{"id":231648,"date":"2022-05-27T14:48:48","date_gmt":"2022-05-27T14:48:48","guid":{"rendered":"https:\/\/aptuscapitaladvisors.com\/?p=231648"},"modified":"2022-12-14T17:46:28","modified_gmt":"2022-12-14T17:46:28","slug":"the-market-in-pictures-may-27","status":"publish","type":"post","link":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-may-27\/","title":{"rendered":"The Market in Pictures, May 27"},"content":{"rendered":"<p>Our team looks at a lot of research throughout each day. A few charts that caught our eye this week, and why:<\/p>\n<p><em><strong>1) JL:<\/strong> hard to believe Fed Funds rate is still only 1% given the CPI backdrop, real yields are quite negative<\/em><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-231738 aligncenter\" src=\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2022\/05\/Historic-CPI.png\" alt=\"\" width=\"937\" height=\"670\" srcset=\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2022\/05\/Historic-CPI.png 937w, https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2022\/05\/Historic-CPI-480x343.png 480w\" sizes=\"auto, (min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 937px, 100vw\" \/><\/p>\n<p style=\"text-align: center;\">Source: Bianco Research as of 5\/25\/2022<\/p>\n<p>&nbsp;<\/p>\n<p><em><strong>2) Dave:<\/strong> the majority of stocks have already dropped &gt;20%, maybe the S&amp;P just finally caught up. <\/em><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-231739 aligncenter\" src=\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2022\/05\/Stocks-down-20.png\" alt=\"\" width=\"912\" height=\"825\" srcset=\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2022\/05\/Stocks-down-20.png 912w, https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2022\/05\/Stocks-down-20-480x434.png 480w\" sizes=\"auto, (min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 912px, 100vw\" \/><\/p>\n<p style=\"text-align: center;\">Source: PSC as of 5\/23\/2022<\/p>\n<p>&nbsp;<\/p>\n<p><em><strong>3) Brad:<\/strong> and what\u2019s odd is performance and flows aren\u2019t following their usual script:<\/em><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-231740 aligncenter\" src=\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2022\/05\/Flows-Not-Following-Performance.png\" alt=\"\" width=\"815\" height=\"281\" srcset=\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2022\/05\/Flows-Not-Following-Performance.png 815w, https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2022\/05\/Flows-Not-Following-Performance-480x165.png 480w\" sizes=\"auto, (min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 815px, 100vw\" \/><\/p>\n<p style=\"text-align: center;\">Source: Strategas 5\/23\/2022<\/p>\n<p><em>\u00a0<\/em><em>\u00a0<\/em><\/p>\n<p><em><strong>4) JD:<\/strong> looks like a bit of room for the Energy : Tech spread to keep narrowing?<\/em><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-231741\" src=\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2022\/05\/Energy-to-Tech.png\" alt=\"\" width=\"1014\" height=\"725\" srcset=\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2022\/05\/Energy-to-Tech.png 1014w, https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2022\/05\/Energy-to-Tech-980x701.png 980w, https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2022\/05\/Energy-to-Tech-480x343.png 480w\" sizes=\"auto, (min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) and (max-width: 980px) 980px, (min-width: 981px) 1014px, 100vw\" \/><\/p>\n<p style=\"text-align: center;\"><em>\u00a0<\/em><em> Source: The Felder Report, 5\/20\/2022<\/em><\/p>\n<p>&nbsp;<\/p>\n<p><em><strong>5) Joseph:<\/strong> and to confirm where capacity lies, look who has added workers, and who has reduced. Or better word\u2026<strong>slashed<\/strong> workers!<\/em><\/p>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-231742 aligncenter\" src=\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2022\/05\/Sector-Employment.png\" alt=\"\" width=\"848\" height=\"514\" srcset=\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2022\/05\/Sector-Employment.png 848w, https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2022\/05\/Sector-Employment-480x291.png 480w\" sizes=\"auto, (min-width: 0px) and (max-width: 480px) 480px, (min-width: 481px) 848px, 100vw\" \/><\/p>\n<p style=\"text-align: center;\">Source: Strategas 5\/24\/2022<\/p>\n<p>&nbsp;<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n<p><strong>Disclosures<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p><em>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.<\/em><em>\u00a0<\/em><\/p>\n<p><em>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 &amp; tax professional before implementing any investment strategy. Investing involves risk. Principal loss is possible.<\/em><em>\u00a0<\/em><\/p>\n<p><em>The S&amp;P 500\u00ae Index is the Standard &amp; Poor&#8217;s Composite Index and is widely regarded as a single gauge of large cap U.S. equities. It is market cap weighted and includes 500 leading companies, capturing approximately 80% coverage of available market capitalization.<\/em><\/p>\n<p><em>The Consumer Price Index (CPI) measures the change in prices paid by consumers for goods and services. The CPI reflects spending patterns for each of two population groups: all urban consumers and urban wage earners and clerical workers.<\/em><em>\u00a0<\/em><\/p>\n<p><em>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\u2019s 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-2205-20.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 &nbsp; Source: Bianco Research as of 5\/25\/2022 &nbsp; 2) Dave: the majority [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","inline_featured_image":false,"footnotes":""},"categories":[20,194,129],"tags":[53,192,193,191],"class_list":["post-231648","post","type-post","status-publish","format-standard","hentry","category-blog","category-charts","category-market-updates-blog","tag-cpi","tag-energy-sector","tag-etf-flows","tag-market-breadth"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Market in Pictures, May 27 - Aptus Capital Advisors<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-may-27\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Market in Pictures, May 27 - Aptus Capital Advisors\" \/>\n<meta property=\"og:description\" content=\"Our team looks at a lot of research throughout each day. 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