Beckham:<\/strong> Inflation has made it back to the general range accepted by most central bankers<\/em><\/p>\n <\/p>\n <\/p>\n <\/p>\n John Luke:<\/strong> though long-term and short-term rates have significantly diverged since the FOMC decided to start cutting rates<\/em><\/p>\n <\/p>\n <\/p>\n <\/p>\n John Luke:<\/strong> and consumer outlooks for inflation are far from settled<\/em><\/p>\n <\/p>\n <\/p>\n <\/p>\n Brett: <\/strong>There\u2019s always something for investors to fear, though it changes over time and is usually not the resulting market catalyst (see 2023 \u201chard landing\u201d<\/em><\/p>\n \u00a0<\/em><\/p>\n <\/p>\n <\/p>\n Joseph:<\/strong> and market \u201crules\u201d often break (see inverted yield curve -> hard landing)<\/em><\/p>\n <\/p>\n <\/p>\n <\/p>\n Brett:<\/strong> Popularly quoted indicators are often not only wrong but often based on stories not data<\/em><\/p>\n <\/p>\n <\/p>\n <\/p>\n Brad:<\/strong> and the supposedly tight connection between the Fed balance sheet and equity performance<\/em><\/p>\n <\/p>\n <\/p>\n <\/p>\n John Luke:<\/strong> Contrary to popular belief, big up years for stocks (like 2023\/2024) occur more often than even small down years<\/em><\/p>\n <\/p>\n <\/p>\n <\/p>\n Brian:<\/strong> shown another way, many miss the (positive) right tails by worrying too much about the (negative) left tails<\/em><\/p>\n <\/p>\n <\/p>\n <\/p>\n Arch:<\/strong> But here we are, with strategists regularly taking the safe formula of (Current price + 5 to 10%)<\/em><\/p>\n <\/p>\n <\/p>\n <\/p>\n JD:<\/strong> and after last year\u2019s overly conservative outlooks, they\u2019re ratcheting back to the old formula<\/em><\/p>\n <\/p>\n <\/p>\n <\/p>\n Brad:<\/strong> Emerging markets have been the ugly duckling of portfolios in recent years<\/em><\/p>\n <\/p>\n <\/p>\n <\/p>\n Brad:<\/strong> Emerging markets have been the ugly duckling of portfolios in recent years<\/em><\/p>\n \u00a0<\/em><\/p>\n <\/p>\n <\/p>\n Dave:<\/strong> and like most equity diversifiers, completely stomped by the superior profitability of megacap US tech companies<\/em><\/p>\n <\/p>\n <\/p>\n <\/p>\n Brad:<\/strong> The handful of stocks that change lives are much more obvious in the rearview mirror than they were through the windshield<\/em><\/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-2412-19.\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 Beckham: Inflation has made it back to the general range accepted by most central bankers Data as of November 2024 John […]<\/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":[644,179,168],"class_list":["post-237476","post","type-post","status-publish","format-standard","hentry","category-blog","category-charts","tag-mag-7","tag-markets","tag-stocks"],"yoast_head":"\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Inflation-Normal-Bberg-12.18.png\")
Data as of November 2024<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/FOMC-Cut-Day-vs.-Dec-20-Strategas-JL.png\")
Source: Strategas as of 12.20.2024<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Inflation-Expectations-Bianco-12.23-JL.png\")
Data as of 12.23.2024<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Investor-Concerns-Now-and-Then-TKer-12.17.jpg\")
Data as of 12.17.2024<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/SP-vs.-inverted-yield-curve-Bilello-12-23.png\")
<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Valuation-Timing-Schwab-12.13-Brett.png\")
<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/SP-vs.-Fed-Assets-Creative-Planning-12.22.png\")
<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Big-Ups-vs.-Any-Downs-Carson-12.26-JL.jpg\")
<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Market-History-Bberg-12.23.png\")
<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Strategist-History-Bberg-12.23.png\")
Data as of November 2024<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Strategist-Target-Changes-RenMac-12.14.jpg\")
<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/em-vs-sp-record-low-Bilello12-23.png\")
<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Strong-Dollar-Bberg-12.27.png\")
<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Mag8-Profit-Margins-Yardeni-12.23.png\")
<\/p>\n![\"\"](\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2024\/12\/Top-Performers-Voronai-12.13-Brad.png\")
Data as of November 2024<\/span><\/p>\n<\/h5>\n
<\/h5>\n
Disclosures<\/b><\/h5>\n