{"id":237286,"date":"2024-11-22T16:16:28","date_gmt":"2024-11-22T21:16:28","guid":{"rendered":"https:\/\/aptuscapitaladvisors.com\/?p=237286"},"modified":"2024-11-22T16:18:38","modified_gmt":"2024-11-22T21:18:38","slug":"the-market-in-pictures-november-22","status":"publish","type":"post","link":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-november-22\/","title":{"rendered":"The Market in Pictures, November 22"},"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

Dave:<\/strong> Q3 earnings are generally behind us and the general tone was solid<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 11.18.2024<\/p>\n

 <\/p>\n

Dave:<\/strong> with overall growth slightly ahead of incoming expectations<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

Source: Strategas as of 11.18.2024<\/p>\n

 <\/p>\n

Dave:<\/strong> but slight downward revisions in future quarters<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

Source: Strategas as of 11.18.2024<\/p>\n

 <\/p>\n

Beckham:<\/strong> and overall, a continued push higher in the great American growth story<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

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

Brett:<\/strong> There is hope that economies across the globe are set for at least some growth in the next 12-24 months<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

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

\u00a0<\/em>Arch:<\/strong> but in general, foreign companies have not grown at even close to the same levels as the U.S.<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

\u00a0<\/strong>Source: New Edge as of 11.14.2024<\/p>\n

 <\/p>\n

Joseph:<\/strong> which has led to dramatic underperformance in Europe and elsewhere<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

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

Brian:<\/strong> again showing that growth is the ultimate driver of long-term equity performance<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

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

Dave:<\/strong> Even within the U.S. itself, we see dramatic differences in the valuations rewarded to higher-growing companies<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

\u00a0<\/em>Source: Strategas as of 11.15.2024<\/p>\n

 <\/p>\n

John Luke:<\/strong> with profit margins and overall quality rewarded at the expense of smaller, slower-growing companies<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

Data as of 11.19.2024<\/p>\n

 <\/p>\n

John Luke:<\/strong> and the inability of those companies to secure as much low-rate debt coming out of COVID<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

Dave:<\/strong> Speaking of debt, our federal government holds a ton, and many are hopeful that the incoming administration can slow the runaway spending<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

\u00a0<\/em>Data as of 10.31.2024<\/p>\n

 <\/p>\n

JD:<\/strong> and while that may reduce overall growth rates, the truth is that much of the path of federal spending is locked in unless someone is willing to accept public revolt<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

Data as of September 2024\u00a0<\/strong><\/p>\n

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

Dave:<\/strong> As much as investors slam the market as driven by a few big tech names, it\u2019s been mostly explained by their fundamental performance<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

\u00a0<\/strong>\u00a0<\/strong>Source: Goldman Sachs as of 11.15.2024<\/p>\n

 <\/p>\n

Brad:<\/strong> yet active funds as a whole have found themselves frustratingly underweight the glamour names<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

Data as of 11.20.2024<\/p>\n

 <\/p>\n

Brad:<\/strong> Despite the run, a checklist of common attributes of a market top shows very few are actually in place<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

Source: Strategas as of 11.21.2024<\/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-2411-22. <\/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: Q3 earnings are generally behind us and the general tone was solid   Data as of 11.18.2024   Dave: with overall growth slightly […]<\/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":[132,666,168],"class_list":["post-237286","post","type-post","status-publish","format-standard","hentry","category-blog","category-charts","tag-earnings","tag-profit-margins","tag-stocks"],"yoast_head":"\nThe Market in Pictures, November 22 - 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-22\/\" \/>\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 22 - Aptus Capital Advisors\" \/>\n<meta property=\"og:description\" content=\"Our team looks at a lot of research throughout each day. 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