Investment Management

Market Update 2020-11-30. The Dow rose 2.2% last week, briefly piercing 30,000 for the first time (all you long time Harry Dent fans and newsletter readers can now relax). Dent was not wrong; he was merely 21 years early). The Dow’s 13% advance so far in the November could be…

Market Update 2020-1-23. U.S. equities look to open about 0.5% higher on more positive vaccine news, with AstraZeneca and the University of Oxford the latest to claim effectiveness in preventing infections. Moreover, the FDA cleared Regeneron’s antibody drug which has the potential to reduce the number of severe cases and…

Market Update 2020-11-16. Breaking News: Moderna Vaccine 94%+ Effective Monday Ground Hog Day!  U.S equity futures are up the morning of 11/16, finding support from Moderna’s positive vaccine news. Treasury yields are slightly higher along the curve, by as much as 2.0 bps at long end. The US dollar is…

Market Update 2020-11-09. Breaking News: Pfizer Vaccine results much better than expected. 90% efficacy! U.S equity futures are up this morning 4–5%+ following the vaccine news from Pfizer. Treasury yields are higher by as much as 7.0 bps at the long end (10s +6.1 bps to 0.879%) with the US…

11.2.2020 – Market Update. Equity markets fell last week with the S&P 500 dropping -5.6%, its worst week since March, ending the week at 3270.  This decline leaves the S&P 500 up about 2% year-to-date. Delays in a U.S. fiscal stimulus package, rising COVID cases across most of the world,…

Market update: 2020-10-26. Equity markets fell mildly last week with the S&P 500 slipping 0.5%.  Ongoing bickering about a U.S. fiscal stimulus package, rising COVID cases across most of the world, and the up-coming Presidential election has us in the normal stall zone. Technology and consumer discretionary sectors pulled back….

Market Update 2020-10-19. Equity markets were mixed last week.  Covid cases are accelerating throughout the world and in parts of the USA. The S&P 500 rose 0.2%, led by industrials and telecom, while banks dragged the old-line financials down. The NASDAQ has bounced almost 6% in the past month and…

Market Update 2020-10-12. Equity markets rose last week by with the S&P 500 up 3.8%. All sectors were green. Energy led the pack for once, as Hurricane Delta’s track lifted oil prices above $40. Bank and technology stocks posted nice gains. Interest rates rose helping banks and consumer discretionary groups. …

Market Update 2020-10-05. The S&P 500 rose last week by 1.5%.  Interest rates rose helping banks and consumer discretionary groups to lead.  Ongoing talk of another fiscal stimulus program led to a steeper yield curve and economically sensitive stocks led. The S&P is up about 4% on the year. Oil…

Market Update 2020-09-28. U.S. equity futures are up the morning of Monday, 9/28 about 1.5%.  The S&P 500 is down 8% from the record high reached Sept. 2 and was down by as much as 11% at Thursday’s intraday low, marking a brief trip into correction territory. However, it hasn’t…

Market Update 2020-09-21. The S&P 500 is down about 2.5% this morning, in the wake of losses across the major global market indexes. Covid concerns are escalating. In turn, Treasury yields are lower along the curve, by more than 5 bps for longer-term maturities, and the US dollar is stronger. …

Market Update 2020-09-14. Equity markets fell last week about 2.5% with energy, technology and banks posting the biggest losses, but the S&P 500 remains up about 4.8% year to date and up 13.5% from last summers “buy zone in September.”  Last week, the S&P 500 saw its weakest breadth since…