JRFO Investing Daily Recap

[투자메모] Do what you hate to do, but doing it like you like it.

FOR PERSONAL RECORDS

• 시장에 대한 정확한 판단을 위한 기록

BOTTOM LINE:

Based on historical data, better be prepared for potential, additional corrections. Cash for more cashes.

 

 

National Association of Home Builder Market Index 

• 10/2022 Natioanl association of home builder sentiment plunged from 46 to 38 vs. 43 est.
• 10th straight monthly decline. Lowest since May 2020
• Future single-family sales component down to 35. Lowest since 2012

National Association of Home Builder Market Index <Source: Bloomber Finance L.P.>

 

Maximum Drawdowns

• Still below the average MDD from YTD high = More corrections might be coming

Major Indexes MDD <Source: Charles Schwab, Bloomberg, as of 10/17/2022>

S&P 500 Drawdowns <Source: Fidelity>

 

Where we at

• 이전 고점 Last Peak 9/30/2021
• 다음 바닥 Next Trough 2/27/2037
• FMS average cash level keeps rising = Remember 2000?

<Source: Nautilus, BofA Global Fund Manager Survey>