Duality Research

[Duality Research @DualityResearch]

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[Duality Research @DualityResearch]

Following several months of increases, the share of CPI components running above 2% finally edged lower.

With that, the share of components exceeding 4% also moved lower, pointing to a broader easing in inflation pressures.

Read more here 👉🏼 https://t.co/HYJ84NEpIl

[Duality Research @DualityResearch]

💸 June US CPI +3.53% YoY

The chart shows the weight of the three main CPI categories and their respective sub-groups on the left.

On the right, you can see how each item contributes to the overall index YoY.

Read more here 👉🏼 https://t.co/HYJ84NEpIl

[Duality Research @DualityResearch]

From our note two weeks ago:
"The backdrop for the US economy remains broadly supportive. That means a recession isn’t our base case for the remainder of 2026 — or as we head into next year. And that’s an important starting point. If the economy keeps holding up, there’s a good chance earnings estimates will too." (https://t.co/92bEZiOQPj)

Awesome chart here from @mattcerminaro showing that forward earnings estimates tend to be remarkably accurate outside of recessions. (Great read here 👉🏼 https://t.co/0wxIzqkpqI)

[Mike Zaccardi, CFA, CMT 🍖 @MikeZaccardi]

The FOMC is certainly making its stand...

[The Chart Report @TheChartReport]

Energy, Technology, and Materials have the highest percentage of stocks outperforming the S&P 500 year-to-date.

@DualityResearch

[Daily Chartbook @dailychartbook]

"Markets turned the most hawkish right as the latest inflation impulse was already rolling over."

@DualityResearch

[Duality Research @DualityResearch]

Following several months of increases, the share of CPI components running above 2% finally edged lower.

With that, the share of components exceeding 4% also moved lower, pointing to a broader easing in inflation pressures.

Read more here 👉🏼 https://t.co/HYJ84NEpIl

[Duality Research @DualityResearch]

💸 June US CPI +3.53% YoY

The chart shows the weight of the three main CPI categories and their respective sub-groups on the left.

On the right, you can see how each item contributes to the overall index YoY.

Read more here 👉🏼 https://t.co/HYJ84NEpIl

[Duality Research @DualityResearch]

From our note two weeks ago:
"The backdrop for the US economy remains broadly supportive. That means a recession isn’t our base case for the remainder of 2026 — or as we head into next year. And that’s an important starting point. If the economy keeps holding up, there’s a good chance earnings estimates will too." (https://t.co/92bEZiOQPj)

Awesome chart here from @mattcerminaro showing that forward earnings estimates tend to be remarkably accurate outside of recessions. (Great read here 👉🏼 https://t.co/0wxIzqkpqI)

[Duality Research @DualityResearch]

In today’s note, we discussed how markets turned the most hawkish right as the latest inflation impulse was already rolling over.

Rate expectations have now decoupled from real-time inflation data, and it feels like only a matter of time before pricing catches back down to reality.

Read more here 👉🏼 https://t.co/bik6OIFaOV

[smac @0xsmac]

observing

[Duality Research @DualityResearch]

Our latest Thoughts on the Market 👇🏼
https://t.co/o6zYK0Gdtg

[Duality Research @DualityResearch]

In today’s note, we discussed how markets turned the most hawkish right as the latest inflation impulse was already rolling over.

Rate expectations have now decoupled from real-time inflation data, and it feels like only a matter of time before pricing catches back down to reality.

Read more here 👉🏼 https://t.co/bik6OIFaOV

[Duality Research @DualityResearch]

There's still a healthy breadth of stocks outperforming the S&P 500 year-to-date.

The standout remains Energy, where 9 out of 10 stocks continue to outperform the index. At the other end of the spectrum, Communication Services is the weakest sector, with nearly 9 out of 10 names lagging the S&P 500.

Read more here 👉🏼 https://t.co/QJqTAw2uDz

[Duality Research @DualityResearch]

There's still a healthy breadth of stocks outperforming the S&P 500 year-to-date.

The standout remains Energy, where 9 out of 10 stocks continue to outperform the index. At the other end of the spectrum, Communication Services is the weakest sector, with nearly 9 out of 10 names lagging the S&P 500.

Read more here 👉🏼 https://t.co/QJqTAw2uDz

[Duality Research @DualityResearch]

@fxevolution 🙏🏼🙏🏼🙏🏼

[fxevolution @fxevolution]

Have we just reached peak earnings for Semis?

The boffins don't think so!

Great chart by @DualityResearch

[Duality Research @DualityResearch]

The gap between Semiconductor YoY price performance and YoY EPS growth has reached a new extreme!

Investors are clearly pricing in a peak in earnings growth. But what if they're wrong?

What if AI infrastructure spending fundamentally reduces the industry's historical cyclicality?

[Finom Group @GroupFinom]

Gap between Semis YoY price performance and EPS growth has reached a new extreme!

Investors pricing in a peak in earnings growth. But what if they're wrong, keeping in mind estimates are usually, forcibly, upwardly, revised!

$SPX $SPY $SMH $NVDA $QQQ $SOXX H/t @DualityResearch

[Duality Research @DualityResearch]

@AndreasSteno @JamieMcullough Looks like the market continues to expect the industry's historical cyclicality...
https://t.co/WvSDRvxQwu

[Duality Research @DualityResearch]

The gap between Semiconductor YoY price performance and YoY EPS growth has reached a new extreme!

Investors are clearly pricing in a peak in earnings growth. But what if they're wrong?

What if AI infrastructure spending fundamentally reduces the industry's historical cyclicality?