{"id":235535,"date":"2024-02-09T14:18:48","date_gmt":"2024-02-09T19:18:48","guid":{"rendered":"https:\/\/aptuscapitaladvisors.com\/?p=235535"},"modified":"2024-02-09T15:27:46","modified_gmt":"2024-02-09T20:27:46","slug":"the-market-in-pictures-february-9","status":"publish","type":"post","link":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-february-9\/","title":{"rendered":"The Market in Pictures, February 9"},"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

John Luke:<\/strong> Market expectations for 2024 interest rate cuts are slowly moving back towards FOMC guidance<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 02.05.2024<\/p>\n

 <\/p>\n

John Luke:<\/strong> as the underlying economy is producing data indicating that the inflation battle is still underway<\/em><\/p>\n

 <\/p>\n

\"\"Source: Bloomberg as of 02.05.2024<\/p>\n

 <\/p>\n

Dave:<\/strong> and long bonds are suffering as a result, relative to historical post-hiking cycle performance <\/em><\/p>\n

 <\/p>\n

\"\"Source: Strategas as of 02.04.2024<\/p>\n

 <\/p>\n

John Luke:<\/strong> Large growth continues to dominate <\/em><\/p>\n

 <\/p>\n

\"\"Source: Morningstar as of 02.05.2024<\/p>\n

 <\/p>\n

Brad:<\/strong> but one of the \u201cMag 7\u201d is losing its place<\/em><\/p>\n

 <\/p>\n

\"\"Source: Strategas as of 02.06.2023<\/p>\n

 <\/p>\n

Brian:<\/strong> which is something that has often occurred in the following year for the largest market-cap companies<\/em><\/p>\n

 <\/p>\n

\"\"Source: GMO as of Jan 2024<\/p>\n

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

\u00a0<\/strong>Dave:<\/strong> and looking out a few quarters shows the possibility of some serious earnings gains for smaller companies<\/em><\/p>\n

 <\/p>\n

\"\"Source: Strategas as of 02.07.2023<\/p>\n

 <\/p>\n

Beckham:<\/strong> It\u2019s not a surprise to see how far ahead tech is, at the expense of all other sectors<\/em><\/p>\n

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

\"\"Source: Grindstone Intelligence<\/p>\n

 <\/p>\n

John Luke:<\/strong> but now prices for technology stocks have raced far ahead of their own earnings<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

Joseph:<\/strong> while the neglected energy companies shovel cash flow into buybacks and dividends<\/em><\/p>\n

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

\"\"Data as of January 2024<\/p>\n

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

\u00a0<\/em><\/strong>Dave:<\/strong> Earnings estimates are bumping slightly off of the bottom<\/em><\/p>\n

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

\"\"Data as of 01.31.2024<\/p>\n

 <\/p>\n

Brad:<\/strong> as the trickle of reports turns into a flood, and shows better growth than expected a month ago<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 02.02.2024<\/p>\n

 <\/p>\n

Brian:<\/strong> Confidence among corporate executives is moving nicely higher from multi-year lows<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 02.08.2024<\/p>\n

 <\/p>\n

Beckham:<\/strong> as inflation worries fade but equally important, the general level of interest expense among corporations<\/em><\/p>\n

 <\/p>\n

\"\"Data as of January 2024<\/p>\n

 <\/p>\n

Joseph:<\/strong> Everyone knows most foreign markets have significantly lagged the U.S., but this pic shows an interest set of dynamics<\/em><\/p>\n

 <\/p>\n

\"\"Source: Raymond James as of 02.09.2024<\/p>\n

 <\/p>\n

Brett:<\/strong> Regular reminder, ETFs operate with a different (better!) tax structure than mutual funds<\/em><\/p>\n

 <\/p>\n

\"\"Via @nategeraci<\/p>\n

 <\/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

\u00a0<\/em>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

\u00a0<\/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 & tax professional before implementing any investment strategy. Investing involves risk. Principal loss is possible.<\/em><\/p>\n

\u00a0<\/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-2402-11.<\/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:   John Luke: Market expectations for 2024 interest rate cuts are slowly moving back towards FOMC guidance   Data as of 02.05.2024   John Luke: […]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","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":[84,132,83,560,179,168,377],"class_list":["post-235535","post","type-post","status-publish","format-standard","hentry","category-blog","category-charts","tag-bonds","tag-earnings","tag-inflation","tag-magnificent-7","tag-markets","tag-stocks","tag-tech"],"yoast_head":"\nThe Market in Pictures, February 9 - 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-february-9\/\" \/>\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, February 9 - Aptus Capital Advisors\" \/>\n<meta property=\"og:description\" content=\"Our team looks at a lot of research throughout each day. 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