3 min read
39 Charts That Track Market Data for Financial Advisors
Monitor the equities, fixed-income, and funds markets.
Equities Market
U.S. equity sector performance
![Chart showing trailing quarter and trailing one-year return percentages across equity sectors.](/content/cs-images/v3/assets/blt9415ea4cc4157833/blt71ff0589228deba7/65bbce58c025ee263fb89670/Equity-Sector-Performance-Chart.png?format=webp&auto=webp&disable=upscale&width=null)
Cyclical and sensitive stocks outperformed their defensive counterparts in the fourth quarter of 2023.
U.S. small-cap stocks look inexpensive
![Our analysis suggests that small-cap stocks may be undervalued, compared to large-cap U.S. equities.](/content/cs-images/v3/assets/blt9415ea4cc4157833/bltb5585a0f124201cc/65bbd0281f10e821da4bb04f/Small-Cap-Stocks-Chart.png?format=webp&auto=webp&disable=upscale&width=null)
Our analysis suggests that small-cap stocks may be undervalued, compared to large-cap U.S. equities.
Fixed-Income Market
Credit spreads tighten in 2023
![Chart showing the option-adjusted spreads of investment-grade and high-yield corporate bonds.](/content/cs-images/v3/assets/blt9415ea4cc4157833/blt3219acc59d39788b/65bbd0ad8fc5c0256a0bdeb9/Credit-Spread-Chart.png?format=webp&auto=webp&disable=upscale&width=null)
Credit spreads of corporate bonds over the trailing three years. Widening credit spreads indicate that lower-quality securities are becoming riskier compared to higher-quality bonds.
Municipal bonds and tax-free income
![Chart comparing the yields of corporate, U.S. Treasury, and municipal bonds with the tax-equivalent yields of munis.](/content/cs-images/v3/assets/blt9415ea4cc4157833/blt579006a9c7456100/65bbd13d30d47e275452360a/Municipal-Bond-Yields-Chart.png?format=webp&auto=webp&disable=upscale&width=null)
Ten-year trailing yields of different types of bonds.
Economic Indicators
Slowing GDP growth
![Chart showing U.S. real GDP growth percentages and projections for 2024–27.](/content/cs-images/v3/assets/blt9415ea4cc4157833/bltb9b0274e2ca31fec/65bbd1c4316f0dfbf8aa359a/US-Real-GDP-Growth-Percent.png?format=webp&auto=webp&disable=upscale&width=null)
We predict U.S. GDP growth will trough in 2024 before recovering.
U.S. interest-rate projections
![Chart showing Morningstar’s forecast for federal-funds rates, 2024-26.](/content/cs-images/v3/assets/blt9415ea4cc4157833/blt3f80f88fa4d3a491/65bbd21f93cdf116417cc23b/Interest-Rates-Forecast.png?format=webp&auto=webp&disable=upscale&width=null)
We project U.S. interest rates to fall lower than the market expects.