by David Wagner | Jun 6, 2022 | Blog, Market Reviews
Developments over the Past Month: The Beatings Will Continue Until Morale Improves: Markets wrapped up a volatile month of May exactly where it began. We started May at 4,131 on the S&P and ended May at 4132. Along the way we had 9 of the 21 trading days see 2%...
by Aptus PM Team | Jun 3, 2022 | Blog, Charts, Market Updates
Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and why: Dave: market selloffs of the past decade have repriced equities to mid-teens PE ratios. This one not in that range yet, at least on a trailing basis...
by John Luke Tyner | Jun 3, 2022 | Blog, Macro Updates, Market Updates
We are beginning a new regime as the Fed moves to reduce the size of its balance sheet which has grown to nearly $9 Trillion. Since March 2020, the Fed has made more than $4T in bond purchases. Now, to fight inflation, the Fed will begin to let some of their bonds...
by Joseph Sykora | Jun 1, 2022 | Blog, Energy
In prior posts, we have written about the continued tightness in oil markets driven by (among other things) structural underinvestment in productive supply over the past several years. In this post, we will focus more on the products side, specifically gasoline and...
by David Wagner | May 31, 2022 | Blog, Macro Updates
Right now, the consumer’s money in their wallet doesn’t jiggle jiggle, it folds. Everyone reading this has probably heard us continually state that the stock market is different than the economy, and that over longer periods of time, the consumer’s propensity to spend...
by Aptus PM Team | May 27, 2022 | Blog, Charts, Market Updates
Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and why: 1) JL: hard to believe Fed Funds rate is still only 1% given the CPI backdrop, real yields are quite negative Source: Bianco Research as of 5/25/2022...
