Rearview to Windshield, January 2025

Market Recap – December 2024: The rally in stocks in 2023 was driven, mostly, by hope of market friendly events: The end of rate hikes and start of rate cuts, the economy slowing to a soft, not hard, landing, AI profit explosions and positive geopolitical resolutions....

Giving Thanks

Thanksgiving is my wife’s favorite holiday, and because of that, we make the long trek to Cincinnati, Ohio every November. There are a number of traditions, but they all surround the main attraction – her Grandmother’s house, aka “106”. Her grandparents have been gone...

Rearview to Windshield, December 2024

Market Recap – November 2024: The market boasted its best month of the year, as market bulls believe that President-elect Donald Trump is the nominal GDP growth candidate. In a way, the market took the exact playbook from Trump 1.0 in November 2016 and transcribed it...

Aptus Musings: Q3 2024 Earnings Recap

Given the breadth of questions that I’ve received on President-elect Trump’s cabinet picks I thought I’d start with some commentary. In my opinion, the market is not political. It doesn’t care about political views and rhetoric, suggested...

Aptus Musings: It’s Over

It’s over. But, in a way…it has only just begun. Election Superlatives: 9 out of the past 10 elections, the results have yielded a situation where power flipped parties. This has been the highest level of political regime volatility since the Civil War....

Aptus Musings: Election 2024

Both the S&P 500 and Russell 2000 marked their last major correction low roughly one year ago (10/27/2023) with each now in the top decile of their historical 12-month price momentum. Yet, small cap stocks have underperformed their larger cap brethren during this...