Investment Management

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%…

Welcome to the Oak Harvest Market Update and Recap for 8/30/2021! First of all, our thoughts and prayers go out to our family, friends, and neighbors in Louisiana who are feeling the brunt of a top 5 hurricane on record to hit North America, with sustained winds of over 150mph……

Welcome to the Oak Harvest Market update and recap for 8/23/2021! Domestic equity markets slipped during option expiration last week amid concerns over the Delta variant and mixed economic data. Intra-week the S&P 500 lost just under -3% into the Thursday morning pre-market session. Our view continues to be that…

Global equities were mostly stronger last week, with Europe led by Germany/DAX (+1.4%) and France/FTSE (+1.3%) seeing the biggest gain.  Here in the USA, with the S&P500 making another marginal new all-time high, the NASDAQ, technology heavy, (-0.1%) lagged. Financials (+1.3%) and consumer discretionary (+1.1%) led the way higher, while…