The Market in Pictures, July 28

by | Jul 28, 2023 | Blog, Charts

Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and the way they fit the unfolding puzzle of evidence:

 

John Luke: VIX has fallen into lower levels indicating complacency, but that hasn’t historically led to weaker returns

 

Source: Strategas as of 07.24.2023

 

Beckham: but for those looking to participate in equities, it’s been some time since hedges could be purchased at prices this cheap

 

Source: BofA via Market Ear as of 07.24.2023

 

John Luke: Inflation has fallen sharply across all segments

 

Data as of 07.24.2023

 

Dave: mirroring the drop in pace of consumer spending

 

Source: Raymond James as of 07.27.2023

 

John Luke: and markets are becoming confident that this week was the last hike

 

Data as of 07.26.2023

 

Brad: But are commodities signaling that the fall in prices may be reaching its limit?

 

Data as of 07.24.2023

 

John Luke: US corporations played the interest rate cycle just as well as US homeowners

 

Data as of 07.24.2023

 

John Luke: and based on the chart below, they’ve also reduced their share of government tax receipts over the past decade

 

Data as of 07.24.2023

 

Dave: Communications and technology are generating the lion’s share of upside earnings surprises

  

Source: Strategas as of 07.27.2023

 

Dave: helping overall earnings bottom in recent months

  

Source: Strategas as of 07.24.2023

 

Joseph: If conditions have indeed improved, it’s not a secret anymore

 

Source: Strategas as of 07.24.2023

 

 

Disclosures

 

Past performance is not indicative of future results. This material is not financial advice or an offer to sell any product. The information contained herein should not be considered a recommendation to purchase or sell any particular security. Forward-looking statements cannot be guaranteed.

Projections or other forward-looking statements regarding future financial performance of markets are only predictions and actual events or results may differ materially. 

This commentary offers generalized research, not personalized investment advice. It is for informational purposes only and does not constitute a complete description of our investment services or performance. Nothing in this commentary should be interpreted to state or imply that past results are an indication of future investment returns. All investments involve risk and unless otherwise stated, are not guaranteed. Be sure to consult with an investment & tax professional before implementing any investment strategy. Investing involves risk. Principal loss is possible. 

Advisory services are offered through Aptus Capital Advisors, LLC, a Registered Investment Adviser registered with the Securities and Exchange Commission. Registration does not imply a certain level or skill or training. More information about the advisor, its investment strategies and objectives, is included in the firm’s Form ADV Part 2, which can be obtained, at no charge, by calling (251) 517-7198. Aptus Capital Advisors, LLC is headquartered in Fairhope, Alabama. ACA-2307-32.

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Advisory services offered through Aptus Capital Advisors, LLC, a Registered Investment Adviser registered with the Securities and Exchange Commission. Registration does not imply a certain level or skill or training. More information about the advisor, its investment strategies and objectives, is included in the firm’s Form ADV Part 2, which can be obtained, at no charge, by calling (251) 517-7198.

Aptus Capital Advisors, LLC is headquartered in Fairhope, Alabama.

The opinions expressed herein are those of Aptus Capital Advisors (“Aptus”) and/or the individual Aptus Employee being interviewed as of the date of publication and are subject to change without notice. Aptus reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs and there is no guarantee that such assessments of investments will be accurate. There is no guarantee that strategies or recommendations will equal or exceed any expectations or goals discussed. The discussions, outlook, and viewpoints featured are not intended to be investment advice and do not take into account specific client investment objectives.

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