Rearview to Windshield, May 2024

April ‘24 Market Recap – Staircase Up, Elevator Down: It was April showers as it was the worst month since September. April has given back much of the Q1 gains as 10-year Treasury yields increased from 4.2% to over 4.6%. S&P 500 has given back ~40%, Midcap ~70%,...

Aptus Musings: Q1 2024 Earnings Preview

A repeated question that I’ve continued to receive is: What’s Going to Kill the Market Rally? In fact, this was the exact question I was asked on Fox Business’s Varney & Co this week. There’s been a lot of people stating: 1) Geopolitical Risks (queue Saturday...

Aptus Musings: Valuing International Markets

Over the past few months, many of you have heard us focus much of our market commentary around the perception of equity valuations – that U.S. stocks may not be as expensive as what many perceive, specifically relative to its history. The example that we’ve used is...

Rearview to Windshield, April 2024

March ‘24 Market Recap: The S&P 500 returned 10.6% in Q1, on a combination of two very powerful forces; dovish central banks and a continued broadening of the AI narrative. The S&P 500 rallied for the fifth straight month in March (a 99th percentile return, in...