Investment Management

Panic in the Valley: The S&P 500 fell last week as trouble in the banking sector pushed the Federal Reserve policy to the background and bank liquidity to front page news. The S&P 500 fell -4.5%, with all sectors in the red. The banks led the week losses down -11.5%,…

March Onward: As discussed last week, we exited February oversold on the charts having navigated quite a normal weak February in the S&P500. And? Global equity markets had a strong week last week ending higher across the board. Equity markets rebounded on the week amid relative calm on the economic…

February Ending and HTX Rodeo Kick-off: The S&P500 lost ground for its third consecutive week as concerns rose surrounding the Federal Reserve’s fight against inflation having yet to reach the final innings. We enter this week oversold on the charts having navigated a quite normal weak February in the S&P500….

The market is closed today, Monday the 20th, for the Presidents Day holiday. S&P Fell: Last week the markets gave back a little bit more of January’s strong returns.  The indexes finished the week with their worst week for 2023, with technology, communication services, and small caps dragging down the…

Last Week: Last week the markets gave back some of January’s strong returns. This is normal behavior as the beginning of February is normally a time of give back and a consolidation period after strong January returns. The indexes finished the week with their worst week for 2023, with technology,…

S&P Rising: The S&P500 rose 1.6% last week led by the Nasdaq’s 3.3% rally with high-growth technology, discretionary, and communication service sectors leading the way. As it’s been for 2023, energy and defensive stocks, utilities, and staples, once again brought up the rear. The S&P500 ended the week at 4,136,…

A Decent New Year so Far: Last week the S&P500 index rose 2.5% ending Friday at 4070.56, putting the index up about +6% year to date. 2022 sector laggards, consumer discretionary and technology led the weekly gains up 6.4% and 4.1% each. Communication services rose 3.3%; real estate rose 2.8%;…

  January Movements: We entered last weekend with the S&P500 up +3.47% for the year and the Nasdaq up +6 .21%. Year to date, opposite 2022, the Dow Jones Industrial average is lagging the growth indexes. During a holiday-shortened week, Friday saw another intense breadth thrust day with the NYSE…

Softening Pressure: U.S. markets are closed today owing to the MLK holiday. Last week, on the back of softening CPI inflation pressure, and the hope of the Federal Reserve moving more slowly in 2023, the S&P500 index rose +2.7% last week. The index is now up over 4% year to…

The Current Conditions: 2023 started on a positive foot for equities globally. In its first week of trading, the S&P500 gained +1.5%, the Dow index gained +1.5%, and the Nasdaq +1%. Those gains were less than Europe and China where indexes rose anywhere from +3% to +10%. While the Fed…

Concluding the Year: 2022 is in the books and it wasn’t pretty for investors.  Both stock and bond volatility rose substantially last year.  The Fed induced bear markets in both stocks and bonds and the standard 60/40 portfolio endured its worst annual loss since 1937.  The value and price-weighted Dow…

Inflation Watch: Equity markets were down last week as investors remained worried about slower economic growth and a deteriorating profit outlook for 1st half 2023 as the Fed and other global central banks remain on inflation watch.  According to Bank of America/Merrill Lynch, global equity outflows totaled a record $41.9…