Investment Management

Overview Last week was a good week in the S&P 500 as investors shrugged off a higher-than expected inflation reading. The markets were led by the Dow last week, which leans more cyclical, as it gained 4%, breaking a four-week losing streak. The S&P 500 and the Nasdaq Composite each…

Overview Equity markets were broadly down last week with the S&P 500 down 1.2%, now placing it about -3.5% off its closing November 5th high of 4697.5. The real weakness in the markets over that period has come in the areas of “growth at any price” software and reopening stocks,…

Equity markets fell Thanksgiving week due to a deep Friday selloff in thin holiday trading. Professionals were positioned for a boring Friday in a shortened holiday week. Friday brought a combination of unexpected events, with the appearance and concerns about the spread of the Omicron variant resulting in a “sell…

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…