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Investment Management

Weekly Market Updates

01.20.2020 – Getting Closer to a Short-Term Peak

January 21, 2020

By CIO, Chris Perras. The S&P 500 rose again last week, as the U.S. and China locked in a Phase 1 trade deal. Early year money flows into “payday/401k funds” gave index funds a bid to the market.  The S&P 500 sits at 3325. U.S. markets are closed today owing to Martin Luther King Jr.…

01.13.2020 – Higher Through Early February

January 13, 2020

By Chris Perras, CIO. S&P 500 futures are up 0.3%, looking to extend last week’s 0.9% advance. This week is the start of the Q4 earnings season including results from several big banks.  The “deadzone” for stock buybacks ends later this week and buybacks then accelerate for four weeks into February. The Phase One trade…

01.06.2019 – Early January Chop

January 6, 2020

By Chris Perras, CIO. Equity markets rose early last week (late December 2019) and fell on Friday (early 2020) amid tensions in the Middle East and some sluggish data last week.  The manufacturing ISM fell to a weaker-than-expected 47.2 in December Global equity markets were mostly weaker late last week with the German DAX (-0.9%)…

12.23.2019 – Ho Ho Ho! Merry Christmas!

December 23, 2019

Equity markets continued to rebound last week.  The financial press continues to micromanage when and why this is happening.  The majority of investors remain incorrectly positioned to reap the rewards of this bull market which after 20-21 months of sideways pivoted up between October 2-4 and has broken out to new all-time highs. Global macro…

12.16.2019 – The President’s Great Week – Like it or Not

December 16, 2019

By CIO Chris Perras. Equity markets continued to rebound last week.  The financial press continues to micromanage when and why this is happening. Some investors may remain incorrectly positioned to reap the rewards of this bull market which after 20-21 months of sideways pivoted up between October 2-4, and has broken out to new all-time…

12.09.2019 – Ho, ho, ho Begun – Tuesday December 3rd

December 9, 2019

By Chris Perras, CIO. Equity markets rebounded last week starting early Tuesday on continued optimism over a China trade deal and by better economic data. The timing of the normal “Santa Claus” rally started pretty much on cue from where and when the team at OHFG had said two weeks earlier in November when others…

12.02.2019 – Santa Rally or Pause? The Latter is Probably Likely

December 2, 2019

By Chris Perras, CIO. Equity markets rose last week, helped by better economic data. The S&P 500 rose by 1.0%. Consumer discretionary, technology and health care led sectors higher. Energy was down 1.5% on the week and remains the lone sector below year-ago levels. Real USA GDP growth was revised up to 2.1% in Q3…

11.25.2019 – Churn, Churn, Churn – to Everything there is a Season

November 25, 2019

Equity markets were slightly lower last week as the S&P 500 faded through the week to finish down 0.3% after touching record high on Monday. Banks and health care led the market, while materials, technology and industrials lagged. With yields rallying, small caps lagged large caps. Most indices across Asia and Europe saw like-sized declines.…

11.18.2019 – Time for a Pause

November 18, 2019

by Chris Perras, CIO. Equity markets rose again this week, with the major U.S. indices hitting new all-time highs and closing Friday at 3120. The S&P500 rose 0.9%, led by health care and utilities.  Energy lagged. Technology led the pack, up 3.8% on the week, while utilities and telecom also saw gains of around 2%.…

11.11.2019 – Veteran’s Day: Thank You to All Who Served!

November 11, 2019

by Chris Perras, CIO. On this Monday, first and foremost, thank you to everyone who is and who has ever served in our military to defend our freedoms and this country.  Many thanks and blessings! Equity markets rose last week. The U.S. markets pushed to new record highs. The S&P rose 0.9% to approximately 3095. …