It’s All the Same, Only the Rates Have Changed
Flashing back a year, when bonds felt a bit more alive than dead. Originally posted in our Content Hub last March but the concepts remain important... Rates...
Did We Witness Peak Inflation? Let’s Hope.
U.S. consumer prices rose in March by the most since late 1981. The consumer price index increased 8.5% (2.2% of the headline number can be attributed to energy) from a year...
Bond Market Week Over Week Update
* Bonds… The Rough Stretch Continues: The Bloomberg US Aggregate Index continues the largest drawdown in its history. Since August 6th, 2020 - the end of the most recent...
Rearview to Windshield, April 2022
Developments over the Past Month Monthly Recap: March was a tale of two different periods (see below). The first quarter was one of the worst on record for the...
Market Performance After a Yield Curve Inversion
This Aptus Musing will piggy-back John Luke’s take on the yield curve inversion. As we all know, it's one thing to know what is going on in the market, but another to know...
Elephant in the Room: Yield Curve Inversion
The spread between the 10-year Treasury and the 2-year Treasury has compressed materially over the first three months of 2022 (~80bps of tightening), and inverted yesterday...
Aptus Musings: Stock of the Month – Copart, Inc. (CPRT)
Ride Wit Me - Copart, Inc. As fundamental analysts, we need to do the work – we need to roll up our sleeves and get our hands dirty. We don’t solely rely on sell-side...
ETF Mechanics and Tax Efficiency
Most people hate taxes – that’s why they should love ETFs. As in past years, capital gains distributions from ETFs in 2021 were a tiny fraction of those distributed by...
Bond Market Update March 24, 2022
* Bonds… A Rough Stretch: The Bloomberg Global Aggregate Index, a benchmark for government and corporate debt, has fallen 11% from a high in early 2021. That’s the biggest...
March Madness, Wealth Management version
More fun on the hardwood...Wealth Management ran a piece on guys who played major college hoops. As you may know, 6 Aptus team members played Division 1 ball, so there might...
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