Was that the Powell Pivot 2.0?

Powell’s comments and the market response yesterday were noteworthy. The equity market rose (SPX +3.05%) while bond yields rallied across the yield curve following Powell’s Brookings Institute presentation. The market was positioned for a hawkish speech and...

The Market in Pictures, November 18

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:   JL: Year-over-year food costs are set to deflate for the first time since pre-COVID   Source: Bianco...

Aptus Musing: Can That CPI Reaction Stick?

I’ve been asked what we thought about the magnitude and sustainability of last week’s market reaction to Thursday’s CPI print. We love putting things into context and last week’s rally is very difficult to do so. Thursday’s CPI print spurred one of the biggest 1-day...

The Market in Pictures, November 11

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:   JL: stock prices have generally tracked earnings revisions this year, with a clear bias towards...