{"id":237787,"date":"2025-02-21T13:57:15","date_gmt":"2025-02-21T18:57:15","guid":{"rendered":"https:\/\/aptuscapitaladvisors.com\/?p=237787"},"modified":"2025-02-21T16:36:17","modified_gmt":"2025-02-21T21:36:17","slug":"the-market-in-pictures-february-21","status":"publish","type":"post","link":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-february-21\/","title":{"rendered":"The Market in Pictures, February 21"},"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 earnings to tariffs to market breadth and comparisons of foreign markets to ours. Enjoy!<\/p>\n

 <\/p>\n

Beckham:<\/strong> It\u2019s not just megcap tech that\u2019s seeing profit margins on the rise<\/em><\/p>\n

 <\/p>\n

\"\"Via @SamRo as of 02.15.2025<\/p>\n

 <\/p>\n

 <\/p>\n

Brad:<\/strong> resulting in solid earnings on only slightly higher sales growth<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 02.17.2025<\/p>\n

 <\/p>\n

 <\/p>\n

Dave:<\/strong> Megacap tech earnings comprise a huge chunk of overall S&P 500 earnings, but an even bigger chunk of market capitalization<\/em><\/p>\n

 <\/p>\n

\"\"Source: Strategas as of 02.21.2025<\/p>\n

 <\/p>\n

 <\/p>\n

Joseph:<\/strong> and moving to equal-weighted earnings, the trend hasn\u2019t been great<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 02.18.2025<\/p>\n

 <\/p>\n

 <\/p>\n

Brett:<\/strong> Maybe the earnings dominance vs. smaller stocks will finally shrink as 2025 unfolds<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

 <\/p>\n

 <\/p>\n

John Luke:<\/strong> as outcomes turn a bit more company-specific<\/em><\/p>\n

 <\/p>\n

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

 <\/p>\n

 <\/p>\n

Brad:<\/strong> Wherever tariffs land, they\u2019re coming from historically low levels<\/em><\/p>\n

 <\/p>\n

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

 <\/p>\n

 <\/p>\n

Arch:<\/strong> and will make up a tiny fraction of the overall economy<\/em><\/p>\n

 <\/p>\n

\"\"Source: Apollo as of 02.20.2025<\/p>\n

 <\/p>\n

 <\/p>\n

Beckham:<\/strong> Housing\u2019s struggles are not surprising given the sharp rise in rates relative to income growth<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 02.15.2025<\/p>\n

 <\/p>\n

 <\/p>\n

John Luke:<\/strong> but manufacturing is seeing new signs of resurgence<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 02.14.2024<\/p>\n

 <\/p>\n

 <\/p>\n

Joseph:<\/strong> and quantitative tightening (QT) might be looking at a break, as monetary policy levers shift<\/em><\/p>\n

 <\/p>\n

\"\"Source: Strategas as of 02.15.2025<\/p>\n

 <\/p>\n

 <\/p>\n

John Luke:<\/strong> Explosive earnings growth is hard for companies to sustain<\/em><\/p>\n

 <\/p>\n

\"\"Source: Goldman Sachs as of January 2025<\/p>\n

 <\/p>\n

 <\/p>\n

Brian:<\/strong> unlike the concern that US stocks are overvalued vs. peers, which has persisted throughout the past 10 years<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 02.14.2025<\/p>\n

 <\/p>\n

 <\/p>\n

JD:<\/strong> It wasn’t expected by many at the time, but holding stocks from the exact pre-COVID peak has worked out just fine for investors<\/em><\/p>\n

 <\/p>\n

\"\"Via Raymond James as of 02.18.2025<\/p>\n

 <\/p>\n

 <\/p>\n

Arch:<\/strong> and when you include returns vs. volatility, S&P 500 performance has been even more impressive<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

 <\/p>\n

Dave:<\/strong> The business fundamentals of US companies paint a strong case for the dominance of US stocks over every major asset class<\/em><\/p>\n

 <\/p>\n

\"\"Source: Strategas as of 02.17.2025<\/p>\n

 <\/p>\n

\u00a0<\/strong><\/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-2502-19. <\/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 earnings to tariffs to market breadth and comparisons of foreign markets to ours. Enjoy!   Beckham: It\u2019s not just megcap tech that\u2019s seeing profit margins on the rise   Via @SamRo […]<\/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":[132,83,179,330,316,56],"class_list":["post-237787","post","type-post","status-publish","format-standard","hentry","category-blog","category-charts","tag-earnings","tag-inflation","tag-markets","tag-mortgage","tag-rates","tag-tariffs"],"yoast_head":"\nThe Market in Pictures, February 21 - 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-21\/\" \/>\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 21 - Aptus Capital Advisors\" \/>\n<meta property=\"og:description\" content=\"Our team looks at a lot of research throughout the day. 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