The Market in Pictures, October 7

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:   JD: We’re going through an investment environment that requires a multi-decade look back to find comps  ...

Rearview to Windshield, October 2022

Developments Over the Past Month   Can you Hear the Fed Now? September 2022 Market Recap: At the end of September, the Fed removed any remaining doubt about its commitment to getting inflation under control. As a result, both bonds and stocks sold off sharply....

Aptus Musings: Volatility Breeds Volatility

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...

The Market in Pictures, September 9

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:   Dave: Traditional diversification has not helped most portfolios in 2022     Source: PSC as of 09.06...

Rearview to Windshield, September 2022

Developments Over the Past Month   As the summer comes to a close, it’s worth looking back to Memorial Day for perspective.  Equities have been largely flattish and extremely volatile since late May, credit spreads have been flattish, bond yields have trended...