<\/p>\n
![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2023\/01\/Beta-Rally-Strategas-01.26-Brad.png\")
<\/p>\n
Source: Strategas as of 01.26.2023<\/p>\n
<\/p>\n
JL:<\/strong> maybe a reflection of less restrictive conditions?<\/em><\/p>\n <\/p>\n <\/p>\n Brad:<\/strong> The recently falling U.S. dollar surely playing a role in the embrace of risk assets<\/em><\/p>\n <\/p>\n <\/p>\n Dave:<\/strong> but there\u2019s also been a surprisingly decent flow of news from European economies<\/em><\/p>\n <\/p>\n <\/p>\n John Luke:<\/strong> The yield curve continues to fire signals of economic weakness<\/em><\/p>\n \u00a0<\/em><\/p>\n <\/p>\n John Luke:<\/strong> yet employment has not yet shown signs of a weakening job market<\/em><\/p>\n <\/p>\n \u00a0<\/strong><\/p>\n John Luke:<\/strong> In fact, wage growth continues to surge especially at the lower end of the income spectrum<\/em><\/p>\n \u00a0<\/strong>\u00a0<\/em><\/p>\n \u00a0<\/strong><\/p>\n John Luke:<\/strong> and job-switchers continue to command significant wage bumps<\/em><\/p>\n <\/p>\n \u00a0<\/strong><\/p>\n Dave:<\/strong> U.S. government debt expense is about to rise substantially due to higher rates<\/em><\/p>\n <\/p>\n <\/p>\n Dave:<\/strong> yet banks continue to take advantage of consumers who don\u2019t have an advocate or the time to seek a better deal<\/em><\/p>\n <\/p>\n \u00a0<\/em><\/p>\n Derek:<\/strong> \u201cSystematic\u201d sounds helpful, but calendar-based strategies can lead to a wide range of outcomes<\/em><\/p>\n \u00a0<\/em><\/p>\n \u00a0<\/strong><\/p>\n \u00a0<\/strong>Disclosures<\/strong><\/p>\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><\/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-2301-25.<\/em><\/p>\n <\/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: Brad: One of the \u201cjunkiest\u201d rallies since the Global Financial Crisis, some of the past ones have broadened while others were fleeting Source: […]<\/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":[371,394,395,396,397,49],"class_list":["post-233055","post","type-post","status-publish","format-standard","hentry","category-blog","category-charts","tag-banks","tag-beta","tag-financial-conditions","tag-unemployment","tag-us-debt","tag-yield-curve"],"yoast_head":"\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2023\/01\/Easy-Conditions-Strategas-01.22-JL.png\")
<\/em>Source: Strategas as of 01.22.2023<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2023\/01\/Falling-Dollar-Impact-Strategas-01.23-Brad.png\")
Source: Strategas as of 01.23.2023<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2023\/01\/Europe-Surprises-Better-Morgan-Stanley-01.24-Dave.png\")
Source: Morgan Stanley as of 01.24.2023<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2023\/01\/Deepest-Inversion-Strategas-01.20-JL.png\")
<\/em>Source: Strategas as of 01.18.2023<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2023\/01\/Unemployment-into-Recession-FRB-St.-Louis-01.20-JL.png\")
Data as of 01.09.2023<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2023\/01\/Wage-Growth-Across-Segments-Bianco-01.20-JL.png\")
Data as of 01.20.23<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2023\/01\/Job-Switching-Premium-Bianco-01.20-JL.png\")
<\/em>Data as of 01.20.2023<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2023\/01\/Debt-Expense-to-Rise-Strategas-01.23-Dave.png\")
<\/em>Source: Strategas as of 01.23.2023<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2023\/01\/Stingy-Banks-01.20-Daily-Shot-Dave.png\")
Data as of 01.09.2023<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2023\/01\/Timing-Risk-of-Systematic-01.25-Newfound-Research-Derek.jpg\")
Data as of 01.24.2023<\/p>\n