Investment Management

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%,…

Equity markets dropped last week as a solid run of economic data stoked the higher-for-longer interest rate narrative. The S&P 500 fell -1.2%, with materials and health care lagging, while banks held flat. The S&P 500 ended Friday at 4,399, down from the prior Friday’s closing level of 4,450. The…

Did bearish calls by many strategists or retired billionaire hedge fund managers in the second half of 2022 or first half of 2023 keep you out of the markets? Keep you sidelined? Did talk of “retesting” or “breaking” to new lows in late 2022, when volatility was high, push you…

Over the weekend Wagner mercenary chief Yevgeniy Prigozhin undertook a 36-hour, armed revolt against the Russian defense establishment, marching his group of “soldiers” away from Ukraine and back toward Moscow.  For now, the “insurrection” has passed with the Kremlin taking steps to reassert control over Russia on Monday.  Russian state…

Few things breed confidence in investors like an 8-month winning streak. Where do you stand? Were you “nervous” in October 2022 near the lows due to “inflation” concerns?   Still waiting in March or June 2023 due “debt ceiling worries? Has “FOMO” now set in as you are feeling better and…