Investment Management

By Chris Perras, CIO. The third quarter stock market action continues as Oak Harvest expected with the ongoing rally starting pretty much on cue as volatility shot to 25% “backwards” a week ago on financial press panic over the inverted yield curve.  The 10s/2s curve inverted briefly for the first time this cycle last week…

By Chris Perras, CIO. The third quarter stock market pullback continues as a variety of factors are weighing on sentiment and stocks. The White House has sent its economic team out to explain the environment as one being created by others not them, specifically the Federal Reserve being too tight with money and China devaluing…

by Chris Perras, CIO. The S&P 500 fell last week as volatility first spiked on Wednesday on confusing Federal Reserve comments and secondly in response to a late Thursday tweet by President Trump declaring additional tariffs on China in affect Sept 1.  After reaching record highs as recently as July 26th (remember those prescient calls…

Summer loving had me a blast Summer loving happened so fast        – Summer Nights, Grease By Chris Perras. CIO The S&P 500 rose 1.7% last week to fresh highs on positive Q2 earnings, better economic data and a federal budget deal that provides the all-clear for two years.  The NASDAQ rose (+2.3%) and S&P500…

By Chris Perras, CIO. Global stock markets fell last week amid option expiration week selling and confusion over the magnitude of an expected upcoming Federal Reserve interest rate cut. The S&P 500 fell 1.2%.  The laggards on the week were large cap technology stocks, led down by Thursdays sell-off in Netflix, and the “boring” REITs…

By Chris Perras, CIO. Global stock markets were mixed last week with the Fed all but guaranteeing a July rate cut. The S&P 500 rose 0.8% to clear 3,000 for the first time. This is not a surprise to the Oak Harvest investment team, nor should it be to our listeners and readers.  Moreover, as…

By Chris Perras, CIO. Stock markets rose during last week’s holiday shortened trading period with the S&P 500 gaining 1.7% while breaking out to a new all-time high with the SP500 near 2985. Almost all groups posted gains, with FANG stocks and consumer staples leading the pack.  Energy stocks lagged on a relative basis as…

By Chris Perras, CIO. Equity markets were mixed last week, alongside a wave of weaker economic data and China trade uncertainty. The S&P 500 slipped 0.3% but the index closed just below a record high.   Banks and financials were last weeks best group.  Semis and tech did well too.  Market “pundits” remain cautious on the…

By Chris Perras, CIO The SP500 rose back to 2950 and a marginal new all-time high pushed by a more dovish Federal Reserve last Wednesday, quarter end short covering, and bear market option market positioning. Materials rose over 5% on the back of gold and oil prices, caused by a lower dollar, a dovish Fed,…

By Chris Perras, CIO. The S&P 500 rose 0.5% last week to stretch its year-to-date gain to 15.2%! However, we are flat since Jan 28, 2018. Over the last eighteen months, there have been no broad stock market gains.  Hopes are high that the Federal Reserve cuts short term rates this week to help rescue…