The Market in Pictures, April 17

by | Apr 17, 2025 | Blog, Charts

Our team looks at a lot of research throughout the day. Here are a handful that we think are good summations of investor activity, from the US dollar to bonds to the economy to US and foreign stock markets. Happy Easter to you!

 

Brett: The value of the US dollar is off to its weakest start of the past 20 years

 

Data as of 04.16.2025

 

 

John Luke: The dollar weakness is also feeding into the rise in Treasury yields

 

Data as of 04.14.2025

 

 

Arch: and is likely tied to the extraordinary moves in the bond market in recent weeks

 

Source: Apollo as of 04.10.2025

 

 

John Luke: Investors and economists are trying to evaluate the timing and validity of soft vs. hard data, meaning surveys vs. actual output

 

 

 

Brian: Survey data has turned unequivocally lower on tariff uncertainty

 

Source: @thestalwart as of 04.16.2025

 

 

Joseph: while output data has stayed strong, perhaps due to buyers getting out in front of tariffs

 

 

 

Jake: either way, pronounced economic weakness would be likely to do more harm than good to deficit reduction efforts

 

Data as of 04.15.2025

 

 

John Luke: Strategist targets are predictably being chased lower

 

Source: Strategas as of 04.14.2025

 

 

Ten: and we’re now in a volatility zone from which prices have historically shown higher potential

 

 

 

Joseph: Developed economy growth estimates are coming down at a pretty good clip

 

Data as of 04.13.2025

 

 

Arch: given the higher exposure to US assets, our markets are more a bit more prone to an unwinding

 

 

 

Brad: As we head into earnings season, the correction in prices means lower valuations especially for the formerly popular Mag 7 names

 

 

 

Brett: the question is, have expectations fallen enough to allow for relief rallies as earnings pass

 

Data as of 04.14.2025

 

 

Brad: One hope for the US economy vs. others is its lighter reliance on trade as a portion of the economy

 

 

 

 

Disclosures

 

Past performance is not indicative of future results. This material is not financial advice or an offer to sell any product. The information contained herein should not be considered a recommendation to purchase or sell any particular security. Forward-looking statements cannot be guaranteed.

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Advisory services are offered through Aptus Capital Advisors, LLC, a Registered Investment Adviser registered with the Securities and Exchange Commission. Registration does not imply a certain level or skill or training. More information about the advisor, its investment strategies and objectives, is included in the firm’s Form ADV Part 2, which can be obtained, at no charge, by calling (251) 517-7198. Aptus Capital Advisors, LLC is headquartered in Fairhope, Alabama. ACA-2504-24.

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Advisory services offered through Aptus Capital Advisors, LLC, a Registered Investment Adviser registered with the Securities and Exchange Commission. Registration does not imply a certain level or skill or training. More information about the advisor, its investment strategies and objectives, is included in the firm’s Form ADV Part 2, which can be obtained, at no charge, by calling (251) 517-7198.

Aptus Capital Advisors, LLC is headquartered in Fairhope, Alabama.

The opinions expressed herein are those of Aptus Capital Advisors (“Aptus”) and/or the individual Aptus Employee being interviewed as of the date of publication and are subject to change without notice. Aptus reserves the right to modify its current investment strategies and techniques based on changing market dynamics or client needs and there is no guarantee that such assessments of investments will be accurate. There is no guarantee that strategies or recommendations will equal or exceed any expectations or goals discussed. The discussions, outlook, and viewpoints featured are not intended to be investment advice and do not take into account specific client investment objectives.

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