{"id":237072,"date":"2024-10-18T13:16:01","date_gmt":"2024-10-18T17:16:01","guid":{"rendered":"https:\/\/aptuscapitaladvisors.com\/?p=237072"},"modified":"2024-10-18T16:34:19","modified_gmt":"2024-10-18T20:34:19","slug":"the-market-in-pictures-october-18","status":"publish","type":"post","link":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-october-18\/","title":{"rendered":"The Market in Pictures, October 18"},"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


\n<\/em><\/strong>Beckham:<\/strong> This week\u2019s retail sales report again showed a steady pace of consumer spending<\/em><\/p>\n

 <\/p>\n

\"\"Source: Charles Schwab as of 10.17.2024<\/p>\n

 <\/p>\n

Joseph:<\/strong> which is part of the strength feeding into expectations for global growth<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 10.15.2024<\/p>\n

 <\/p>\n

Arch:<\/strong> and while all income groups are benefitting from the economic tailwinds <\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

Brett:<\/strong> we\u2019re seeing some challenges, likely for those who\u2019ve not benefitted from the rise in home and stock prices<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 10.15.2024<\/p>\n

 <\/p>\n

Brett:<\/strong> At the corporate level, we\u2019re seeing few signs of difficulty in covering loan payments, here or overseas<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

John Luke:<\/strong> resulting in historically low compensation for buyers of credit<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 10.14.2024<\/p>\n

 <\/p>\n

Brian:<\/strong> By one measure, the long downtrend of grocery bills relative to income has resumed after the 2021-22 spike<\/em><\/p>\n

 <\/p>\n

\"\"Source: MarketWatch as of 10.16.2024<\/p>\n

 <\/p>\n

John Luke:<\/strong> though when you take a broader look at all components, it\u2019s possible we\u2019ve seen the low in inflation rates<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 10.10.2024<\/p>\n

 <\/p>\n

Joseph:<\/strong> It\u2019s important to note that some passive indexes hold companies based strictly on market capitalization, with no regard for business fundamentals <\/em><\/p>\n

 <\/p>\n

\"\"Source: Apollo as of 09.30.2024<\/p>\n

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

Beckham:<\/strong> while large-cap indexes continues to move in the direction of quality<\/em><\/p>\n

 <\/p>\n

\"\"Source: Paulsens Perspectives as of 10.15.2024<\/p>\n

 <\/p>\n

Dave:<\/strong> This difference is an important distinction when comparing \u201csmall caps\u201d vs. large caps<\/em><\/p>\n

 <\/p>\n

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

 <\/p>\n

Dave:<\/strong> likely contributing to the unusual valuation discount despite the opportunities in smaller stocks<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

Dave:<\/strong> as their performance continues to trail large caps like it has for most of the past decade<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

JD:<\/strong> To this point of the year, the advance in the S&P 500 beats every other year this century<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 10.11.2024<\/p>\n

 <\/p>\n

Brad:<\/strong> with companies continuing to announce large stock buybacks<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

Brad:<\/strong> and households doing little to rebalance funds into other asset classes<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

Brad:<\/strong> We have no idea what markets will do into and through this contentious election, but history has mostly been favorable<\/em><\/p>\n

 <\/p>\n

\"\" Source: Goldman Sachs<\/p>\n

 <\/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-2410-25. <\/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: Beckham: This week\u2019s retail sales report again showed a steady pace of consumer spending   Source: Charles Schwab as of 10.17.2024   Joseph: which is […]<\/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":[493,275,504,83],"class_list":["post-237072","post","type-post","status-publish","format-standard","hentry","category-blog","category-charts","tag-credit","tag-equities","tag-homeowners","tag-inflation"],"yoast_head":"\nThe Market in Pictures, October 18 - 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-october-18\/\" \/>\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, October 18 - Aptus Capital Advisors\" \/>\n<meta property=\"og:description\" content=\"Our team looks at a lot of research throughout each day. 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