{"id":235887,"date":"2024-04-12T13:41:59","date_gmt":"2024-04-12T17:41:59","guid":{"rendered":"https:\/\/aptuscapitaladvisors.com\/?p=235887"},"modified":"2024-04-12T16:11:20","modified_gmt":"2024-04-12T20:11:20","slug":"the-market-in-pictures-april-12","status":"publish","type":"post","link":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-april-12\/","title":{"rendered":"The Market in Pictures, April 12"},"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> This week was mostly about inflation, with CPI Supercore running hot<\/em><\/p>\n

 <\/p>\n

\"\"Source: MKM as of 04.10.2024<\/p>\n

 <\/p>\n

Brian:<\/strong> with auto insurance becoming a larger and more painful component<\/em><\/p>\n

 <\/p>\n

\"\"Source: Bloomberg as of 04.11.2024<\/p>\n

 <\/p>\n

Joseph:<\/strong> and services as a whole staying stubbornly high after receding from peak year-over-year rates<\/em><\/p>\n

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

\"\"Data as of 04.10.2024<\/p>\n

 <\/p>\n

Brett:<\/strong> the story is the same in Europe<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 04.10.2024<\/p>\n

 <\/p>\n

Beckham:<\/strong> Manufacturing is becoming a differentiator for the U.S. vs. the European Union<\/em><\/p>\n

 <\/p>\n

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

 <\/p>\n

Dave:<\/strong> which is showing up in a stable, positive jobs picture in the U.S.<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 04.05.2024<\/p>\n

 <\/p>\n

Joseph:<\/strong> and as long as people have jobs, they\u2019re going to spend money and keep the economy growing<\/em><\/p>\n

 <\/p>\n

\"\"Source: JP Morgan as of March 2024<\/p>\n

 <\/p>\n

\u00a0<\/em><\/strong>Brad:<\/strong> The timing of FOMC rate cuts continues to get pushed out, as we remain in a \u201cpause\u201d<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 04.10.2024<\/p>\n

 <\/p>\n

John Luke:<\/strong> with a slow, quiet bleed in quantitative tightening continuing<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 04.10.2024<\/p>\n

 <\/p>\n

JD:<\/strong> and the U.S. government debt burden just piles up<\/em><\/p>\n

 <\/p>\n

\"\"Source: Jefferies as of March 2024<\/p>\n

 <\/p>\n

Beckham:<\/strong> The area of the market that\u2019s been most tied to the movements in rates has been Real Estate Investment Trusts (REITs)<\/em><\/p>\n

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

\"\"Data as of 04.09.2024<\/p>\n

 <\/p>\n

Beckham:<\/strong> with the same pattern happening in European REITs<\/em><\/p>\n

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

\"\"Data as of 04.09.2024<\/p>\n

 <\/p>\n

Joseph:<\/strong> and what is now 25+ years of no price appreciation in U.S. office REIT stocks<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 04.10.2024<\/p>\n

 <\/p>\n

Brett:<\/strong> We\u2019ve entered a blackout window preventing a high % of U.S. companies from buying back stock during earnings season<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 04.05.2024<\/p>\n

 <\/p>\n

John Luke:<\/strong> at a time when U.S. stocks are getting a bit wobbly after a steady 5-month uptrend <\/em><\/p>\n

 <\/p>\n

\"\"Source: Strategas as of 04.10.2024<\/p>\n

 <\/p>\n

Dave:<\/strong> Hopefully, after a long period in which the S&P 500 has dominated earnings<\/em><\/p>\n

 <\/p>\n

\"\"Source: Meketa as of January 2024<\/p>\n

 <\/p>\n

Dave:<\/strong> we may be closer to a broadening of growth rates across more industries and geographies<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

John Luke:<\/strong> While sentiment after the rally may have become a bit too giddy<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 04.05.2024<\/p>\n

 <\/p>\n

Brian:<\/strong> we seem to have the general support of a shrunken supply of stocks to soak up investor cash<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 04.08.2024<\/p>\n

 <\/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

T<\/em>his 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-2404-23.<\/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: This week was mostly about inflation, with CPI Supercore running hot   Source: MKM as of 04.10.2024   Brian: with auto insurance […]<\/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":[53,376,132,83,124,179,306,606,473,168,605],"class_list":["post-235887","post","type-post","status-publish","format-standard","hentry","category-blog","category-charts","tag-cpi","tag-debt","tag-earnings","tag-inflation","tag-jobs","tag-markets","tag-rate-cuts","tag-reit-stocks","tag-services","tag-stocks","tag-supercore"],"yoast_head":"\nThe Market in Pictures, April 12 - 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-12\/\" \/>\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 12 - Aptus Capital Advisors\" \/>\n<meta property=\"og:description\" content=\"Our team looks at a lot of research throughout each day. 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