by John Luke Tyner | Nov 22, 2023 | Blog, Bonds
Last week, the CPI & PPI print both came in weaker than expected. The market responded favorably with stocks up and yields dropping. The bigger change in our minds was the drop in forward interest rate expectations where the market continues to price a lower...
by Aptus PM Team | Nov 17, 2023 | Blog, Charts
Dave: Tuesday’s reaction to the tame CPI report was the ripper of the year Source: Strategas as of 11.14.2023 John Luke: as markets have more confidence that the Fed will move rates lower in the first half of 2024 Source: CME Fed Watch Tool as of...
by David Wagner | Nov 15, 2023 | Blog, Macro Updates
I want to start here: “Given that the stock market tends to go up more than down (60-70% of the time), odds are the current trading range is a prelude to another advance. Corrections can be in the form of price and/or time, and this one seems to be both. Usually, the...
by Aptus PM Team | Nov 10, 2023 | Charts
Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and the way they fit the unfolding puzzle of evidence: Brad: Q3 earnings results ran ahead of estimates by a wide margin Source: Strategas as of...
by John Luke Tyner | Nov 9, 2023 | Blog, Bonds
Last week brought a substantial rally in bonds following a brutal three-month span of higher rates. There are a couple of reasons we can point to for the move lower in rates: The US Treasury cut back slightly on the amount of long-term bonds it’s planning to auction,...
by Aptus PM Team | Nov 3, 2023 | Charts
Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and the way they fit the unfolding puzzle of evidence: Dave: With earnings mostly flat, changing valuations and seasonality have driven a good bit of this...
