The Market in Pictures, August 7
Our team looks at a lot of research throughout the day. Here are a handful of charts we think are good summations of investor activity, from a continuing bull market, to...
Aptus Musings: Chasing Warsh’s Reaction Function
All things considered, a flat month for the S&P in July feels pretty heroic given the headlines - a hedge fund implosion, historic Yen intervention, and a post-FOMC...
Rearview to Windshield, August 2026
Equity Recap – The Year Has Been a Great Lesson in Resilience: In July 2026, equity markets experienced a sharp internal rotation as investors pulled back from high-flying...
The Market in Pictures, July 31
Our team looks at a lot of research throughout the day. This week's charts follow a market starting to charge for risk in its favorite trade, a momentum reversal unlike...
FOMC: One Last Pause?
The FOMC left the fed funds rate unchanged, with no action for the fifth consecutive meeting, even as inflation lingers above target. No change was the broad consensus;...
Aptus Musings: Q2 2026 Earnings Preview
First, it's been a longstanding tradition for me to always send out Ronald Reagan’s Soldier’s Pledge on the 4th of July… I’m just a little (lotta) late this year. It’s a...
The Market in Pictures, July 24
Our team looks at a lot of research throughout the day. This week's charts center on a violent rotation beneath a calm surface: semis selling off hard, AI winners giving...
What Is “Safe” Depends on When You Need the Money
I rarely share other people’s charts in these posts. This one is too good not to share. Chart source: Cullen Roche, Discipline Funds 07.15.2026 Ask most...
Return of Capital: The Good, the Bad, the Misunderstood
Not every dollar an investment pays out is income. And not every dollar is taxed the same (or, in some cases, taxed at all). Return of capital (RoC) does not change what an...
The Market in Pictures, July 17
Our team looks at a lot of research throughout the day. Here are a handful of charts we think are good summations of investor activity, from asset convergence and divergence...
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