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Weekly Market Updates

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Earnings End, Quarter End Nears

Last week, Treasury yields spiked 23 bps to 4.31% after the disappointing CPI report. Investors’ rate-cut expectations for this year dropped to barely three cuts, half as many as expected in December of 2023. With that, most equity markets struggled last week due to the U.S. inflation data further pushing…

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Weekly Market Update 3/11/24

To Nvidia, and Beyond!

“Toy Story” is one of my favorite Pixar movies of all-time.  Last week, many AI and semiconductor stocks traded more like “playthings” and toys, than equities.  After rising a cool 85%+ year to date, in less than 60 trading days, Nvidia’s (NVDA) stock jumped another +5% Friday morning to reach…

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Earnings End

Last week, U.S. markets were mixed. Most indexes were higher with the DJIA -0.11%, S&P 500 +0.95% and NASDAQ Composite +1.74%. The last two indices closed at record highs, which DJIA did the week before. The NASDAQ was the last of the 3 major US indexes to reclaim its all-time…

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Oak Harvest: Weekend Update NVDA Lifts All 2/26/24

NVDA Lifts All

The S&P 500 drifted lower to begin last week before Nvidia’s blowout earnings report sent tech stocks surging and the overall markets back higher. The semiconductor company, whose chips are leading the AI arms race, reported material revenue and earnings upsides again and eclipsed $2 trillion in market value. NVDA’s…

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Oak Harvest: Weekend Update S&P 500: 5000 stall Continues 2/19/24

S&P 500: 5000 Stall Continues

U.S stock markets are closed today for the Presidents’ Day holiday. The S&P 500 fell -0.4% as gains in value sectors, banks and energy were offset by weakness in year-to-date leading sectors, technology, and communication services. No surprise to the OHFG investment team that last week’s economic data all came…

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Super Bull moves Swiftly to 5000

The S&P 500 rallied +1.4% last week to jump above 5000 for the first time ever closing at 5026 on Friday February 9th.  This was the S&P 500’s fifth straight weeks of gains making it 14 out of 15 weeks in a row.  This type of winning streak hasn’t happened…

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Oak Harvest: Weekend Update. MetaVerse: Don’t call IT a Comeback, 2/5/24

MetaVerse: Don’t call IT a Comeback

The S&P 500 rallied to new all-time highs last week gaining +1.4% boosted by technology stocks.  The index ended last week at 4958 for its 4th straight weekly gain.  Last Wednesday, the S&P 500 closed out January with a +1.6% increase for the month. That makes it three consecutive monthly…

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January – Strong Like Bull 1/29/24

January – Strong Like Bull

The S&P 500 rose last week as the first reading of Q4 economic growth came in stronger than expected and some financial earnings beat estimates. The index ended last week at 4891, a few points up from the prior week’s 4840.  The index is now up 2.5% for the month…

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AI = Artificial Intelligence or “All In”?

On the back of a positive quarterly announcement last Thursday from Taiwan Semiconductor about the strength in “AI-Artificial Intelligence” chip demand turning the rest of semiconductor demand up, tech stocks, and more specifically, names like NVDA and AMD exploded higher Thursday and Friday pushing the S&P 500 to a closing…

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Earnings Season: And they are Off 1/15/24

Earnings Season: And they are Off

The S&P 500 rebounded last week from its first week of 2024 selloff.  The S&P 500 index rose +1.8% last week, erasing its YTD decline and putting the this index into positive territory year to date. The index ended last week at 4784, a few points up from the year…

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New Year: Mortimer Sells

As the OHFG investment team expected, the major averages started 2024 with a losing week, snapping a nine-week winning streak.  The excuse de jor was the Federal Reserve walking back some early 2024 interest rate expectation cuts.  The S&P 500 fell -1.5% last week, with gains in “boring” health care…

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New Year, Same Worries

The S&P 500 rose marginally for the 9th week in a row. This is the longest winning streak since 2004. The S&P 500 was up +0.3% last week. Utility stocks were the best performing sector +1.2% while Energy was the worst-performing (-1.4%). The cash S&P 500 index ended Friday’s session…

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