{"id":238240,"date":"2025-05-09T13:02:52","date_gmt":"2025-05-09T17:02:52","guid":{"rendered":"https:\/\/aptuscapitaladvisors.com\/?p=238240"},"modified":"2025-05-09T16:12:17","modified_gmt":"2025-05-09T20:12:17","slug":"the-market-in-pictures-may-9","status":"publish","type":"post","link":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-may-9\/","title":{"rendered":"The Market in Pictures, May 9"},"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 earnings and hyperscalers to soft vs. hard economic data. Enjoy!<\/p>\n

 <\/p>\n

Brad:<\/strong> Q1 sales and earnings have generally been better than the worst fears of a month ago<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 05.06.2025<\/p>\n

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

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

John Luke:<\/strong> with overall S&P 500 results running well ahead of expectations for Q1<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 05.05.2025<\/p>\n

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

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

Dave:<\/strong> The real issue is the outlook for the rest of the year<\/em><\/p>\n

 <\/p>\n

\"\"Source: Raymond James as of 05.09.2025<\/p>\n

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

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

Brad:<\/strong> as forward earnings estimates take a hit<\/em><\/p>\n

 <\/p>\n

\"\"Source: Strategas as of 05.07.2025<\/p>\n

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

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

Brett:<\/strong> With some industries seeing particularly sharp revisions lower <\/em><\/p>\n

 <\/p>\n

\"\"Source: Strategas as of 05.07.2025<\/p>\n

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

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

Arch:<\/strong> and the overall pace getting into levels historically tied to FOMC rate cuts<\/em><\/p>\n

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

\"\"Data as of 05.06.2025<\/p>\n

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

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

Dave:<\/strong> For all of the angst over Mag 7 concentration, their market dominance has been in line with their superior fundamental results<\/em><\/p>\n

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

\"\"Source: Raymond James as of 05.09.2025<\/p>\n

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

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

John Luke:<\/strong> and their capital spending dwarfs other groups, with ripple effects through the economy<\/em><\/p>\n

 <\/p>\n

\"\"Graphic via BlackRock<\/p>\n

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

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

Brian:<\/strong> Business surveys show sharply lower confidence amidst the trade uncertainty<\/em><\/p>\n

 <\/p>\n

\"\"Source: Goldman Sachs as of 05.02.2025<\/p>\n

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

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

Joseph:<\/strong> with the ISM Manufacturing Survey falling into recession territory<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 05.02.2025<\/p>\n

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

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

Jake:<\/strong> but payroll data resilient enough to keep the FOMC from resuming their rate-cutting cycle<\/em><\/p>\n

 <\/p>\n

\"\"Graphic via WSJ as of 05.02.2025<\/p>\n

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

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

Dave:<\/strong> Complicating the Fed\u2019s efforts is the steadiness of inflation at levels above their stated preferences<\/em><\/p>\n

 <\/p>\n

\"\"Source: Strategas as of 05.08.2025<\/p>\n

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

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

Beckham:<\/strong> and the high\/rising expectations for input prices<\/em><\/p>\n

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

\"\"Source: Apollo as of 04.26.2025<\/p>\n

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

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

John Luke:<\/strong> Sentiment surveys have reached historically low levels of consumer confidence relative to real-world conditions<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 05.05.2025<\/p>\n

 <\/p>\n

\"\"Data as of 05.05.2025<\/p>\n

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

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

Brian:<\/strong> the divergence in public sentiment vs. stock market action is prompting debate about whether individuals are too gloomy about the economy<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 05.05.2025<\/p>\n

 <\/p>\n

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

Ten:<\/strong> There is no playbook that works every time, but historically, some sectors have had outsized reactions to growth and inflation regimes<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

 <\/p>\n

Joseph:<\/strong> The recent win streak for stocks stood out not only for its durability but also for the distance traveled<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 05.05.2025<\/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 of 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-2505-11. <\/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 good summations of investor activity, from earnings and hyperscalers to soft vs. hard economic data. Enjoy!   Brad: Q1 sales and earnings have generally been better than the worst fears of a month ago   Data […]<\/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":[132,145,276,597,168,439],"class_list":["post-238240","post","type-post","status-publish","format-standard","hentry","category-blog","category-charts","tag-earnings","tag-recession","tag-sp-500","tag-sales","tag-stocks","tag-us-dollar"],"yoast_head":"\nThe Market in Pictures, May 9 - 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-may-9\/\" \/>\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, May 9 - Aptus Capital Advisors\" \/>\n<meta property=\"og:description\" content=\"Our team looks at a lot of research throughout the day. 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