The Market in Pictures, March 3

by | Mar 3, 2023 | Blog, Charts

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:

 

Brad: Without a corresponding price drop, the rise in mortgage rates is making it real hard on prospective buyers

 

Source: Strategas as of 02.28.2023

 

John Luke: as the math starts to favor prospective renters over buyers

 

Data as of 02.27.2023

 

John Luke: and current owners sit pretty with low rates locked in

 

Data as of 02.27.2023

 

Joseph: Owners of office buildings, however, are more likely to have loans coming due into harsh pricing

 

Data as of 02.27.2023

 

John Luke: and our own Treasury faces the same steep repricing of debt

 

 

Joseph: and even well-financed corporations will lose the tailwind of lower rates

 

 Source: Strategas as of 02.27.2023

 

John Luke: Flush homeowners have zero incentive to pay down mortgages, with money market yields exceeding their mortgage rates

 

Data as of 02.28.2023

 

John Luke: while Wall Street strategists remain inexplicably low in their suggested allocations to cash

 

 Data as of 03.01.2023

 

John Luke: Credit has grown right alongside nominal GDP

 

 Source: Pavilion as of 02.28.2023

  

John Luke: And investors aren’t really being compensated for risk seemingly seen by loan officers

 

 Data as of 03.01.2023

 

Brad: People refer to the stock market, but under the hood it really is a “market of stocks” with wildly varying industry conditions

 

Source: Strategas as of 02.28.2023

 

 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. 

Projections or other forward-looking statements regarding future financial performance of markets are only predictions and actual events or results may differ materially. 

This commentary offers generalized research, not personalized investment advice. It is for informational purposes only and does not constitute a complete description of our investment services or performance. Nothing in this commentary should be interpreted to state or imply that past results are an indication of future investment returns. All investments involve risk and unless otherwise stated, are not guaranteed. Be sure to consult with an investment & tax professional before implementing any investment strategy. Investing involves risk. Principal loss is possible. 

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-2303-6.

Explore the Aptus Blog

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.

The opinions expressed herein are those of Aptus Capital Advisors (“Aptus”) and are subject to change without notice.

Aptus social media posts, including third party material, are provided for information purposes only and should not be considered investment advice or recommendation to purchase or sell any particular security, product or service. Aptus posts are based on data obtained from sources believed to be reliable but are not guaranteed as being accurate and do not purport to be a complete summary of the available data. Past performance is no guarantee of future results.

Aptus does not endorse or take responsibility for any content, advertising, products, advice, opinions, recommendations, or other materials posted by followers or other third parties on Aptus’ social media sites. Any comments or opinions posted by another user should be attributed to that user and not Aptus.

Aptus is an independent investment adviser registered under the Investment Advisers Act of 1940, as amended. Registration does not imply a certain level of skill or training. More information about Aptus including our investment strategies, fees and objectives can be found in our ADV Part 2, which is available at www.aptuscapitaladvisors.com or by calling 251.517.7198.

Enhancing Outcomes

Your job is to help clients meet their goals. Part of that is capturing the compounding power of markets, part is making sure the path matches client expectations. How portfolios get from point A to point B matters.