by John Luke Tyner | Jul 26, 2023 | Blog, Bonds
The Fed raised rates for the 11th time in 16 months, bumping rates +25bp to 5.25%-5.5% at today’s FOMC meeting. This matched the market consensus and puts short-term rates at a 22-year high (last seen January 2001). The Fed kept the statement the same in regard to...
by Aptus PM Team | Jul 21, 2023 | Blog, 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: Beckham: The YTD rally in the S&P 500 has all been due to P/E multiples rising Source:...
by David Wagner | Jul 20, 2023 | Blog, Macro Updates
Before we dive in, if anyone needs any of our quarterly newsletters, presentations, updates, etc., feel free to reach out. Also, if anyone would like a quarterly market update call – hit me directly ([email protected]). We have a lot of very thought-provoking commentary on...
by John Luke Tyner | Jul 19, 2023 | Blog, Bonds
With many declaring the Fed’s work done, we thought it made sense to discuss the challenges that still remain in this hiking cycle. The headline inflation numbers have been hammered down, but underlying conditions still give them the backdrop to try putting the...
by Aptus PM Team | Jul 14, 2023 | Blog, 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: John Luke: The lagging broader market has finally picked itself up in recent weeks Beckham:...
by John Luke Tyner | Jul 12, 2023 | Blog, Macro Updates
More Progress in June Inflation Numbers: → Headline CPI +0.2% M/M (vs +0.3% expected, +0.1% prior) → Core CPI +0.2% M/M (vs +0.3% expected, +0.4% prior) It was exactly one year ago that headline CPI topped 9.0% (July 13th, 2022) with 10-year yields closing at 3.07%...
