Investment Management

The S&P 500 was flat last week, but is up 16% year-to-date on ebbing recession fears, as the U.S. economy is showing signs of rebounding after slowing at the turn of the year. The idea that the U.S. and China are converging on a trade deal by the summer has helped sentiment and stocks. We are…

Rotation Nation – 2q19 Pause and/or Pullback The S&P 500 rose 0.5% last week to extend its year-to-date gain to 16%, ending around 2905, a little beyond our 2q19 projected range of 2880-2900. We are back to flat with last September. Within Financials, JP Morgan topped estimates on Friday and was up almost 5%.  Wells…

“Say Anything”– Capitalism is Dead per the .0001% ers!!! Equity markets posted gains last week with the SP500 closing within 1.5% of all -time highs. Looking back to the beginning of 2019, when we published our 1st half-outlook, investors were looking at a trade war with China, a government shutdown, falling oil, a 20% loss…

“A Year of Higher Volatility….NOT Likely to Happen!!!!” Equity markets posted gains last week with most of the gain coming Friday of?… Yes, you’ve heard it here all year, passive payday money flows. The S&P 500 rose 1.2%, led by industrials and materials. The first quarter has wrapped up, and it’s been an eventful one.…

“Been there Done That” – 2015/16 Replay Friday’s 1.9% pullback left the market off 0.8% last week, though the SP500 is still up 11.7% YTD. 100% of the markets drop happened the second half of Thursday-Friday on the back of concerns of slowing global growth, a strong rally in bond markets globally, and a flight…

Equity markets rebounded last week, with the S&P 500 adding 2.9% off a 2 week pullback, ending the week around 2825 on a big Friday “payday” and quad option expiration day. Technology and energy stocks led gains on the week, however utilities and real estate continue to lead gains with the Fed on hold. The…

As Yogi Berra said: “It’s Déjà Vu All over Again!” Equity markets were down last week as weak economic data and caution from the European Central Bank sparked global growth concerns. The final piece of data being weaker than expected USA jobs number.  The S&P 500 dropped 2.2% in its worst weekly performance since December. The…

Equity markets edged up last week amid month end payday flows and hope of a China/USA trade deal. The S&P 500 rose 0.4% and held around 2800. Energy and technology lead the move as optimism of 2h19 growth picked up. Fed Chair Powell reiterated the Fed’s patient stance. We expect the leadership in China and…

Equity markets rose again this week, led by a 5.4% jump in China on continued reports that U.S. and China are working to de-escalate trade tensions. While now flat with December 1, 2018 and now flat for 14 months, financial headlines reading “the SP500 is up 11.4% year to date” makes a great headline and…

Equity markets closed out last week at SP500 2775, a recovery high from the Christmas Eve SP500 2350 lows. Positive optimism on a US/China trade deal was the convenient financial press excuse, while OHFG attributes most of the move to 1) continued Federal Reserve dovish talk on interest rates lowering market volatility to 15, and…