{"id":236273,"date":"2024-06-21T13:00:34","date_gmt":"2024-06-21T17:00:34","guid":{"rendered":"https:\/\/aptuscapitaladvisors.com\/?p=236273"},"modified":"2024-06-21T16:05:16","modified_gmt":"2024-06-21T20:05:16","slug":"the-market-in-pictures-june-21","status":"publish","type":"post","link":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-june-21\/","title":{"rendered":"The Market in Pictures, June 21"},"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

Dave:<\/strong> Bigger stocks have been rewarded with higher valuations<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

Brad:<\/strong> and the dominance of the biggest of the big makes them huge components across commonly used funds<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

Beckham:<\/strong> that said, those big NASDAQ names have generally earned their leadership positions through consistent growth<\/em><\/p>\n

 <\/p>\n

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

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

Brett: <\/strong>The other side of megacap domination is that very few stocks have been able to keep up with the S&P 500<\/em><\/p>\n

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

\"\"<\/strong>Source: The Compound Media as of 06.18.2024<\/p>\n

 <\/p>\n

Arch:<\/strong> with the divergence between the broader market and the index a historical outlier<\/em><\/p>\n

 <\/p>\n

\"\"<\/strong><\/p>\n

 <\/p>\n

Joseph:<\/strong> and only 1998-99 eclipsing the current period for range of dispersion<\/em><\/p>\n

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

\"\"<\/strong>Data as of 06.14.2024<\/p>\n

 <\/p>\n

Brad:<\/strong> We\u2019re finally seeing a higher % of companies achieve strong year-over-year growth<\/em><\/p>\n

 <\/p>\n

\"\"<\/strong>Data as of 06.09.2024<\/p>\n

 <\/p>\n

JD:<\/strong> leading to a bit of a catchup in the \u201cGrowth\u201d component of \u201cYield + Growth\u201d<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

Brian:<\/strong> According to this indicator, risk appetite is returning for public fund buyers<\/em><\/p>\n

 <\/p>\n

\"\"<\/strong>Data as of 06.14.2024<\/p>\n

 <\/p>\n

Brett:<\/strong> though it appears that institutions are not at all interested in buying stocks after the rally<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 06.14.2024<\/p>\n

 <\/p>\n

John Luke:<\/strong> but we know that sentiment and surveys can be a bit squishy, look here at the difference between what businesses are doing and how they feel<\/em><\/p>\n

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

\"\"<\/strong>Source: NFIB as of 06.09.2024<\/p>\n

 <\/p>\n

John Luke:<\/strong> If you\u2019re wondering whether this is a normal bear market for bonds, it\u2019s not<\/em><\/p>\n

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

\"\"<\/strong><\/p>\n

 <\/p>\n

John Luke:<\/strong> and after all of that we\u2019ve just now reached the point where half of the components have returned to the Fed\u2019s target rate for rising prices<\/em><\/p>\n

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

\"\"<\/strong>Source: Strategas as of 06.17.2024<\/p>\n

 <\/p>\n

Brad:<\/strong> The continuing theme of the past year is the impact of artificial intelligence (AI), with NVDA as the poster child<\/em><\/p>\n

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

\"\"Source: Goldman Sachs as of June 2024<\/p>\n

 <\/p>\n

Joseph:<\/strong> but its contribution to higher power consumption seems pretty clear<\/em><\/p>\n

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

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

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

\u00a0<\/strong>Dave:<\/strong> Wall Street strategists will eventually chase prices higher but they\u2019ve not fully caved yet<\/em><\/p>\n

 <\/p>\n

\"\"Source: Strategas as of 06.17.2024<\/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><\/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-2406-19. <\/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: Bigger stocks have been rewarded with higher valuations     Brad: and the dominance of the biggest of the big makes them huge components […]<\/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":[477,132,179,276,168,245],"class_list":["post-236273","post","type-post","status-publish","format-standard","hentry","category-blog","category-charts","tag-ai","tag-earnings","tag-markets","tag-sp-500","tag-stocks","tag-valuations"],"yoast_head":"\nThe Market in Pictures, June 21 - 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-june-21\/\" \/>\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, June 21 - Aptus Capital Advisors\" \/>\n<meta property=\"og:description\" content=\"Our team looks at a lot of research throughout each day. 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