The Market in Pictures, March 17

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:   Derek: Hopefully the first and last time we need to share SIVB charts, but in hindsight it stood out...

The Market in Pictures, March 10

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:   Beckham: The high-beta rally to start the year was really weird   Source: Piper as of 03.06.23...

Aptus Musings: Equity Risk Premium (ERP)

I’ve fielded a few questions regarding Mike Wilson’s (of Morgan Stanley) recent market commentary. Outside of corporate profitability, i.e., margins driving down future earnings, one of his biggest takes is on the current valuation of the S&P 500. As of 3/7/23,...

Rearview to Windshield, March 2023

February ‘23 Market Recap: The January rally suddenly looks distant as equities closed lower for the month, finishing down 5.0% from their early February peak. This has been a confluence of technicals, bond yield increases due to uncomfortably strong economic data in...

The Market in Pictures, February 10

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: Fed Funds expectations are still bouncing around on Fed talk / speculation   Source:...