by Aptus PM Team | Jul 1, 2022 | Blog, Charts
Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and why: Dave: there hasn’t been a single instance in 50 years of Fed Funds < CPI at the end of a tightening cycle Source: Strategas as of 6/27/2022...
by Aptus PM Team | Jun 14, 2022 | Blog, Bonds, Macro Updates
Peak Inflation… Think Again! Source: Bianco Research. As of 6/10/22 CPI rose 1.0% MoM and 8.6% YoY (a new high) in May. The core CPI again surged 0.6% MoM and 6.0% YoY. Inflation looks to be broadening… The Bones of the Report May’s report...
by Aptus PM Team | May 27, 2022 | Blog, Charts, Market Updates
Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and why: 1) JL: hard to believe Fed Funds rate is still only 1% given the CPI backdrop, real yields are quite negative Source: Bianco Research as of 5/25/2022...
by Aptus PM Team | May 6, 2022 | Blog, Bonds
May 5th, 2022 – Bond Market Week Over Week Update * Fed Hikes 50bps and Starts QT, albeit more Slowly than Expected. The Fed hiked rates 50 bps (instead of 75) and basically ruled out 75 bps increases going forward. In our opinion, the Fed eased policy...
by Aptus PM Team | Apr 13, 2022 | Blog, Macro Updates
U.S. consumer prices rose in March by the most since late 1981. The consumer price index increased 8.5% (2.2% of the headline number can be attributed to energy) from a year earlier following a 7.9% annual gain in February. The month over month inflation gauge rose...
