Amid recent market retreat, return expectations plunge.
Have bears taken over the market? This week’s chart looks at the roller-coaster ride for investor sentiment this year.
![](https://fsinvestments.com/wp-content/uploads/2023/03/COTW_2023-02-24_thumbnail-247px-1.jpg?w=250&h=150&crop=1)
Rates are higher. And significantly more volatile.
As rates have risen, so has rate volatility. This week’s chart looks at the daily changes in the two-year Treasury yield over the past year.
![](https://fsinvestments.com/wp-content/uploads/2023/02/COTW_2023-02-24_thumbnail-247px.jpg?w=250&h=150&crop=1)
Fed funds rate shows no sign yet of retreating.
Could markets be due for more Fed-driven volatility ahead? This week’s chart looks at market-based Fed rate expectations, which continue to rise.
![](https://fsinvestments.com/wp-content/uploads/2023/02/COTW_2023-02-18_thumbnail-247px.jpg?w=250&h=150&crop=1)
International equities reassert themselves
The current rally looks very different from the last one. This week’s chart looks at the composition of returns in 2023 vs. 2021.
![](https://fsinvestments.com/wp-content/uploads/2023/02/COTW_2023-02-10_v1_insights-721px-1.jpg?w=250&h=150&crop=1)
Credit has never had consecutive negative annual returns
Are credit markets poised for a bounce back? They have never seen two consecutive down years. This week’s chart looks at historical credit returns.
![](https://fsinvestments.com/wp-content/uploads/2023/02/COTW_2023-02-03_thumbnail-247px-002.jpg?w=250&h=150&crop=1)
A slog ahead? Leading indicators point to a downturn
Data points toward a potential slog as leading economic indicators weaken. This week’s chart looks at why markets could remain choppy.
![](https://fsinvestments.com/wp-content/uploads/2023/01/COTW_2023-01-27_thumbnail-247px-002.jpg?w=250&h=150&crop=1)