{"id":237107,"date":"2024-10-25T13:09:42","date_gmt":"2024-10-25T17:09:42","guid":{"rendered":"https:\/\/aptuscapitaladvisors.com\/?p=237107"},"modified":"2024-10-25T15:45:33","modified_gmt":"2024-10-25T19:45:33","slug":"the-market-in-pictures-october-25","status":"publish","type":"post","link":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-october-25\/","title":{"rendered":"The Market in Pictures, October 25"},"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

Joseph:<\/strong> Bonds have been the greater source of volatility since the Fed cut rates in September<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 10.24.2024<\/p>\n

 <\/p>\n

JD:<\/strong> and fund managers are losing enthusiasm for allocating to bonds<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 10.21.2024<\/p>\n

 <\/p>\n

John Luke:<\/strong> Neither party will bring austerity but there\u2019s been a notable correlation between the odds of a Trump win, and bond yields<\/em><\/p>\n

 <\/p>\n

\"\"
\nData as of 10.22.2024<\/p>\n

 <\/p>\n

John Luke:<\/strong> This has fed into higher mortgage rates, which many had hoped would be coming down as the Fed starting cutting rates<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 10.24.2024<\/p>\n

 <\/p>\n

Arch:<\/strong> with the loss of downward rate momentum feeding into continued normalization of housing supply<\/em><\/p>\n

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

\"\"<\/p>\n

 <\/p>\n

Brad:<\/strong> Evidence is mounting that the US economy is not at imminent risk of a recession<\/em><\/p>\n

 <\/p>\n

\"\"Source: Sevens Report 10.21.2024<\/p>\n

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

Brett:<\/strong> with recent economic surprises less likely to be occurring on the downside<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 10.23.2024<\/p>\n

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

Beckham:<\/strong> and fewer rate cuts now being priced in by the bond market<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 10.22.2024<\/p>\n

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

Brett:<\/strong> Earnings season is underway, will be interesting to note if recent trends regarding onshoring continue<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

Dave:<\/strong> as we head into the heart of earnings, Q3 estimates show continued Mag 7 dominance but future earnings growth broadening out<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 10.23.2024<\/p>\n

 <\/p>\n

Dave: <\/strong>the real story is that profit margins for the largest US corporations continue to improve<\/em><\/p>\n

 <\/p>\n

\"\"Source: Strategas as of 10.21.2024<\/p>\n

 <\/p>\n

Beckham:<\/strong> this profitability and productivity miracle is a huge reason US stocks have dominated despite a decline in global economic impact<\/em><\/p>\n

 <\/p>\n

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

 <\/p>\n

Brian:<\/strong> Wall Street strategists tend to just follow along with market movement, and like 2023 they just keep chasing prices higher<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 10.21.2024<\/p>\n

 <\/p>\n

Brad:<\/strong> this as we head towards the setting of 2025 targets what is a historically favorable season for stocks<\/em><\/p>\n

 <\/p>\n

\"\"Source: Strategas as of 10.24.2024<\/p>\n

 <\/p>\n

John Luke:<\/strong> Stock buybacks have become a political target, but they\u2019ve been a huge tailwind for investors<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 10.21.2024<\/p>\n

 <\/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-2410-29. <\/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: Joseph: Bonds have been the greater source of volatility since the Fed cut rates in September   Data as of 10.24.2024   JD: and fund […]<\/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":[615,185,168],"class_list":["post-237107","post","type-post","status-publish","format-standard","hentry","category-blog","category-charts","tag-election","tag-housing","tag-stocks"],"yoast_head":"\nThe Market in Pictures, October 25 - 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-25\/\" \/>\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 25 - Aptus Capital Advisors\" \/>\n<meta property=\"og:description\" content=\"Our team looks at a lot of research throughout each day. 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