The Market in Pictures, May 27
Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and why: 1) JL: hard to believe Fed Funds rate is still only 1% given...
Municipal Bonds Looking More Attractive
Municipal bonds have been thrown out with the bathwater since the beginning of the year as the Fed gets serious about taming inflation and in turn the market pushing...
The Fed Getting Squeezed
* Fed Expected to Hike 50bps at Next Two Meetings. As you can see below, the odds on both are at 100%. Given the persistence of inflation, the Fed has been put into...
The Second Leg to Drop
First, I really wanted to touch base after yesterday’s price decline across indices – it was the worst day since June 2020. I know that I have been saying for quite some...
Equities in a Tightening Regime
We continue to understand that emotions are heightened in this current market – the volatility is real. Thus, we know that a lot of y’all are focusing on how to help your...
The Affordability Problem in Housing
Strong demand for housing may give some flashbacks to 2007/2008, but this is not necessarily a bubble. We believe the work-from-home has shifted the demand fundamentals of...
Aptus Musings: Current Market Gyrations are Not Normal, But This Intra-Year Drawdown Is
I’ll start off by reposting JD’s message from the most recent monthly note – it’s a must read on how to mentally handle the current volatility - Thinking Well. Two Parts...
Did the Fed Ease Policy?
May 5th, 2022 – Bond Market Week Over Week Update * Fed Hikes 50bps and Starts QT, albeit more Slowly than Expected. The Fed hiked rates 50 bps (instead of 75) and...
May 2022 Aptus Musings: How Should One Look At the Market?
For today’s musing, I’m just going to throw some thoughts out there regarding the current market – so my rants may be all over the place. The end of each day feels as if we...
Rearview to Windshield, May 2022
Developments Over the Last Month April showers doused bullish sentiment last week as the SPX wrapped up April with an 8.8% decline. This was the worst April return...
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