Investment Management

Weekly Market Updates

10.19.2020 – Market Update

October 19, 2020

Equity markets were mixed last week.  Covid cases are accelerating throughout the world and in parts of the USA. The S&P 500 rose 0.2%, led by industrials and telecom, while banks dragged the old-line financials down. The NASDAQ has bounced almost 6% in the past month and is within short striking distance of the record…

10.12.2020 – Market Update

October 12, 2020

By Chris Perras. Equity markets rose last week by with the S&P 500 up 3.8%. All sectors were green. Energy led the pack for once, as Hurricane Delta’s track lifted oil prices above $40. Bank and technology stocks posted nice gains. Interest rates rose helping banks and consumer discretionary groups.  Ongoing talk of second fiscal…

10.5.2020 – Market Update

October 5, 2020

By Chris Perras. The S&P 500 rose last week by 1.5%.  Interest rates rose helping banks and consumer discretionary groups to lead.  Ongoing talk of another fiscal stimulus program led to a steeper yield curve and economically sensitive stocks led. The S&P is up about 4% on the year. Oil and energy stocks were once…

09.28.2020 – Market Update

September 28, 2020

U.S. equity futures are up the morning of Monday, 9/28 about 1.5%.  The S&P 500 is down 8% from the record high reached Sept. 2 and was down by as much as 11% at Thursday’s intraday low, marking a brief trip into correction territory, but hasn’t closed at or beyond the 10% threshold that marks…

09.21.2020 – Market Update

September 21, 2020

By Chris Perras. The S&P 500 is down about 2.5% this morning, in the wake of losses across the major global market indexes. COVID concerns are escalating. In turn, Treasury yields are lower along the curve, by more than 5 bps for longer-term maturities, and the US dollar is stronger.  As readers know, I hate…

09.14.2020 – Market Update

September 14, 2020

By Chris Perras. Equity markets fell last week about 2.5% with energy, technology and banks posting the biggest losses, but the S&P 500 remains up about 4.8% year to date and up 13.5% from last summers “buy zone in September.”  Last week, the S&P 500 saw its weakest breadth since late June with decliners outnumbering…

9.9.2020 Market Update

September 11, 2020

09.08.2020 – Market Update

September 8, 2020

By Chris Perras. Equity markets rose early in the week on the back of continued month end price agnostic retail ETF money flows, only to reverse course Thursday in what has come to be a very normal “deadzone” 3rd quarter pattern.  In total on the week, the equity markets fell sharply from its Wednesday spike…

08.31.2020 – Market Update

August 31, 2020

By Chris Perras. Equity markets rose last week with the S&P 500 reaching the 3,500 mark for the first time rising 3.3% last week on Chair Powell’s dovish comments that the “Fed will run the economy as hot as possible to lift inflation moderately above the 2% target”.  Basically, after 30 years of being wrong…

08.24.2020 – Market Update

August 24, 2020

By Chris Perras. Equity markets rose last week with the S&P 500 up .77%% last week, led by cyclical groups industrials and technology.  This index sits at a new all-time high.  We will say it again, “can you say V-bottom”? This pushed the S&P 500 index to up 6.5% year to date and almost 18.5%…