chinese stock market or ANY other market globally and steal their sovereignty.

By: Chris Galizio

The consensus believes that the greatest risk comes not from holding stocks, but from not holding enough of them.

By: Christopher Pavese

This chart was shared a good amount last month and I’m a huge fan of The Conference Board, so I figured I’d post one more Monday update.

By: Oliver Loutsenko

The world's top 5 stock markets by market cap. It has been a one-man show by the US. Note that India is moving into 4th position.

By: Charles-Henry Monchau, CFA, CMT, CAIA

Spread between S&P 500 earnings yield and 10y U.S. Treasury yield continues to sit quite low and is hovering near early 2000s territory.

By: Liz Ann Sonders

We have entered a new geopolitical regime:  

By: Wei Li

The blended net profit margin for the SPX for Q4 is 10.7% which is below the 1-, 5-, and 10-year averages, and the lowest since Q2 2020.

By: Daily Chartbook

10-Year Treasury Largest Short Position in History 🚨: Hedge Funds are now short more than 889,000 contracts on the 10-Year Treasury, the largest 10-Year Treasury short position in history.

By: Charles-Henry Monchau, CFA, CMT, CAIA