Investment Management

Equity markets continued their weak month of April last week with the S&P 500 approaching a -5% fall from its late March ATH’s.  The S&P 500 fell -3.2% by last Friday on the week, with technology, consumer discretionary and communication services posting the biggest declines alongside some steep selloffs from…

Stocks and bonds dropped last week, mainly on Friday, giving us our worst week in months and the Dow and S&P 500’s worst week of the year.  On Friday alone, the Dow Jones Industrial Average fell by -1.2%, the S&P 500 dropped -1.5%, the Nasdaq Composite decreased by -1.6%, and…

Sitting in the heart of the quite period, equities broadly struggled to overcome higher long-term interest rates. The S&P 500 dropped –0.95% on the week.  This was its worst week since the beginning of the year. Strong economic data sent most interest rate maturities higher.  Rate-sensitive defensive areas like real…

While U.S. stocks were mixed last week, the S&P 500 ended the first quarter of 2024 up slightly over +10%. Performance was quite concentrated with only five stocks driving half the gain, and NVDA (up over +80%) accounting for a quarter of the indexes return by itself. Small caps, as…

Markets were weak ahead of last week’s FOMC meeting, as many investors expected the Fed to turn hawkish on Wednesday. Fed Chairman, Jerome Powell, surprised both bulls and bears by keeping 3 rate cuts on the table for 2024, downplaying the risk of an inflation reacceleration, and bringi9ng his concerns about…

Last week, Treasury yields spiked 23 bps to 4.31% after the disappointing CPI report. Investors’ rate-cut expectations for this year dropped to barely three cuts, half as many as expected in December of 2023. With that, most equity markets struggled last week due to the U.S. inflation data further pushing…

“Toy Story” is one of my favorite Pixar movies of all-time.  Last week, many AI and semiconductor stocks traded more like “playthings” and toys, than equities.  After rising a cool 85%+ year to date, in less than 60 trading days, Nvidia’s (NVDA) stock jumped another +5% Friday morning to reach…

Last week, U.S. markets were mixed. Most indexes were higher with the DJIA -0.11%, S&P 500 +0.95% and NASDAQ Composite +1.74%. The last two indices closed at record highs, which DJIA did the week before. The NASDAQ was the last of the 3 major US indexes to reclaim its all-time…

The S&P 500 drifted lower to begin last week before Nvidia’s blowout earnings report sent tech stocks surging and the overall markets back higher. The semiconductor company, whose chips are leading the AI arms race, reported material revenue and earnings upsides again and eclipsed $2 trillion in market value. NVDA’s…

U.S stock markets are closed today for the Presidents’ Day holiday. The S&P 500 fell -0.4% as gains in value sectors, banks and energy were offset by weakness in year-to-date leading sectors, technology, and communication services. No surprise to the OHFG investment team that last week’s economic data all came…

The S&P 500 rallied +1.4% last week to jump above 5000 for the first time ever closing at 5026 on Friday February 9th.  This was the S&P 500’s fifth straight weeks of gains making it 14 out of 15 weeks in a row.  This type of winning streak hasn’t happened…

The S&P 500 rallied to new all-time highs last week gaining +1.4% boosted by technology stocks.  The index ended last week at 4958 for its 4th straight weekly gain.  Last Wednesday, the S&P 500 closed out January with a +1.6% increase for the month. That makes it three consecutive monthly…