{"id":232883,"date":"2022-12-30T20:17:09","date_gmt":"2022-12-30T20:17:09","guid":{"rendered":"https:\/\/aptuscapitaladvisors.com\/?p=232883"},"modified":"2022-12-30T20:22:41","modified_gmt":"2022-12-30T20:22:41","slug":"the-market-in-pictures-december-30","status":"publish","type":"post","link":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-december-30\/","title":{"rendered":"The Market in Pictures, December 30"},"content":{"rendered":"

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:<\/p>\n

 <\/p>\n

Dave:<\/strong> No shortage of big market stories this year, but among the most widely felt may be the unprecedented rise in mortgage rates<\/em><\/p>\n

 <\/p>\n

 <\/p>\n

\"\"Source: Bankrate as of 12.27.22<\/p>\n

 <\/p>\n

 <\/p>\n

John Luke:<\/strong> leading to a serious housing affordability issue<\/em><\/p>\n

 <\/p>\n

 <\/p>\n

\"\"Data as of 12.23.2022<\/p>\n

 <\/p>\n

 <\/p>\n

JD:<\/strong> compounding the situation that current mortgage holders don\u2019t want to give up their mortgages<\/em><\/p>\n

 <\/p>\n

 <\/p>\n

\"\"Data as of 12.23.2022<\/p>\n

 <\/p>\n

 <\/p>\n

John Luke:<\/strong> Thankfully, housing debt is muted relative to the situation going into the financial crisis<\/em><\/p>\n

 <\/p>\n

\u00a0<\/em><\/p>\n

\"\"Data as of 12.23.2022<\/p>\n

 <\/p>\n

 <\/p>\n

John Luke:<\/strong> and falling markets have also eaten into a good chunk of outstanding margin debt<\/em><\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

 <\/p>\n

JD:<\/strong> much of which seemed to have been tied to a host of speculative Greg Odens<\/a><\/em><\/p>\n

 <\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

 <\/p>\n

John Luke:<\/strong> Federal Reserve forecasts have generally been laughable<\/em><\/p>\n

 <\/p>\n

 <\/p>\n

\"\"Data as of 12.27.2022<\/p>\n

 <\/p>\n

 <\/p>\n

John Luke:<\/strong> so the market-driven 2 Year Treasury rate has historically been better at letting investors know where we might be in the rate cycle<\/em><\/p>\n

 <\/p>\n

 <\/p>\n

\"\"Source: Lyn Alden as of 12.23.2022<\/p>\n

 <\/p>\n

 <\/p>\n

Joseph:<\/strong> unlike 2020, the cost of hedging equities hasn\u2019t had a corresponding rise in 2022<\/em><\/p>\n

 <\/p>\n

 <\/p>\n

\"\"Source: Piper as of 12.29.2022<\/p>\n

 <\/p>\n

 <\/p>\n

Brad:<\/strong> and while it feels like markets have limped into year-end, it\u2019s actually been a strong bounce back quarter away from growth stocks<\/em><\/p>\n

 <\/p>\n

 <\/p>\n

\"\"Source: Piper as of 12.29.2022<\/p>\n

 <\/p>\n

 <\/p>\n

Dave:<\/strong> On that note, no reason to expect a quiet return next week. The New Year generally rolls in with outsized action!<\/em><\/p>\n

 <\/p>\n

 <\/p>\n

\"\"
\nSource: Bianco as of 12.29.2022<\/p>\n

 <\/p>\n

\u00a0<\/strong><\/p>\n

\u00a0<\/strong><\/p>\n

Disclosures<\/strong><\/h5>\n

 <\/p>\n

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><\/p>\n

Projections or other forward looking statements regarding future financial performance of markets are only predictions and actual events or results may differ materially.<\/em><\/p>\n

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.<\/em>\u00a0<\/em><\/p>\n

The content and\/or when a page is marked \u201cAdvisor Use Only\u201d or \u201cFor Institutional Use\u201d, the content is only intended for financial advisors, consultants, or existing and prospective institutional investors of Aptus. These materials have not been written or approved for a retail audience or use in mind and should not be distributed to retail investors.\u00a0 Any distribution to retail investors by a registered investment adviser may violate the new Marketing Rule under the Investment Advisers Act.\u00a0 If you choose to utilize or cite material we recommend the citation, be presented in context, with similar footnotes in the material and appropriate sourcing to Aptus and\/or any other author or source references. This is notwithstanding any considerations or customizations with regards to your operations, based on your own compliance process, and compliance review with the marketing rule effective November 4, 2022.<\/em><\/p>\n

The S&P 500\u00ae Index is the Standard & Poor’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

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-2212-31.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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:   Dave: No shortage of big market stories this year, but among the most widely felt may be the unprecedented rise in mortgage rates   […]<\/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],"tags":[376,275,317,38,185,198,199],"class_list":["post-232883","post","type-post","status-publish","format-standard","hentry","category-blog","category-charts","tag-debt","tag-equities","tag-federal-reserve","tag-hedging","tag-housing","tag-interest-rates","tag-mortgage-rates"],"yoast_head":"\nThe Market in Pictures, December 30 - 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-december-30\/\" \/>\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, December 30 - Aptus Capital Advisors\" \/>\n<meta property=\"og:description\" content=\"Our team looks at a lot of research throughout each day. 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