Investment Management

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…

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…

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…

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…

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…

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. …

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…

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%…

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…

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…

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…

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%,…