by Aptus PM Team | Dec 15, 2023 | Blog, Bonds
As expected, the Fed left its target rate unchanged at 5.25% – 5.50%, matching market consensus. The updated rate forecast, or dot plot, doesn’t have another rate hike penciled in next year. Source: Bianco/Fed as of 12.14.2023 In addition, expectations...
by Brian Jacobs | Dec 13, 2023 | Blog, Investment Concepts
* For the purposes of this post “cash” is meant to be synonymous with 3-month treasury bills* Investors face a dilemma. Should they embrace the incremental risk of bonds, when cash could potentially match or even exceed their returns? This post aims to provide...
by Brian Jacobs | Dec 12, 2023 | Blog, Financial Planning
Recent reports set the baseball world abuzz with news of Shohei Ohtani, the dynamic two-way two-time MVP of the American League, signing a staggering $700 million, 10-year contract with the Los Angeles Dodgers. However, as the contract details surfaced, its intricate...
by David Wagner | Dec 12, 2023 | Blog, Macro Updates
Quick CPI Inflation Thoughts: Simply put, the last mile of bringing inflation back down to the Fed’s long-term target will be difficult – most likely due to the continued strength in the job market, i.e., Friday’s NFP is a prime example. I think J. Powell will take...
by Aptus PM Team | Dec 8, 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: Markets are currently obsessed with the idea of multiple rate cuts in 2024. Historically, rate “holds”...
by Aptus PM Team | Dec 7, 2023 | Blog, Bonds
Fed expectations moved drastically last week. On Friday, November 24, markets were pricing in three cuts in 2024, with the first in June (orange). By Friday, December 1, the market was pricing in five cuts in 2024, starting around April (blue). Source: Bianco...
