by John Luke Tyner | Jan 14, 2022 | Blog, Macro Updates
It’s been a big week for Chairman Powell as the Senate held his reconfirmation hearing on Tuesday and this morning (Wednesday) brought the release of the final inflation data for 2021. Headline CPI came in at 7%, a 39 year high. The back half of 2021 will be...
by John Luke Tyner | Jan 6, 2022 | Blog, Macro Updates
We’ve seen a notable switch in tone of Chairman Powell and many of the other Fed officials over the last couple meetings as they’ve tilted their tone to sound more hawkish as they asses their dual mandate – controlling (heightened) inflation and a (strong) job...
by John Luke Tyner | Dec 17, 2021 | Blog, Macro Updates
Fed Doubles Taper to $30M a month, Signals Three 2022 Hikes in Inflation Pivot Source: Bloomberg LP. As of 12.15.21 As of 12.15.21 What Changed? The ’22 dots on the FOMC dot plot increased fairly substantially since September. The ’22 dot...
by John Luke Tyner | Dec 15, 2021 | Blog, Bonds
Investing Framework, How Are Returns Generated? The Aptus investing methodology revolves around a Yield + Growth +/- Multiple (Expansion/ Contraction) framework. The latter, multiple expansion or contraction, tends to not be fully additive or detractive over...
by John Luke Tyner | Nov 22, 2021 | Blog, Macro Updates
This morning, President Biden renominated the current Fed Chairman, Jay Powell, for another 4-year term. Lael Brainard, who was also in the running, will become the next Vice Chair, replacing Richard Clarida. This keeps consistency of the top dog at the Fed during a...
