Investment Management

Even though interest rates rallied last week, concerns about escalating conflict in the Middle East led to another week of downside in most equity markets.  The S&P 500 fell -2.5% on the week and is now down   -14.2% from its December 2021 record highs.  The 10-year interest rate fell -8…

The S&P 500 index closed on its lows for the week.  The S&P 500 index fell -2.4% last week, ending its October 2 week winning streak. The market benchmark is down month to date, as comments by Federal Reserve Chair Jerome Powell raised investors’ concerns about interest rate policy.  The…

The S&P 500 index closed green last week rising by +.45%, it’s second consecutive marginal gain.   The market benchmark ended Friday at 4,327 up from the prior Friday’s closing level of 4,308. The index is up +0.9% in October and almost 13% this year.  The increase was small as investors…

Thoughts and prayers to all those in Israel and the rest of the Middle East affected by this weekend’s horrible events.  Taking a line from Josh Brown, “if you’re selling US stocks today because you’re waiting for a calmer, more peaceful time in the Middle East to buy back in,…

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%…