{"id":237716,"date":"2025-02-07T13:34:36","date_gmt":"2025-02-07T18:34:36","guid":{"rendered":"https:\/\/aptuscapitaladvisors.com\/?p=237716"},"modified":"2025-02-07T16:17:48","modified_gmt":"2025-02-07T21:17:48","slug":"the-market-in-pictures-february-7","status":"publish","type":"post","link":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-february-7\/","title":{"rendered":"The Market in Pictures, February 7"},"content":{"rendered":"

Our team looks at a lot of research throughout the day. Here are a handful that we think are contributing to investor activity , from rate expectations to growth drivers to government spending and comparisons of foreign markets to ours. Enjoy!<\/p>\n

 <\/p>\n

Dave:<\/strong> Post-DeepSeek, the focus on tech earnings calls is capital spending plans. Megacap earnings calls made it clear it\u2019s only going higher<\/em><\/p>\n

 <\/p>\n

\"\"Source: Bernstein as of 02.07.2025<\/p>\n

 <\/p>\n

 <\/p>\n

Joseph:<\/strong> and the total numbers across this group are mind-boggling<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

 <\/p>\n

Brian:<\/strong> Artificial intelligence (AI) is obviously a specific focus of massive funding in the US and abroad<\/em><\/p>\n

 <\/p>\n

\"\"Data as of March 2024<\/p>\n

 <\/p>\n

 <\/p>\n

Beckham:<\/strong> but additional spending plans across the economy have jumped higher since the election<\/em><\/p>\n

 <\/p>\n

\"\"Data as of January 2025<\/p>\n

 <\/p>\n

 <\/p>\n

John Luke:<\/strong> Inflation measures are settling into a range just above 3%<\/em><\/p>\n

 <\/p>\n

\"\"Data as of January 2025<\/p>\n

 <\/p>\n

 <\/p>\n

Brian:<\/strong> though consumer expectations are detaching themselves to the upside<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 02.07.2025<\/p>\n

 <\/p>\n

 <\/p>\n

Joseph:<\/strong> Expectations by market participants generally follow along with the price of crude<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 02.04.2025<\/p>\n

 <\/p>\n

 <\/p>\n

John Luke:<\/strong> and 10-Year Treasuries have historically kept a tight relationship with nominal growth<\/em><\/p>\n

 <\/p>\n

\"\"Source: Bloomberg as of 02.05.2025<\/p>\n

 <\/p>\n

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

Brett:<\/strong> Tariffs can impact some state economies more than others<\/em><\/p>\n

 <\/p>\n

\"\"Data as of December 2024<\/em><\/p>\n

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

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

Dave:<\/strong> but aren\u2019t as impactful to S&P 500 earnings<\/em><\/p>\n

 <\/p>\n

\"\"Source: Strategas as of 02.04.2025<\/p>\n

 <\/p>\n

 <\/p>\n

John Luke:<\/strong> Stories are recycled daily about the weight carried by Mag 7 stocks, but the fundamentals have justified the dominance<\/em><\/p>\n

 <\/p>\n

\"\"Source: Advisor Perspectives as of 01.30.2025<\/p>\n

 <\/p>\n

 <\/p>\n

Brad:<\/strong> and past episodes of high concentration have had little impact on future index returns<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

 <\/p>\n

Arch:<\/strong> The past few months have shown a separation in employment between companies focused on services vs. goods <\/em><\/p>\n

 <\/p>\n

\"\"Data as of 02.07.2025<\/p>\n

 <\/p>\n

 <\/p>\n

John Luke:<\/strong> and overall, the jobs situation would seem to keep the Fed in \u201cwait and see\u201d mode<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 02.07.2025<\/p>\n

 <\/p>\n

 <\/p>\n

Brad:<\/strong> It remains hard to justify overweighting foreign stocks, given relative US business performance<\/em><\/p>\n

 <\/p>\n

\"\"Data as of January 2025<\/p>\n

 <\/p>\n

 <\/p>\n

John Luke:<\/strong> but the rise in debt will need to be monitored if it crowds out private enterprise<\/em><\/p>\n

 <\/p>\n

\"\"Data as of January 2025<\/p>\n

 <\/p>\n

These charts paint an evolving picture of where we\u2019ve been and where we might go. As always, we\u2019ll continue monitoring and interpreting the evidence to help navigate what\u2019s ahead.<\/p>\n

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

 <\/p>\n

 <\/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-2502-11. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Our team looks at a lot of research throughout the day. Here are a handful that we think are contributing to investor activity , from rate expectations to growth drivers to government spending and comparisons of foreign markets to ours. Enjoy!   Dave: Post-DeepSeek, the focus on tech earnings calls is capital spending plans. Megacap […]<\/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":[132,179,316,56],"class_list":["post-237716","post","type-post","status-publish","format-standard","hentry","category-blog","category-charts","tag-earnings","tag-markets","tag-rates","tag-tariffs"],"yoast_head":"\nThe Market in Pictures, February 7 - 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-february-7\/\" \/>\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, February 7 - Aptus Capital Advisors\" \/>\n<meta property=\"og:description\" content=\"Our team looks at a lot of research throughout the day. 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