Investment Management

Equity markets were mixed last week although we sit just below new ATH’s.  The S&P 500 added 0.3%, as gains in consumer discretionary and technology outweighed declines across most other sectors.  We are in the year end tax selling time period so expect oversized moves each direction. The House passed…

Overview Equity markets were mixed last week with higher inflation readings at the top of minds for investors. The S&P 500 fell -0.3% as a -3.2% decline in consumer discretionary stocks was a drag.  Additionally, energy and utilities stocks also struggled. Ten-year Treasury yields rose modestly on the week but…

Overview The S&P500 rose 2.0% last week to more new all-time highs.  The Federal Reserve met, and shorter-term traders exhaled. Consumer discretionary and technology stocks led the rally. The Taper Exactly in line with their previous discussions, the Fed announced that it will begin to taper asset purchases starting later…

Overview Equity markets were mostly higher last week led by the S&P500 rising 1.3% to a new all-time high and closing out October up almost 7% on the month.  Consumer discretionary and telco led, while banks lagged.  Much is being made about the big October month.  We once again point…

Overview Equity markets erased 4 weeks of declines and rallied last week to new all-time highs, against the on-going calls for -10% or more by some strategists. The S&P 500 was up +1.6%, Japan up +.9%, and Canada +1.4%.  Industrials, healthcare, and financials led the rally, while technology, consumer discretionary,…

Overview Equity markets rallied last week across the world.  The S&P500 rose 1.8%.  International equities rallied as well with Japan/Nikkei (+3.6%), France/CAC (+2.6%), and Canada/TSX gaining 2.5%.  The dead zone is ending, and the 3rd quarter earnings season has begun with bank earnings last week. This will be followed by…

Overview Equity markets rallied last week, as debt ceiling concerns were relieved, and economic data was generally better than expected. The S&P 500 rose 0.8% on the week, with energy and financial stocks leading the advance as long term rates rose mildly. Both sectors have broken out to all-time highs….

Overview The S&P 500 dropped 2.2% in a volatile week and is down about 4% from its September 2nd high, finishing the 3rd quarter roughly flat. This broke a seven-month winning streak for its worst monthly return since March 2020, amid fears of political gridlock leading to a US debt…

Overview Much to the chagrin of doomsayers trying to warn of an impending Lehman moment on a large, but obscure, Chinese real estate developer, the S&P 500 managed to finish up a modest 0.5% on the week, led by banks and energy. The week started with an aggressive sell-off on…

Equity markets dropped toward the end of last week into option expiration Friday as we sit in the “deadzone” of the 3rd quarter. Overnight, the S&P 500 futures are down about 1.5% on China property developer Evergrande worries. The S&P 500 index fell 0.6% last week to lower its YTD…

Equity markets dropped last week with the S&P 500 down 1.7%.  The market has held up with normal deadzone choppy waters in play. The S&P 500 is up 33.5% from a year ago, and momentum has held firm over the past three- and six-months, up 21% and 29% annualized, respectively….

Welcome to the Oak Harvest Market Update and Recap for 9/7/2021! U.S. equity futures are flat after the S&P 500 rose last week despite some disappointing jobs data.  For the week, the S&P500 rose another 0.6% to stretch its year-to-date gain to 20.7%. 10-year yields up 4 bps to 1.36%…