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A Bird's Eye View Blog

Fireside Charts 12.17.18

By:BCM Investment Team | Date:Dec17, 2018 | Category: Equity, Economics, Market Highlights, Fireside Charts

We start today's blog post with PMI indicators for US services and manufacturing for December. There is certainly some moderation (from the recent highs) in business activity. The U.S. dollar has been exceptionally strong in light of market swings lately. Oil may have found its footing. Next, we share a rather bleak picture of Europe's Q4 GDP. What's the sale price for your stolen data? 

 

1. While the U.S. economy has been doing well, are there some chinks in the armor?

 

12.17 chart 1-1

Source: WSJ Daily Shot, as of 12/17/18

 

 

2. The U.S. dollar just keeps grinding higher...

 

12.17 chart 5

Source: WSJ Daily Shot, as of 12/17/18

 

 

3. So far the S&P has remained in its 7-year upward channel.

 

12.17 chart 3

Source: WSJ Daily Shot, as of 12/17/18

 

 

4. The 2 to 5 UST year remains inverted...

 

12.17 chart 4

Source: WSJ Daily Shot, as of 12/17/18

 

 

5. Has oil found a footing?

 

12.17 chart 6

Source: WSJ Daily Shot, as of 12/17/18

  

 

6. Europe's economy is going in the wrong direction...

 

12.17 chart 2

Source: WSJ Daily Shot, as of 12/17/18

 

 

7. At what price do our credit reports, bank account log-in, and other personal data go for? 

 

12.17 chart 7 bonus

Source: Recorded Future, as of 12/17/18

 

 

In a fog of negative market headlines and bearish economic reports, we understand our blogposts have certainly had a bearish tilt. If you want a better context of why the currency, S&P, and global developments look the way they do today, make sure you have caught up with our posts as of last Friday!

 

Fireside Charts: Click Here for the Most Recent Post

 

  

 

Disclosure: The charts and info-graphics contained in this blog are typically based on data obtained from 3rd parties and are believed to be accurate. The commentary included is the opinion of the author and subject to change at any time. Any reference to specific securities or investments are for illustrative purposes only and are not intended as investment advice nor are a recommendation to take any action. Individual securities mentioned may be held in client accounts.