Investment Management

Market Updates

Historic Intraweek Volatility

March 16, 2020

Market Update, 2020-03-16: Historic intraweek volatility hit US equity markets again last week. Volatility in the S&P 500 has not been this high since the U.S. credit rating downgrade in 2011, which was a market low. Last week, domestic news surrounding the COVID-19 virus overshadowed better news in China and Korea on that front.  It…

Volatility as Saudi Arabia Piles On

March 9, 2020

Market Update, 20-20-03-09: Last week US equity markets experienced significant intraweek volatility but ended the week slightly higher overall. Realized volatility of the S&P 500 has not been as high as it has over the past 10 days since the U.S. credit rating downgrade in 2011. Covid’s influence Last week, domestic news surrounding the Covid-19…

Volatility, Extended Edition

March 2, 2020

Market Update, 2020-03-02: Last week US equity markets experienced volatility not seen since early February 2018. After holding up throughout mid-February this year, equity investors sold stocks with aggression. The S&P 500 fell 11.5%, while the Dow was down 12.4%.  In percentage terms, the decline wasn’t in the Top-30, but it was still an aggressive…

Emotional Investing

February 24, 2020

Market Update, 2020-02-14: Equity markets fell late last week. The S&P 500 was down 1.3% as gold jumped and energy bounced. A solid earnings report from Deere on Friday caused a bounce in value oriented cyclical stocks.  Bond yields fell last week with the 30-year Treasury reaching a new all-time low yield. This may have…

Hot Stocks and Those That are Not

February 17, 2020

Market Update, 2020-02-17. Tech stocks were hot as equity markets rallied again last week. And the S&P 500 ended at 3380 on the back of Friday’s “payday” savings flows. 10-year Treasury yields are down about 20 bps since mid-January. And oil is off almost $10 year to date. In the middle of last week, the…

Acceleration by Global Economy Likely, Bull Market

February 10, 2020

Market Update, 2020-02-10. Equity markets rallied early last week to new all-time highs. Firstly, this excitement was on the back of good earnings and, secondly, stronger economic data. And the S&P 500 was led by Technology and a few healthcare names.  Markets pulled back on Friday on ongoing coronavirus outbreak concerns. Moving from peak to…

02.03.2020 – Market Update

February 3, 2020

By Chris Perras, CIO. Equity markets pulled back sharply late last week, as the ongoing coronavirus outbreak weighed on sentiment and began to drop global growth forecasts just after the China trade agreement had raised them.  The S&P 500 fell 2.1%, with energy and materials the worst groups.  Peak to trough the S&P 500, closing…