by Aptus PM Team | Jun 16, 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: Most of the yield curve has separated itself from the Fed Funds rate, with seemingly no rush...
by John Luke Tyner | Jun 15, 2023 | Blog, Bonds
The “Hawkish” Pause Yesterday the Fed left their target for the funds rate unchanged between 5% to 5.25%. Many labeled the pause a hawkish “skip” where further tightening is expected. The Fed DOT plot signaled that there could be two more rate hikes in 2023. QT...
by David Wagner | Jun 15, 2023 | Blog, Macro Updates
In case you missed it – JL put something out on CPI on Tuesday. If you want any commentary on the Fed/FOMC, just reach out and we can discuss today’s hawkish “skip”, which is basically just insurance on continued inflation. AI Investment Talk I’ve been...
by John Luke Tyner | Jun 14, 2023 | Blog, Bonds
Year-over-year CPI declined in May, roughly in line with estimates: Headline MoM: +0.1% (Expected: +0.1%) Core MoM: +0.4% (Expected +0.4%) Headline YoY: +4.0% (Expected: 4.0%) Core YoY: +5.3% (Expecting 5.2%) Top/Bottom Contributors: Source:...
by Aptus PM Team | Jun 9, 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: Dave: As everyone knows, a tiny group of megacap tech carried stocks on their back into early June ...
by John Luke Tyner | Jun 7, 2023 | Blog, Bonds
The next Fed meeting starts a week from today. As of now, the market is currently pricing in just a 23% chance the Fed hikes at the meeting. WSJ’s Nick Timiraos already provided his pre-meeting proclamation of a probable pause. At this point, anything other than a...
