Joseph:<\/strong> The FOMC confirmed what the market had started to price in, that rates wouldn\u2019t be cut as quickly as had been expected earlier in the year<\/span><\/i><\/p>\n <\/p>\n <\/p>\n <\/p>\n Beckham:<\/strong> and the members have moved slightly higher in their estimates for the neutral rate<\/span><\/i><\/p>\n <\/p>\n <\/p>\n <\/p>\n Brett:<\/strong> The US is not alone in cutting, as central banks around the world are doing the same<\/span><\/i><\/p>\n <\/p>\n <\/p>\n <\/p>\n Arch:<\/strong> but it doesn\u2019t look like the downslope will take us anywhere near as low as the previous zero interest rate policies<\/span><\/i><\/p>\n \u00a0<\/em><\/p>\n \u00a0<\/em><\/p>\n <\/p>\n Brett:<\/strong> Despite headlines of \u201ccash on the sidelines\u201d, US investor have generally let their equity allocation drift higher with the move in stocks<\/span><\/i><\/p>\n <\/p>\n Data as of November 2024<\/p>\n <\/p>\n JD:<\/strong> though in general, investors have suffered from persistently low expectations for equities<\/span><\/i><\/p>\n <\/p>\n <\/p>\n <\/p>\n John Luke:<\/strong> strategists, too\u2026though this year they\u2019re trying to catch up\u00a0<\/span><\/em><\/p>\n <\/p>\n <\/p>\n <\/p>\n Brad:<\/strong> Fund managers have become averse to cash despite higher yields<\/span><\/i><\/p>\n <\/p>\n <\/p>\n <\/p>\n Brad:<\/strong> and are putting that cash to work in stocks<\/span><\/i><\/p>\n <\/p>\n <\/p>\n <\/p>\n Dave:<\/strong> Recent earnings calls have seen higher mentions of positive consumer sentiment<\/span><\/i><\/p>\n <\/p>\n <\/p>\n <\/p>\n Dave:<\/strong> though company leaders have been mentioning the possible impact of tariffs in recent calls<\/span><\/i><\/p>\n <\/p>\n <\/p>\n Brad:<\/strong> Investors are equally concerned with the potential impact of tariffs<\/span><\/i><\/p>\n <\/p>\n <\/p>\n <\/p>\n Dave:<\/strong> Speaking of tariffs, in general the size across most geographies (exluding China) has been negligible<\/span><\/i><\/p>\n \u00a0<\/em><\/p>\n <\/p>\n <\/p>\n Joseph:<\/strong> Earnings drive stocks over the long-term, but of late prices had detached themselves a bit higher<\/span><\/i><\/p>\n <\/p>\n <\/p>\n Brian:<\/strong> and speaking of detachment, Mag 7 stocks have recently carved out their own path separate from the rest of the market<\/span><\/i><\/p>\n <\/p>\n <\/p>\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.<\/span><\/i><\/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.<\/span><\/i><\/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.<\/span><\/i><\/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-2412-18.\u00a0<\/span><\/i><\/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: \u00a0 Joseph: The FOMC confirmed what the market had started to price in, that rates wouldn\u2019t be cut as quickly as had been expected earlier […]<\/p>\n","protected":false},"author":19,"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":[371,67,644,168,56],"class_list":["post-237428","post","type-post","status-publish","format-standard","hentry","category-blog","category-charts","tag-banks","tag-fomc","tag-mag-7","tag-stocks","tag-tariffs"],"yoast_head":"\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/FOMC-Shift-12.18-Bberg.png\")
Data as of 12.19.2024<\/span><\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Dot-Plots-to-3-@LizThomasStrat-12.18.jpg\")
Source: @LizThomasStrat as of 12.18.2024<\/span><\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Central-Banks-Cutting-Bberg-12.18.png\")
<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Central-Banks-Pausing-Bberg-12.18.png\")
<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Household-Allocations-Bernstein-11.21.png\")
<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Bearish-Consumers-Bberg-12.18.png\")
Data as of November 2024<\/span><\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Strategist-Targets-Strategas-12.18-JL.png\")
Source: Strategas as of 12.17.2024<\/span><\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Fund-Managers-No-Cash-BofA-12.17.png\")
Data as of 12.13.2024<\/span><\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Fund-Managers-From-Cash-to-Stocks-Bberg-12.17.png\")
Data as of 12.13.2024<\/span><\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Consumer-Sentiment-Calls-Goldman-Nov-2024.jpg\")
Data as of 12.13.2024<\/span><\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Companies-Mentioning-Tariffs-Apollo-12.20.jpg\")
Source: Apollo as of 12.09.2024<\/span><\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Tariff-Risk-Goldman-12.16.jpg\")
Data as of November 2024<\/span><\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Tariff-Rates-Strategas-12.17-Dave.png\")
<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/NDX-Earnings-and-Price-New-Edge-12.13.png\")
Chart via NewEdge<\/span><\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Big-Growth-vs.-Market-Acadian-Nov-2024.png\")
Data as of November 2024<\/span><\/p>\n<\/h5>\n
<\/h5>\n
Disclosures<\/b><\/h5>\n