Bank Holidays = Charts Only. Do Yourself A Favor & Learn Something New Today| (1.16.23)
"Darkness cannot drive out darkness; only light can do that. Hate cannot drive out hate; only love can do that." - Martin Luther King, Jr.
The Best Charts I Saw Over The Weekend:
• Despite the demand for apartments declining significantly in Q4 2022 (leading to rent growth falling from 17.6% in Q2 to ~9.6% by year-end), apartment vacancy rates remain low as new supply continues to be a problem. The below graph illustrates the apartment vacancy rate from 1980 - today, capturing an annual reading prior to 1999 and quarterly in the years following.1
TL;DR — Low supply continues to be a major market driver.
• Despite all of the hype and marketing surrounding electric vehicles (EV), they account for only ~6% of new vehicle sales in the U.S.2
That said, businesses are applying for patents at a record-high rate so I do not anticipate innovation in the EV space to slow down any time soon.3 The question is, how long will it take adoption to catch up? Especially with modern cars having longer life cycles than ever before…
TL;DR — Electric vehicles are not yet as popular as you might think.
• Citizens worldwide are much less optimistic today about market conditions than in 2019 (pre-COVID-19 pandemic).4
TL;DR — Global market sentiment = poor.
• An interesting look at the Wikipedia biography profiles pages with the most daily views in 2022.5
TL;DR — Apparently humans run (not walk) to Wikipedia the second somebody famous passes away.
Meme Of The Day:
A brief recap of the stock/crypto markets over the past week.
TL;DR — Market participants tend to have short memories. That said, chaos = opportunity.
Source: Calculated Risk by Bill McBride.
Source: Twitter.com — @Chartrdaily
Source: Twitter.com — @Chartrdaily
Source: Visual Capitalist — Survey Results: Will Global Stock Markets Crash in 2023?
Source: r/dataisbeautiful