The Market in Pictures, November 29

by | Nov 29, 2024 | 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:

 

Beckham: This year’s S&P 500 has been one of the steadier rises in recent history

 

Data as of 11.27.2024

 

 

John Luke: leaving the index in need of help from earnings and/or rates to justify significant progress over the next year or two

 

Data as of 11.22.2024

 

 

Dave: that said, history tells us that long-term optimism for stocks is the best outlook

 

 

 

Joseph: Other than a few fleeting moments, the US economy has dominated its developed peers

 

 

 

Brett: and corporations around the world have recognized the advantages of the U.S. market by making significant investments in their US operations

 

Data as of October 2024

 

 

Brian: and while foreign indices trade at lower valuations, they’re not cheap enough to offset the U.S. fundamental advantages, once you put the comparisons on the same playing field

 

Source: @lhamtil as of 11.24.2024

 

 

JD: Expanding out to a longer timeframe, the compounding of the US advantage stands out with a strong uptrend in earnings

 

Data as of 11.22.2024

 

JD: versus the long-term stagnation outside the US

 

Data as of 11.22.2024

 

 

Brad: Technology has dominated investor flows in this year’s rally, and presumably large cap over small

 

 

 

John Luke: but the fundamentals seem to be working toward a closing of the performance gap

 

 

 

 

Data as of 11.26.2024

 

 

Arch: Tariffs loom as a possible threat to US profit margins

 

Data as of 11.27.2024

 

 

Dave: but corporations are flexible enough to adjust to where their business gets treated best

 

Source: Strategas as of 11.26.2024

 

 

Joseph: The other area of investor concern is interest rates, whose recent rise has thus far been driven by higher growth expectations

 

Source: DataTrek as of 11.21.2024

 

 

John Luke: and uncertainty regarding the eventual rate that keeps investors and the Fed comfortable

 

 

John Luke: and of course, a whole lot of US federal government debt maturing and in need of replacement

 

Data as of 11.27.2024

 

 

Brian: Active ETFs have been the center of innovation since they were included in the preferential ETF tax treatment starting in 2019

 

Data as of 11.25.2024

 

 

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-2411-24.

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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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