by Aptus PM Team | Apr 25, 2024 | Blog, Bonds
The flexible components of core CPI have been in deflationary territory over the past year (blue line in the chart below). The stickier components of core CPI, however, are still running well above their pre-pandemic average (orange line). Source: Bianco as of...
by Brian Jacobs | Apr 18, 2024 | Blog, Bonds, Investment Concepts
For decades, investors have treated bonds as a cornerstone of portfolio diversification, largely based on their performance during the late 20th century. From the early 2000s and through the 2010s, the often-negative correlation between stocks and bonds provided a...
by Aptus PM Team | Apr 11, 2024 | Blog, Bonds
US inflation topped forecasts for a third straight month. Both the Core and the Headline consumer price index increased 0.4% from February. Source: Stifel as of 04.10.2024 March CPI: Headline: +0.4% (Exp: +0.3%) Core: +0.4% (Exp: +0.3%) YoY: Headline:...
by Aptus PM Team | Apr 5, 2024 | 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: Beckham: After this week’s data and Fedspeak, it’s now a toss-up for markets whether the first rate cut...
by Aptus PM Team | Mar 27, 2024 | Blog, Bonds
Treasury Issuance Back at Pandemic Levels As we’ve noted over the last year, the current level of US fiscal deficits, given a strong economy and low unemployment, is uncharted territory. It was ironic that Phillip Swagel, director of the Congressional Budget...
