Investment Management

Index, Sector & Asset Performance While many investors expected the week’s performance to be solely dependent on NVDA’s earnings report, it wasn’t. Post-EPS, NVDA fell -6%, yet in a sign of market strength. The S&P 500 managed to end on the week up +.3% posting its seventh positive month out…

Index, Sector & Asset Performance On the back of weaker economic data, a dovish speech from Federal Reserve Chairman Jerome Powell last week, short covering, and a bit of FOMO (fear of missing out), the markets rallied strongly last week to close at a weekly closing all-time high near 5635…

Index, Sector & Asset Performance After quickly dropping -9.6% over the second half of July and early August, global equities rallied strongly last week with the S&P gaining almost +3.9%. This puts the cash S&P 500 up over +400 points off its lows just 10 trading days ago or +8%…

Index, Sector & Asset Performance The S&P 500 is down about -6% from its July 15th peak. During the last 2-week selloff, the cash S&P 500 approached -9.7% peak to trough, but it regained almost all its early last week losses to finish near spot on flat on the week….

Index, Sector & Asset Performance Global equities lost -2% last week led lower by Japan. Defensive, “boring” names outperformed Cyclicals while Value strategies outperformed Growth. Momentum factor stocks continued to sell off hard. Low volatility and contentment in the markets started to fade on July 24th, when the S&P 500…

Index, Sector & Asset Performance The S&P 500 fell about -0.9% last week and had its first -2% daily drop since February 2023. The Nasdaq suffered its worst day of 2024, with the index declining by more than -3% for the first time in more than 400 trading days. The…

Index, Sector and Asset Performance Global equities had their worst week since April selling off -2.1% on the week led by selling and losses in Technology stocks and the “momentum” price factor. The S&P 500 ended last week down -2.0%, but it’s still up over +15.4%. Yields rose last week…

Index, Sector & Asset Performance The S&P 500 set new all-time highs last week led by small cap stocks for the first time in ages. U.S. equity and bond market rallies were spurred by Chair Powell’s testimony that opened the easing interest rates. Powell highlighted progress on inflation as well…

Index, Sector & Asset Performance The S&P 500 set a new all-time high close last Tuesday, and both the S&P 500 and the Nasdaq gained to add to first half of the year returns.  The S&P 500 rose +2%, with tech and communication services leading as they have for 18…

Index, Sector & Asset Performance The S&P 500 gained about +15% in 1H2024 with artificial intelligence, “AI”, semiconductor chip supplier, Nvidia responsible for more than a third of that gain. The maker of AI chips gained over +150% year to date to become the most valuable company in the US…

Index, Sector & Asset Performance The S&P 500 reached its 31st all-time high for 2024 crossing the 5500 level before reversing lower. Post the Wednesday market holiday, the S&P 500 opened Thursday’s higher and then faded to form what many technicians will see as a short-term exhaustion gap. This was…

Index, Sector & Asset Performance Global equity markets were mixed last week but remained on their winning streak in the US. US equities, particularly the growth-driven Nasdaq Composite and the S&P 500, reached new all-time highs, with the latter up +14% in 2024 following a +24.2% gain in 2023, albeit…