Investment Management

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…

The S&P500 has now regained more than +20% from its October 2022 lows as of last Thursday.  For many armchair strategists, including the cover of Barron’s this weekend, this marks the start of a fresh bull market. The OHFG investment team doesn’t play that game by those rules. Global equity…

The S&P500 closed last week at a 12-month recovery high of 4,282, up from the prior Friday’s closing level of 4,205. The S&P 500 rose +1.8% to end the week stretching its YTD gain to 11.5%. 10-year Treasury yields fell 11 bps.  All sectors gained for the week, led by…

The markets were closed Monday in observance of the Memorial Day holiday. Stocks finished last week mixed. Outside of the tech sector, bears had a minor victory as the debt ceiling drama weighed heavily on investor sentiment.  Even so, the S&P closed the week near a weekly 52 week closing…

Stock indices rose last week on renewed hopes of a debt ceiling compromise. Investors had been more optimistic on Thursday after House Speaker Kevin McCarthy said a House of Representatives vote on a debt ceiling deal could come as soon as this week.  The debt ceiling remains a concern to…

Stock indices finished a choppy week mixed as the market looks for direction amid a mixed bag of bullish and bearish catalysts as earnings reports wind down.  The Nasdaq hit its highest level since August of 2022 thanks to the tech sector’s post-earnings strength. However, other cyclical sectors showed notable weakness…

Equities and the S&P 500 ended last week mixed.  The DJIA (Dow Jones Index) fell -1.2% and the S&P 500 dropped -0.8% but the NASDAQ Composite rose +0.1%. So far this morning, Treasury yields are higher.  Last week’s headline employment report showed continued job growth (albeit overstated due to continued…