The Market in Pictures, May 9

by | May 9, 2025 | Blog, Charts

Our team looks at a lot of research throughout the day. Here are a handful that we think are good summations of investor activity, from earnings and hyperscalers to soft vs. hard economic data. Enjoy!

 

Brad: Q1 sales and earnings have generally been better than the worst fears of a month ago

 

Data as of 05.06.2025

 

 

John Luke: with overall S&P 500 results running well ahead of expectations for Q1

 

Data as of 05.05.2025

 

 

Dave: The real issue is the outlook for the rest of the year

 

Source: Raymond James as of 05.09.2025

 

 

Brad: as forward earnings estimates take a hit

 

Source: Strategas as of 05.07.2025

 

 

Brett: With some industries seeing particularly sharp revisions lower

 

Source: Strategas as of 05.07.2025

 

 

Arch: and the overall pace getting into levels historically tied to FOMC rate cuts

 

Data as of 05.06.2025

 

 

Dave: For all of the angst over Mag 7 concentration, their market dominance has been in line with their superior fundamental results

 

Source: Raymond James as of 05.09.2025

 

 

John Luke: and their capital spending dwarfs other groups, with ripple effects through the economy

 

Graphic via BlackRock

 

 

Brian: Business surveys show sharply lower confidence amidst the trade uncertainty

 

Source: Goldman Sachs as of 05.02.2025

 

 

Joseph: with the ISM Manufacturing Survey falling into recession territory

 

Data as of 05.02.2025

 

 

Jake: but payroll data resilient enough to keep the FOMC from resuming their rate-cutting cycle

 

Graphic via WSJ as of 05.02.2025

 

 

Dave: Complicating the Fed’s efforts is the steadiness of inflation at levels above their stated preferences

 

Source: Strategas as of 05.08.2025

 

 

Beckham: and the high/rising expectations for input prices

 

Source: Apollo as of 04.26.2025

 

 

John Luke: Sentiment surveys have reached historically low levels of consumer confidence relative to real-world conditions

 

Data as of 05.05.2025

 

Data as of 05.05.2025

 

 

Brian: the divergence in public sentiment vs. stock market action is prompting debate about whether individuals are too gloomy about the economy

 

Data as of 05.05.2025

 

 

Ten: There is no playbook that works every time, but historically, some sectors have had outsized reactions to growth and inflation regimes

 

 

 

Joseph: The recent win streak for stocks stood out not only for its durability but also for the distance traveled

 

Data as of 05.05.2025

 

 

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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.

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