by Aptus PM Team | May 12, 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: John Luke: Tough to see how inflation can get down to the Fed’s stated 2% target Source: Strategas...
by Aptus PM Team | May 11, 2023 | Blog, Bonds
Inline CPI print with Shelter continuing to pull the index higher although some signs of slowing. Used Cars prices came in hotter than expected which have been lagging the Manheim index for most of the year. Food prices were down for the second month in a row which...
by JD Gardner | May 3, 2023 | Market Updates
I’m starting with this chart because it matters: Source: TS Lombard as of March 2023 What you are looking at is the rolling 10-year correlation between stocks and bonds. Correlation is a measure of the relationship or connection between two things. In...
by Aptus PM Team | Apr 27, 2023 | Blog, Bonds
Curves are Inverted, Term Premiums LOW The market continues to price in a return to the 2010 norms of subdued inflation pressure, with term premia below zero across the curve. Source: TS Lombard. As of 04.12.2023 While slower nominal growth could put a...
by Aptus PM Team | Apr 13, 2023 | Blog, Bonds
Core CPI was in line with a softer shelter print (shelter/OER came in at 0.45%), but the headline was a little soft as energy declined, food was flat. The big question is how will the Fed view this number? Source: Macro84. As of 4/12/23. Core still at...
