by John Luke Tyner | Sep 28, 2022 | Blog, Bonds
As interest rates continue their hockey stick move higher, we looked back to history for guidance on when we might see peak rates. We discovered a valuable nugget of information: before Volcker, interest rates actually tended to peak after the CPI peaked (often well...
by David Wagner | Sep 26, 2022 | Blog, Macro Updates
Many of y’all have heard my D + G spiel regarding the S&P 500’s P/E compressing from 21.5x (Dec ’21) to 16x currently, all while the risk premium has actually tightened. In other words, the cheapening of the P/E simply reflects the reality of higher real interest...
by Aptus PM Team | Sep 23, 2022 | Blog, Charts
Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and how they help fill the puzzle of evidence: John Luke: This year already ranks with some of the worst modern markets for the frequency of big down days...
by John Luke Tyner | Sep 22, 2022 | Blog, Macro Updates
As expected, the Federal Reserve opted to raise rates 75bps, taking the target range to 3.00% to 3.25%, with a total of 300bps in policy adjustments since March…the fastest rise over a seven-month span in four decades. Coming into today, the debate was between 75bps...
by Brad Rapking | Sep 19, 2022 | Blog, Macro Updates
Why do we own international stocks? This is one of the most common questions we receive from advisors. Who can blame them? We are nearly 15 years into a regime in which US equities have outperformed international equities. You read that correctly – 15 years of...
by Aptus PM Team | Sep 16, 2022 | Blog, Charts
Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and how they help fill the puzzle of evidence: John Luke: Inflation was the topic of the week, its death may have been greatly exaggerated Data as of...
