Investment Management

Weekly Market Updates

10.14.2019 – “If it’s Legit…it’s back to ‘buy the dip'”

October 14, 2019

By Chris Perras, CIO. After a bad start to the week, the S&P 500 rose 0.6% within a trading range that was 3.5%.  I remind readers that volatility increases at turns in the market, both positive and negative. Equity markets rebounded sharply late last week on the back three developments. China-U.S. trade talks took an…

10.07.2019 – Market Update

October 7, 2019

By Chris Perras, CIO. Global equity markets were mostly lower last week, with the Nasdaq one of the only markets up 0.5% on the back of positive news of demand for new Apple phones. Equity markets were down on the week before a big Friday rally as slower U.S. economic data reignited recession fears. The…

09.30.2019 – Fiscal Year End: Institutional Managers

September 30, 2019

By Chris Perras, CIO. The S&P 500 dropped 1.1% last week on the back of the House of Representative led impeachment inquiry into President Trumps call with Ukrainian leaders.  Early Friday, the White House said that they are thinking of ways to limit investor flow into Chinese firms, starting with delisting China’s companies from U.S.…

09.23.2019 – Market Update

September 23, 2019

By Chris Perras, CIO. The S&P 500 dipped 0.5% on the week all of which came late Friday afternoon on the back of the cancellation in a Chinese delegation “farm field trip in the Midwest”.  The Federal Reserve cut interest rates and the U.S. data flow continues to improve.  The financial news largely ignores the…

09.16.2019 – Short Term Peak into the “Deadzone”

September 16, 2019

By Chris Perras, CIO. The S&P 500 rose 1.0% last week and sits close to a new all-time high.  The Dow, which is heavier cyclical and financial exposure, gained 1.6%, and the Nasdaq ended 0.9% higher. Last week was the third week of gains and lower volatility as U.S./China trade tensions showed signs of easing…

09.09.2019 – Market Update

September 9, 2019

By Chris Perras, CIO. After rallying back to 2975 last week, U.S. equity futures are up this morning.  Markets rallied last week on the hope of policy stimulus which in turn caused long term interest rates to rise. Remember, contrary to the constant financial news drone of lower long-term rates being good, the overall US…

09.03.2019 – Market Update

September 3, 2019

Equity markets rallied last week back to the top of its August trading range with the S&P 500 trading around 2930-40.  Slightly stronger economic data and some perceived loosening in trade tensions helped the markets bounce. The S&P 500 rose 2.6% on the week with most sectors gaining on the week. While the 4q19 tariffs…

08.26.2019 – S&P 500: Friday Tariff Storm, Part 3

August 26, 2019

By Chris Perras, CIO. Equity markets were on pace for a good week until around 9:45am Friday morning. The Federal Reserve confirmed it will ease further. This was followed by talk out of Washington DC that additional spending stimulus was probable for 2020. However, come early Friday morning, with Asian markets closed for trading, trade…

08.19.2019 – S&P 500 Yield Curve Inversion Panic – Did You?

August 19, 2019

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…

08.12.2019 – S&P500 2925: Summer pullback – Trump Slump

August 12, 2019

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…