{"id":238285,"date":"2025-05-16T12:49:07","date_gmt":"2025-05-16T16:49:07","guid":{"rendered":"https:\/\/aptuscapitaladvisors.com\/?p=238285"},"modified":"2025-05-16T15:44:30","modified_gmt":"2025-05-16T19:44:30","slug":"the-market-in-pictures-may-16","status":"publish","type":"post","link":"https:\/\/aptuscapitaladvisors.com\/the-market-in-pictures-may-16\/","title":{"rendered":"The Market in Pictures, May 16"},"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 market bounce and poor sentiment, to earnings and the economy, to expectations for large vs. small stocks. Enjoy!<\/p>\n

 <\/p>\n

Beckham:<\/strong> It\u2019s hard to classify this rally as a dead cat bounce, it\u2019s been one of the better recoveries historically<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

 <\/p>\n

Dave:<\/strong> and one that\u2019s being achieved with no help from the bond market<\/em><\/p>\n

 <\/p>\n

\"\"Source: Raymond James as of 05.14.2025<\/p>\n

 <\/p>\n

 <\/p>\n

Ten:<\/strong> Fund managers as a group seem reluctant to join the rally<\/em><\/p>\n

 <\/p>\n

\"\"Source: BofA as of 05.12.2025<\/p>\n

 <\/p>\n

 <\/p>\n

Mark:<\/strong> with investor sentiment measures still tracking far more concern than euphoria<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 05.09.2025<\/p>\n

 <\/p>\n

 <\/p>\n

Brian:<\/strong> Speaking of sentiment, US consumers report themselves to be just as gloomy as fund managers<\/em><\/p>\n

 <\/p>\n

\"\"Graphic via WSJ as of 05.16.2025<\/p>\n

 <\/p>\n

 <\/p>\n

Dave:<\/strong> with inflation expectations a particular sore spot and far above market and economist expectations<\/em><\/p>\n

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

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

 <\/p>\n

 <\/p>\n

John Luke:<\/strong> The ironic thing is that actual inflation measures continue to fall towards FOMC targets<\/em><\/p>\n

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

\"\"Data as of 05.14.2025<\/p>\n

 <\/p>\n

 <\/p>\n

John Luke:<\/strong> and CPI has been below expectations in each of the past 3 monthly reports<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 05.14.2025<\/p>\n

 <\/p>\n

 <\/p>\n

Brad:<\/strong> Walking back stated tariffs has been a big contributor to the market recovery, but Corporate America has been a big contributor as well<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 05.13.2025<\/p>\n

 <\/p>\n

 <\/p>\n

Dave:<\/strong> though the bar looks really high for the 2nd<\/span>\u00a0half of 2025<\/em><\/p>\n

 <\/p>\n

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

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

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

JD:<\/strong> Recession expectations are receding nicely, as investors re-embrace positive growth estimates<\/em><\/p>\n

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

\"\"Data as of 05.09.2025<\/p>\n

 <\/p>\n

 <\/p>\n

John Luke:<\/strong> as market participants digest the impact of tariffs that look to be higher but not as high as feared<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

 <\/p>\n

Brad:<\/strong> Small cap stocks remain unable to sustainably outperform large caps<\/em><\/p>\n

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

\"\"Data as of 05.15.2025<\/p>\n

 <\/p>\n

 <\/p>\n

Dave:<\/strong> and concerns of higher rates won\u2019t help their case<\/em><\/p>\n

 <\/p>\n

\"\"<\/p>\n

 <\/p>\n

 <\/p>\n

Dave:<\/strong> What small caps need is better earnings growth, which has been lacking for the past 9 quarters<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 05.13.2025<\/p>\n

 <\/p>\n

 <\/p>\n

Dave:<\/strong> with the constant hope that the improvement will come \u201cnext quarter\u201d<\/em><\/p>\n

 <\/p>\n

\"\"Data as of 05.14.2025<\/p>\n

 <\/p>\n

 <\/p>\n

John Luke:<\/strong> Markets are moving from the veggies (tariffs) to the dessert (lower taxes)<\/em><\/p>\n

 <\/p>\n

\"\"Source: CRFB as of 05.13.2025<\/p>\n

 <\/p>\n

 <\/p>\n

John Luke:<\/strong> with uncertainty around the specs but a clear trend toward higher deficits<\/em><\/p>\n

 <\/p>\n

\"\"<\/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-2505-15. <\/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 market bounce and poor sentiment, to earnings and the economy, to expectations for large vs. small stocks. Enjoy!   Beckham: It\u2019s hard to classify this rally as a dead […]<\/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":[132,539,316,145,276,56],"class_list":["post-238285","post","type-post","status-publish","format-standard","hentry","category-blog","category-charts","tag-earnings","tag-investor-sentiment","tag-rates","tag-recession","tag-sp-500","tag-tariffs"],"yoast_head":"\nThe Market in Pictures, May 16 - 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-16\/\" \/>\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 16 - Aptus Capital Advisors\" \/>\n<meta property=\"og:description\" content=\"Our team looks at a lot of research throughout the day. 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