October 5, 2022
Market Performance (YTD)
Source: YCharts
Disclaimer: Past performance is no guarantee of future performance
Steep declines:
"This year’s pullback outpaces steep declines seen during the 2008-2009 financial crisis & the 2020 pandemic, based on the drop in market value of the Bloomberg GlobalAgg Index & the MSCI All-Country World Stocks Index combined".
[Bloomberg] pic.twitter.com/Ic5DrIyfgp
— The Transcript (@TheTranscript_) October 1, 2022
Today's PCE release
PCE is slightly lower YoY but core PCE is up. Not good. pic.twitter.com/elAeE45ymg
— Ayesha Tariq, CFA (@ayeshatariq) September 30, 2022
This is the 12 month picture. pic.twitter.com/OypTSKOR0z
— Jason Furman (@jasonfurman) September 30, 2022
Here's another way to look at ISM numbers. Manufacturing is softening, price pressures easing and hiring is slowing. pic.twitter.com/EqFg6vuPGu
— Kathy Jones (@KathyJones) October 3, 2022
Q3 earnings season starts next week! 🤓
Chart of long-term earnings per share estimates across global stock market indices below.
At the end of the day, profits tend to be the largest drivers of #stock prices over time. Global earnings growth looking toppy for now. @FactSet pic.twitter.com/ZhievLkxOU
— Matthew Miskin, CFA (@matthew_miskin) October 4, 2022
The median S&P 500 stock has a P/E of 14.5 – the lowest since early 2013 pic.twitter.com/zPs6934koG
— Mike Zaccardi, CFA, CMT (@MikeZaccardi) October 1, 2022
Whoa: https://t.co/06blcQB7tr
— John Authers (@johnauthers) September 29, 2022
Australia’s central bank surprised investors with a smaller-than-expected 25-basis-point rate rise, following four moves of 50 basis points.
Governor Philip Lowe cited a deteriorating global outlook and the impacts of higher rates on domestic spending https://t.co/Y9g6x4huVq
— Nick Timiraos (@NickTimiraos) October 4, 2022
A Waller win? The job openings rate fell 1.1ppt since peaking in March. During this period the unemployment rate has only increased 0.1ppt. So far, Waller's thesis is playing out. Job openings are down while the unemployment rate is low. Good news for the soft-landing bulls. pic.twitter.com/hu7svdqVt6
— RenMac: Renaissance Macro Research (@RenMacLLC) October 4, 2022
Wow. Weakest Q3 in *3 decades* for apartment leasing. https://t.co/lPKWirEgvl
— Joe Weisenthal (@TheStalwart) October 4, 2022
Trading volumes in NFTs down 97%https://t.co/1vnDTVmLuj pic.twitter.com/g3kqksJYqP
— Joe Weisenthal (@TheStalwart) September 28, 2022
Disclosure
Clear Rock Advisors, LLC is registered with the SEC as a registered investment advisor with offices in Texas. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended and/or undertaken by Clear Rock Advisors, LLC) or any investment-related or financial planning consulting services will be profitable, equal any corresponding indicated historical performance level(s), or prove successful. It remains the client’s responsibility to advise Clear Rock Advisors, LLC, in writing, if there are any changes in the client’s personal/financial situation or investment objectives for the purpose of reviewing, evaluating or revising Clear Rock Advisors, LLC’s previous recommendations and/or services, or if the client would like to impose, add to, or modify any reasonable restrictions to Clear Rock Advisors, LLC’s services. A copy of Clear Rock Advisors, LLC’s current written disclosure statement discussing its advisory services and fees are available upon request.