{"id":233714,"date":"2023-04-28T16:30:02","date_gmt":"2023-04-28T16:30:02","guid":{"rendered":"https:\/\/aptuscapitaladvisors.com\/?p=233714"},"modified":"2023-04-28T16:30:18","modified_gmt":"2023-04-28T16:30:18","slug":"the-market-in-pictures-april-28","status":"publish","type":"post","link":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-april-28\/","title":{"rendered":"The Market in Pictures, April 28"},"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

Brad:<\/strong> The recession playbook has mostly filled in and markets seem to be adjusting<\/em><\/p>\n

 <\/p>\n

\"\"Source: Strategas as of 04.24.2023<\/p>\n

 <\/p>\n

John Luke:<\/strong> though even a perfect economic forecast doesn\u2019t lead to better investment forecasting<\/em><\/p>\n

 <\/p>\n

\"\"Source: Bloomberg as of 04.24.2023<\/p>\n

 <\/p>\n

Joseph:<\/strong> As often happens in slowdowns, analysts are banking on the back end of the year to make up for early-year weakness<\/em><\/p>\n

 <\/p>\n

\"\"Source: Bloomberg as of 04.24.2023<\/p>\n

 <\/p>\n

Joseph:<\/strong> but it\u2019s hard to envision what might reverse the direction of the past 12 months<\/em><\/p>\n

 <\/p>\n

\"\"Source: Strategas as of 04.24.2023<\/em><\/p>\n

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

John Luke:<\/strong> Stocks as a % of GDP are cheaper than at the peak but by no measure are they \u201ccheap\u201d<\/em><\/p>\n

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

\"\"Source: Bianco as of 04.02.2023<\/p>\n

 <\/p>\n

Joseph:<\/strong> though when breaking down by sector there are significant differences across the universe<\/em><\/p>\n

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

\"\"Source: Strategas as of 04.26.2023<\/p>\n

 <\/p>\n

Brad:<\/strong> and small cap stocks are at historically extreme cheapness relative to large cap<\/em><\/p>\n

 <\/p>\n

\"\"Source: Strategas as of 04.25.2023<\/p>\n

 <\/p>\n

Joseph:<\/strong> Energy companies have transformed themselves into cash-flow machines in recent years<\/em><\/p>\n

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

\"\"Source: EIA as of January 2023<\/p>\n

 <\/p>\n

Joseph:<\/strong> perhaps putting future energy sources at risk but giving shareholders a much better experience<\/em><\/p>\n

 <\/p>\n

\"\"Source: EIA as of January 2023<\/p>\n

 <\/p>\n

John Luke:<\/strong>\u00a0 A lot of talk about M2 crashing but in the grand scheme there is still plenty of money sloshing around<\/em><\/p>\n

 <\/p>\n

\"\"Source: Daily Shot as of 04.25.2023<\/p>\n

 <\/p>\n

Derek:<\/strong> it just may not be flowing into questionable areas <\/em><\/p>\n

 <\/p>\n

\"\"Source: Fidelity as of 04.24.2023<\/p>\n

 <\/p>\n

John Luke:<\/strong> Interesting to see the range of investor thoughts about current conditions and what may unfold<\/em><\/p>\n

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

\"\"Source: Strategas as of 04.21.2023<\/p>\n

\u00a0<\/em><\/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

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-2304-30.<\/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:   Brad: The recession playbook has mostly filled in and markets seem to be adjusting   Source: Strategas as of 04.24.2023   John Luke: though […]<\/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":[132,94,99,451,145,405,98,168,377],"class_list":["post-233714","post","type-post","status-publish","format-standard","hentry","category-blog","category-charts","tag-earnings","tag-energy","tag-large-cap","tag-money-supply","tag-recession","tag-sandp500","tag-small-cap","tag-stocks","tag-tech"],"yoast_head":"\nThe Market in Pictures, April 28 - 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-april-28\/\" \/>\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, April 28 - Aptus Capital Advisors\" \/>\n<meta property=\"og:description\" content=\"Our team looks at a lot of research throughout each day. 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