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Thumbnail: Weekly Market Updates with Chris Perras. Heading Into Fall, not “A fall”. 10-2-2023

Heading Into Fall, not “A fall”

The S&P 500 index fell -0.7% last week, ending September’s trading with the index’s largest monthly loss since December 2022 and its first quarterly loss in a year amid higher interest rate policy worries.  The S&P 500 ended the quarter with a -3.6% decline.  This is its first quarterly loss…

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Seasonality: The “Old Normal” Continues

Seasonality: The “Old Normal” Continues

The S&P 500 index fell -2.9% last week and is now -6.25% from its July highs. The various index declines, in the wake of higher interest rates, tapered as expected with the value tilted DJIA -1.9%, the broad S&P 500 -2.9% and technology and growth heavy NASDAQ Composite -3.6%.  This…

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Seasonality: Chop and Slop Down Continues

Seasonality: Chop and Slop Down Continues

Ending the week on a major down note, finishing the week lower due to Friday’s broad-based selloff, with the large-cap benchmarks dropping back below their 50-day moving averages.  The cash S&P500 finished the week down only “net” -.2% lower.  It’s the 5th weekly loss since the end of July and…

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Option Week Bounce Then?

U.S equity futures are pointing higher after dropping last week.  The decline of -1.3% for the S&P 500 (still +16.1% YTD) was in line with historic norms for early September.  Industrials, -2.9%, and materials, -2.4%, led the declines. We would not be surprised to see  a bounce this week into…

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Weekly Market Update with Chris Perras - Laboring Into September 9/5/2023

Laboring into September

Stocks finished the week higher across the board thanks to a tech-led rally on Wall Street, with stocks bouncing when and where they should mid-month into Labor Day weekend.  A +4% rise in tech and energy also powered the S&P 500 to a +2.5% rise on the week, while consumer…

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Jackson Holed

Jackson Holed

As if it was watching a summer calendar on Presidential election stock cycles, the cash S&P 500 index rallied last week.  It ended the week at 4406, up from the prior Friday’s closing price 4370. We are sitting in the “Summer stall”, a trading range.  Very normal market behavior seasonally. …

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Quickly Oversold

Quickly Oversold

The cash S&P 500 index ended the week at 4369, down from the prior Friday’s closing price of 4,464. The decline in the index for August of -4.8% came after an above average +3.1% gain for July.   Call it a “Summer stall”.  The S&P 500 is now up +14% year…

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Weekly Market Update - August 11, 2023

Weekend Update, August 14th, 2023

The cash S&P 500 index ended the week at 4464, down from the prior Friday’s closing price of 4,478. The decline in the index for August of -2.7% has come after an above average +3.1% gain for July.   Call it a “Summer stall”.  The S&P 500 is now up +16%…

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Weekend Update, August 7th, 2023

The equity markets were down last week on a negative Fitch downgrade, earnings, and the post July month end. The S&P 500 fell -2.3%.  Fitch Rating downgraded its credit rating on the US to one notch below the top AAA grade, citing an “erosion of governance”.  The downgrade of the…

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Weekly Market Update 8-1-2023 More Earnings on the Tape

More Earnings on the Tape

The equity markets were broadly higher last week on earnings and into the month end. The S&P 500 rose +1.0%.  The second quarter’s earnings season is underway. 2nd quarter GDP growth in the mid 2% surpassed low expectations.  Concerns about future interest rate policy’s both domestically and internationally (Japan) kept…

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Earnings and Fed Week - Weekly Market Update

Earnings and Fed Week

The equity markets were mixed last week waiting on 2ns quarter earnings and this week’s FOMC meeting. The S&P 500 rose +0.7%.  The Q2 earnings season is underway.  Several banks beat estimates and suggested higher interest rates are finally helping net interest margins.  Some big growth names like Tesla and…

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Into Earnings Season – More of The Same

Much as the OHFG investment team had expected, the government released inflation data has cratered in a symmetrical fashion over the last 12 months. Last week’s June CPI report showed inflation cooled to 3.0% y/y. This report is the smallest gain in more than two years. Core CPI did rise 4.8%,…

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