by Brian Jacobs | Aug 14, 2025 | Blog, Investment Concepts
Every so often, margin debt headlines resurface as a supposed warning sign for the stock market. The latest iteration: U.S. margin balances have crossed one trillion dollars for the first time. David Rosenberg highlights: “For the first time ever, margin debt has...
by Brian Jacobs | Aug 1, 2025 | Blog, Investment Concepts
Bloomberg’s latest piece on the housing market (“U.S. Real Estate Market: High Prices, Mortgage Rates Hamper Spring Home Selling”) captured the state of the housing market well: prices are high, mortgage rates are punishing, and activity is stuck. Similar headlines...
by Aptus PM Team | Jul 25, 2025 | Blog, Investment Concepts
With the recent increase in the use of option strategies around concentrated stock positions, we wanted to measure the benefits of using shorter-tenure options that are actively managed over time during extreme price fluctuations compared to the more common longer and...
by Brian Jacobs | Jun 27, 2025 | Blog, Investment Concepts
In a prior post, Fixed Income: Coupon is King, we explored the long-term return profile of the Bloomberg U.S. Aggregate Bond Index (the “Agg”). One of the more surprising takeaways was just how modest the Agg’s outperformance has been relative to...
by Brian Jacobs | Jun 20, 2025 | Blog, Investment Concepts
When the Buss family announced the sale of the Los Angeles Lakers for $10 billion, headlines and social media lit up. After all, they had purchased the team in 1979 for just $67.5 million. Many quickly did the math: More than respectable, sure, but not...
by Brian Jacobs | Jun 10, 2025 | Blog, Investment Concepts
In the world of options trading, the term “zero-cost collar” often suggests a strategy that offers downside protection without any costs to the investor. However, while the strategy may not require an upfront payment, it is not without an implicit cost…...
