{"id":237240,"date":"2024-11-15T12:48:12","date_gmt":"2024-11-15T17:48:12","guid":{"rendered":"https:\/\/aptuscapitaladvisors.com\/?p=237240"},"modified":"2024-11-15T15:12:55","modified_gmt":"2024-11-15T20:12:55","slug":"the-market-in-pictures-november-15","status":"publish","type":"post","link":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-november-15\/","title":{"rendered":"The Market in Pictures, November 15"},"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

Brad:<\/strong> Stocks had a nice run of daily inflows coming into and out of the election<\/em><\/p>\n

 <\/p>\n

\"\"Source: Goldman Sachs as of 11.13.2024<\/p>\n

 <\/p>\n

Brian:<\/strong> though after the past few days, Bitcoin is the standout post-election performer<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

Beckham:<\/strong> The U.S. economy has been on a good run of exceeding expectations throughout the fall<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 11.08.2024<\/p>\n

 <\/p>\n

Brett:<\/strong> though it\u2019s par for the course for the FOMC to underestimate the economic strength<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 11.08.2024<\/p>\n

 <\/p>\n

John Luke:<\/strong> and the market is again separating from the Fed\u2019s published expectations<\/em><\/p>\n

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

\"\"Data as of 11.08.2024<\/p>\n

 <\/p>\n

Arch:<\/strong> This continues a pattern of misalignment between market expectations and those of the Fed<\/em><\/p>\n

 <\/p>\n

\"\"Source: Apollo as of 11.09.2024<\/p>\n

 <\/p>\n

John Luke:<\/strong> and through all of the uncertainty, the Core Consumer Price Index (CPI) has actually been pretty steady<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 11.13.2024<\/p>\n

 <\/p>\n

Brad:<\/strong> with the economic history books showing past patterns of inflation stabilizing at higher levels and then surging to even higher highs<\/em><\/p>\n

 <\/p>\n

\"\"Source: Strategas as of 11.13.2024<\/p>\n

 <\/p>\n

Joseph:<\/strong> The current move higher in bond yields looks tied to buyers demanding higher real rates for their dollars<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 11.08.2024<\/p>\n

 <\/p>\n

John Luke:<\/strong> and the economic strength implied by that type of move ties in with the seasonal tendency towards more value-oriented sectors<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 11.09.2024<\/p>\n

 <\/p>\n

Dave:<\/strong> Earnings growth hasn\u2019t been huge but for U.S. large caps it\u2019s generally been higher than expectations<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

Dave:<\/strong> though the larger driver of the move higher in stocks has been higher valuations, presumably driven by optimism about future earnings<\/em><\/p>\n

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

\"\"<\/p>\n

 <\/p>\n

JD:<\/strong> Are stocks really that much more valuable, or is currency debasement simply being reflected in higher prices for risk assets?<\/em><\/p>\n

 <\/p>\n

\"\" Data as of 11.13.2024<\/p>\n

\u00a0<\/strong><\/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-2411-19. <\/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: Brad: Stocks had a nice run of daily inflows coming into and out of the election   Source: Goldman Sachs as of 11.13.2024   Brian: […]<\/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":[132,242,615,179,168],"class_list":["post-237240","post","type-post","status-publish","format-standard","hentry","category-blog","category-charts","tag-earnings","tag-economy","tag-election","tag-markets","tag-stocks"],"yoast_head":"\nThe Market in Pictures, November 15 - 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-november-15\/\" \/>\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, November 15 - Aptus Capital Advisors\" \/>\n<meta property=\"og:description\" content=\"Our team looks at a lot of research throughout each day. 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