{"id":237945,"date":"2025-03-21T15:29:34","date_gmt":"2025-03-21T19:29:34","guid":{"rendered":"https:\/\/aptuscapitaladvisors.com\/?p=237945"},"modified":"2025-03-21T22:29:00","modified_gmt":"2025-03-22T02:29:00","slug":"the-market-in-pictures-march-21","status":"publish","type":"post","link":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-march-21\/","title":{"rendered":"The Market in Pictures, March 21"},"content":{"rendered":"

Our team looks at a lot of research throughout the day. Here are a handful that we think are good summations of investor activity, from the US market correction to the economy to sentiment and tariffs and global money flows. Enjoy!<\/p>\n

 <\/p>\n

Brett:<\/strong> After two years of supporting prices, the willingness of investors to pay up for stocks looks increasingly reliant on earnings growth in the period ahead<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

 <\/p>\n

Beckham:<\/strong> and the direction of stocks after 10% corrections looks heavily tied to whether or not the economy goes into a recession<\/em><\/p>\n

 <\/p>\n

\"\"Source: Daily Chartbook as of 03.19.2025<\/p>\n

 <\/p>\n

 <\/p>\n

Brad:<\/strong> \u201cCorrection without a recession\u201d seems to be the evidence-based call, as past recessions had already seen earnings deteriorate while today we still have solid earnings growth<\/em><\/p>\n

 <\/p>\n

\"\"Source: Strategas as of 03.17.2025<\/p>\n

 <\/p>\n

 <\/p>\n

John Luke:<\/strong> that said, stock market conditions could play a higher role in damaging spending<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 03.14.2025<\/p>\n

 <\/p>\n

 <\/p>\n

Joseph:<\/strong> and housing shows no signs of driving growth<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 03.17.2025<\/p>\n

 <\/p>\n

 <\/p>\n

JD:<\/strong> Strategists generally hug the middle and skip the tails when forecasting year-ahead market levels<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

 <\/p>\n

Jake:<\/strong> and right now the S&P 500 sits just above the lower end of the range of forecasts<\/em><\/p>\n

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

\"\"Source: @kevrgordon via Daily Chartbook<\/em><\/p>\n

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

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

Mark:<\/strong> For some near-term encouragement, by sentiment measures we may have washed out much of the excess optimism<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

 <\/p>\n

Dave:<\/strong> and strung together some signs of strength after hitting the 10% correction marker<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 03.17.2025<\/p>\n

 <\/p>\n

 <\/p>\n

Brad:<\/strong> There\u2019s no denying that tariffs will have some level of impact on U.S. corporate earnings in the year ahead<\/em><\/p>\n

 <\/p>\n

\"\"Source: Strategas as of 03.18.2025<\/p>\n

 <\/p>\n

 <\/p>\n

Brad:<\/strong> but despite year-to-date market activity, the direct impact on the U.S. economy is far less than the other regions involved<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

 <\/p>\n

Brian:<\/strong> The global move from popular to unpopular names has been amazing<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 03.20.2025<\/p>\n

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

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

Arch:<\/strong> but at this point, not exactly a secret<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 03.14.2025<\/p>\n

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

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

Brian:<\/strong> Friendly reminder, the short-term safety of cash can become a real risk if held<\/em><\/p>\n

 <\/p>\n

\"\"Source: Aptus Data via Bloomberg<\/p>\n

\u00a0<\/strong><\/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-2503-23. <\/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 good summations of investor activity, from the US market correction to the economy to sentiment and tariffs and global money flows. Enjoy!   Brett: After two years of supporting prices, the willingness of investors to pay […]<\/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":[132,120,179,316,145,168,56],"class_list":["post-237945","post","type-post","status-publish","format-standard","hentry","category-blog","category-charts","tag-earnings","tag-growth","tag-markets","tag-rates","tag-recession","tag-stocks","tag-tariffs"],"yoast_head":"\nThe Market in Pictures, March 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-march-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, March 21 - Aptus Capital Advisors\" \/>\n<meta property=\"og:description\" content=\"Our team looks at a lot of research throughout the day. Here are a handful that we think are good summations of investor activity, from the US market correction to the economy to sentiment and tariffs and global money flows. Enjoy!   Brett: After two years of supporting prices, the willingness of investors to pay […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-march-21\/\" \/>\n<meta property=\"og:site_name\" content=\"Aptus Capital Advisors\" \/>\n<meta property=\"article:published_time\" content=\"2025-03-21T19:29:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-03-22T02:29:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2025\/03\/Valuation-and-Earnings-Fido-03.19.jpg\" \/>\n<meta name=\"author\" content=\"Aptus PM Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Aptus PM Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-march-21\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-march-21\/\"},\"author\":{\"name\":\"Aptus PM Team\",\"@id\":\"https:\/\/aptuscapitaladvisors.com\/#\/schema\/person\/ad43972730756fb6d6e01e61090f21c2\"},\"headline\":\"The Market in Pictures, March 21\",\"datePublished\":\"2025-03-21T19:29:34+00:00\",\"dateModified\":\"2025-03-22T02:29:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-march-21\/\"},\"wordCount\":581,\"publisher\":{\"@id\":\"https:\/\/aptuscapitaladvisors.com\/#organization\"},\"keywords\":[\"earnings\",\"growth\",\"markets\",\"rates\",\"recession\",\"stocks\",\"tariffs\"],\"articleSection\":[\"Blog\",\"Charts\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-march-21\/\",\"url\":\"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-march-21\/\",\"name\":\"The Market in Pictures, March 21 - Aptus Capital Advisors\",\"isPartOf\":{\"@id\":\"https:\/\/aptuscapitaladvisors.com\/#website\"},\"datePublished\":\"2025-03-21T19:29:34+00:00\",\"dateModified\":\"2025-03-22T02:29:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-march-21\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-march-21\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-march-21\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/aptuscapitaladvisors.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The Market in Pictures, March 21\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/aptuscapitaladvisors.com\/#website\",\"url\":\"https:\/\/aptuscapitaladvisors.com\/\",\"name\":\"Aptus Capital Advisors\",\"description\":\"Portfolio Management for Wealth Managers\",\"publisher\":{\"@id\":\"https:\/\/aptuscapitaladvisors.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/aptuscapitaladvisors.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/aptuscapitaladvisors.com\/#organization\",\"name\":\"Aptus Capital Advisors\",\"url\":\"https:\/\/aptuscapitaladvisors.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/aptuscapitaladvisors.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2019\/12\/logo@2x-1.png\",\"contentUrl\":\"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2019\/12\/logo@2x-1.png\",\"width\":674,\"height\":200,\"caption\":\"Aptus Capital Advisors\"},\"image\":{\"@id\":\"https:\/\/aptuscapitaladvisors.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/aptuscapitaladvisors.com\/#\/schema\/person\/ad43972730756fb6d6e01e61090f21c2\",\"name\":\"Aptus PM Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/aptuscapitaladvisors.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/20ec7920e91ee6bd3bb62c5be1a1313b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/20ec7920e91ee6bd3bb62c5be1a1313b?s=96&d=mm&r=g\",\"caption\":\"Aptus PM Team\"},\"url\":\"https:\/\/aptuscapitaladvisors.com\/author\/aptus-pm-team\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The Market in Pictures, March 21 - Aptus Capital Advisors","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-march-21\/","og_locale":"en_US","og_type":"article","og_title":"The Market in Pictures, March 21 - Aptus Capital Advisors","og_description":"Our team looks at a lot of research throughout the day. Here are a handful that we think are good summations of investor activity, from the US market correction to the economy to sentiment and tariffs and global money flows. Enjoy!   Brett: After two years of supporting prices, the willingness of investors to pay […]","og_url":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-march-21\/","og_site_name":"Aptus Capital Advisors","article_published_time":"2025-03-21T19:29:34+00:00","article_modified_time":"2025-03-22T02:29:00+00:00","og_image":[{"url":"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2025\/03\/Valuation-and-Earnings-Fido-03.19.jpg"}],"author":"Aptus PM Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Aptus PM Team","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-march-21\/#article","isPartOf":{"@id":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-march-21\/"},"author":{"name":"Aptus PM Team","@id":"https:\/\/aptuscapitaladvisors.com\/#\/schema\/person\/ad43972730756fb6d6e01e61090f21c2"},"headline":"The Market in Pictures, March 21","datePublished":"2025-03-21T19:29:34+00:00","dateModified":"2025-03-22T02:29:00+00:00","mainEntityOfPage":{"@id":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-march-21\/"},"wordCount":581,"publisher":{"@id":"https:\/\/aptuscapitaladvisors.com\/#organization"},"keywords":["earnings","growth","markets","rates","recession","stocks","tariffs"],"articleSection":["Blog","Charts"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-march-21\/","url":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-march-21\/","name":"The Market in Pictures, March 21 - Aptus Capital Advisors","isPartOf":{"@id":"https:\/\/aptuscapitaladvisors.com\/#website"},"datePublished":"2025-03-21T19:29:34+00:00","dateModified":"2025-03-22T02:29:00+00:00","breadcrumb":{"@id":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-march-21\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-march-21\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-march-21\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/aptuscapitaladvisors.com\/"},{"@type":"ListItem","position":2,"name":"The Market in Pictures, March 21"}]},{"@type":"WebSite","@id":"https:\/\/aptuscapitaladvisors.com\/#website","url":"https:\/\/aptuscapitaladvisors.com\/","name":"Aptus Capital Advisors","description":"Portfolio Management for Wealth Managers","publisher":{"@id":"https:\/\/aptuscapitaladvisors.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/aptuscapitaladvisors.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/aptuscapitaladvisors.com\/#organization","name":"Aptus Capital Advisors","url":"https:\/\/aptuscapitaladvisors.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/aptuscapitaladvisors.com\/#\/schema\/logo\/image\/","url":"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2019\/12\/logo@2x-1.png","contentUrl":"https:\/\/aptuscapitaladvisors.com\/wp-content\/uploads\/2019\/12\/logo@2x-1.png","width":674,"height":200,"caption":"Aptus Capital Advisors"},"image":{"@id":"https:\/\/aptuscapitaladvisors.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/aptuscapitaladvisors.com\/#\/schema\/person\/ad43972730756fb6d6e01e61090f21c2","name":"Aptus PM Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/aptuscapitaladvisors.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/20ec7920e91ee6bd3bb62c5be1a1313b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/20ec7920e91ee6bd3bb62c5be1a1313b?s=96&d=mm&r=g","caption":"Aptus PM Team"},"url":"https:\/\/aptuscapitaladvisors.com\/author\/aptus-pm-team\/"}]}},"_links":{"self":[{"href":"https:\/\/aptuscapitaladvisors.com\/wp-json\/wp\/v2\/posts\/237945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/aptuscapitaladvisors.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/aptuscapitaladvisors.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/aptuscapitaladvisors.com\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/aptuscapitaladvisors.com\/wp-json\/wp\/v2\/comments?post=237945"}],"version-history":[{"count":0,"href":"https:\/\/aptuscapitaladvisors.com\/wp-json\/wp\/v2\/posts\/237945\/revisions"}],"wp:attachment":[{"href":"https:\/\/aptuscapitaladvisors.com\/wp-json\/wp\/v2\/media?parent=237945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/aptuscapitaladvisors.com\/wp-json\/wp\/v2\/categories?post=237945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/aptuscapitaladvisors.com\/wp-json\/wp\/v2\/tags?post=237945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}