by Aptus PM Team | Jan 3, 2021 | Market Updates
As we sit in bewilderment at equity performance in 2020, we take a step back to understand what happened. We can largely thank the year’s impressive equity returns to two things… record government assistance (both fiscal and monetary) and the cost of money...
by Aptus PM Team | Dec 31, 2020 | Market Updates
You Have to Know Where You’ve Been to Know Where You’re Going The profile of the global equity market through the current recession has, so far, been more extreme than most cycles. The market fell into a recession much faster than average (the fastest since...
by Aptus PM Team | Dec 2, 2020 | Market Updates
We thought AQR did a great job describing the history of hedges and the high cost of carry. Their conclusion is that hedges have proven too costly to be worth using. But what about the cost of owning bonds? Isn’t that where we are now? Surely a retiree portfolio is...
by Aptus PM Team | Nov 3, 2020 | Market Updates
Left or right, blue or red, no matter the outcome on November 3rd, or even if there is no outcome on November 3rd, it won’t change the way we view portfolio construction. The source of returns will still be yield, growth, or valuation change. What matters will still...
by Aptus PM Team | Nov 2, 2020 | Market Updates
This year’s election feels unprecedented – that’s because it is. It is coming against the backdrop of a severe recession, a global pandemic, elevated unemployment, and social unrest. Not to mention, in the background of many investors head is the heated 2016...
by Aptus PM Team | Oct 15, 2020 | Market Updates
The Backdrop for the Remainder of 2020 The Good Better Economic Data – Economic data, which lags the stock market, hit rock-bottom as we expected during April and May, but early signs of a recovery have begun to appear. Just look at the jobs data. Better...
