by Aptus PM Team | Apr 6, 2021 | Market Updates
Absolute valuations matter, if the history of markets is any guide. They can be a solid indicator for future returns. High valuations today lead to lower returns moving forward, and vice versa. That’s how markets work – they are mean reverting. That can be...
by Aptus PM Team | Mar 8, 2021 | Blog, Fixed Income
One question we’ve gotten a lot recently is how can investors position portfolios if we see some inflationary pressure… are Treasury Inflation-Protected Securities (TIPS) a good idea? What are TIPS? Straight from the Treasury… “The principal of a TIPS increases with...
by Aptus PM Team | Mar 2, 2021 | Market Updates
Rates Are Moving Interest rates – just look at what the yield (the interest rate) of 10-year government bonds has done recently. The arrow is pointing to the start of 2021, starting below 1% and spiking over 1.5%. Source: Bloomberg, 03.01.2021 ...
by Aptus PM Team | Mar 2, 2021 | Market Updates
Market Action in February: Despite plenty of fireworks in a handful of somewhat wonky assets, major asset classes were up slightly in February, with small caps leading the party. The first week of February saw the S&P 500 Index jump back to all-time highs,...
by Aptus PM Team | Feb 24, 2021 | Blog, Fixed Income
As advisors often see, high-income investors love municipal bonds. And for the most part we’ve shared that love. Tax-favored income and low correlation to equities, what’s not to love? But it seems investors are piling in with little regard for price, even with...
