April 2023 Rebalance Rationale

April 2023 Rebalance Rationale

The first quarter of 2023 started out with a bang. Q1 experienced what felt like three distinct market cycles condensed into three months. January experienced a perceived “Soft Landing” where inflation was seen as falling quickly while the economic data was on the...
Aptus Q1 2023 Newsletter

Aptus Q1 2023 Newsletter

The S&P 500 Was Up This Quarter? Surely You Can’t Be Serious. I am, and Don’t Call Me Shirley.   Airplane! is a comedy  that does not conform to any known standard of parody. In fact, the movie is far from the likes of comedies today that are so hung up on...
Aptus Q1 2023 Newsletter

Q1 2023 Recap and Chart Book

(Click above for the full update) This is our biggie each quarter, pages of charts and the context to go with them. As always, we think the windshield view is far more relevant than the rearview. But it’s through the rearview that we get a sense of the path...
Aptus Q1 2023 Newsletter

Decision Inputs

Decisions are easier to make if conviction of outcome is high, and/or the tradeoff profile is attractive enough. Even if (you think) you know the outcome of an event, if the tradeoff profile is poor then what? Let’s use a real-time example: Given that it’s the NCAA...