Investment Management

by Chris Perras. The U.S. market rose last week 3% to cut its losses for the year to -5%.  For the month, the S&P500 jumped 4.5%. Moreover, global equities had an even better week, Global equities had a solid week led by the Japan/Nikkei (+7.3%) and France/CAC (+5.6%). I have to remind clients, investors, and…

By Chris Perras, CIO. The U.S. market rose last week on positive trial results for a COVID-19 vaccine and continued economic reopening measures.  As we have mentioned almost weekly since March 23rd, markets are forward-looking, so continue to expect a delay in economic activity relative to the markets. Buoyed by additional positive weekend vaccine news,…

Much to the dismay of the financial news channels, equity markets are up over 3% on weekend comments of Chairmen Powell, strong oil prices, and positive vaccine news from Moderna.  Once again proving that it’s really hard to market time particularly if one chooses to sell “red” and buy “green”.  Only a few days each…

by Chris Perras, CIO. Much to the dismay of the financial news channels, equity markets continued their upward move higher last week.  Hourly reports on “historically bad economic data” and some negative U.S.-China trade chatter were ignored. The rule remains: “Don’t fight the Fed.” The S&P 500 rose 3.5%, led by cyclical sectors, energy and…

By Chris Perras, CIO. Equity markets were mixed last week with the S&P 500 falling .2% on the back of a Thursday and Friday selloff caused by President Trump returning to the blame China playbook for the virus and our current economic situation. The Federal Reserve took a pause and left policy unchanged at its…

By Chris Perras, CIO. The Dow Jones Industrial Average DJIA, +1.10% closed 260 points higher on Friday, ending the week 1.9% down.  The Japan Nikkei (-3.2%) and German DAX (-2.7%) were the laggards.  Sector wise materials rocketing 11.1% (boosted by gold), tech (+4.5%), and energy (+2%) rounded out the top three. Financials (-4.2%), utilities (-3.3%)…

By Chris Perras, CIO. Despite bad economic data and constant financial news network doomsday talk, the S&P 500 rallied 3% last week.  It closed the week at 2875.  Basically, where it based from January 2018 through Sept 2019.  In doing so, it stretched its one-month gain to 14% and pared its year-to-date loss to 11%. …

By Chris Perras, CIO. The SP500 is basically flat this morning at 2775.  The broader market average has retraced half of its initial drop from its record high. Through Thursday’s close (the markets were closed Friday for the Easter weekend), the S&P 500 rallied about 25% from a low reached on March 23. The broader…

By Chris Perras, CIO. S&P 500 futures are up nearly 4% pre-opening this morning.   This would erase last week’s 2.1% decrease and chip away at the YTD loss of 23%. The 10-year Treasury rate is up 7 bps to 0.67%, retracing a good portion of last week’s decline. Risk sentiment is positive to start the…

By Chris Perras, CIO. Last week US equity markets experienced historic intraweek volatility again. This time to the upside with the mid-week, 3 day rally amounting to over 20% from its Monday trough to its Thursday intraday peak.  We experienced our first consecutive up days in the market since early February.  Global equity markets rebounded…