Investment Management

Market Update 2020-09-09. Troy Sharpe, CFP®, and Chris Perras, CFA®, discuss recent market events, recent actions we’ve taken inside your portfolio and what to expect heading into Q4.

Market Update 2020-09-08. Equity markets rose early in the week on the back of continued month-end price agnostic retail ETF money flows, only to reverse course Thursday in what has come to be a very normal “deadzone” Q3 pattern.  In total on the week, the equity markets fell sharply from…

Market Update 2020-08-31. Equity markets rose last week with the S&P 500 reaching the 3,500 mark for the first time, rising 3.3% last week on Chairman Powell’s dovish comments that the “Fed will run the economy as hot as possible to lift inflation moderately above the 2% target.” Basically, after…

Market Update 2020-08-24. Equity markets rose last week with the S&P 500 up 0.77% last week, led by cyclical groups industrials and technology.  This index sits at a new all-time high.  We will say it again, “can you say V-bottom”? This pushed the S&P 500 index to up 6.5% year…

Market Update 2020-08-17. Rising volatility is ahead, but equity markets rose modestly last week, led by foreign stocks and the value biased Dow Jones Industrial Averages. The S&P 500 rose 0.7% last week, led by cyclical groups industrials and technology.  This index sits roughly 1% below its late February all-time high. …

Market Update 2020-08-10: Equities ignored the media and rose last week, as the economic recovery continues against the almost non-stop drone on TV of dire warnings and outcomes.  Earnings results beat low expectations. Yes, that still counts.  On the earnings front, more than 80% have topped Q2 expectations. What is…

The U.S. equity market was slightly positive this week as companies continued to report second quarter earnings. 40% of the S&P 500 reported quarterly results with beat rates strong.  Thursday night saw a historic flood of positive reports by technology leaders Facebook, Amazon, and Apple.  Electronic Arts crushed estimates but…

By Chris Perras. Equity markets ended the week mostly lower amid a combination of rising US/China tensions, high COVID virus trends, and a stall in further U.S. fiscal stimulus measures. The S&P 500 fell 0.3% from last Friday’s close with the largest drags coming from the second half of the…

The S&P 500 cash index closed last week at 3225, up 1.25% on the week, which was an option expiration week. The S&P price return is now almost flat on the year on a price basis (-.2%), up about +1% year to date including dividends, and up +10.2% year to…

The S&P500 cash index closed the week at 3180, up almost 1.8% on the week (and now down about 1.5% YTD), as the “summer rally” that 99% of financial commentators on TV have missed since Friday June 26th when many were preaching lower targets, continues. Those calling for “trading ranges”…

By Chris Perras. The S&P500 cash index closed the week at 3130, up almost 4% (and down 3% YTD), from the Friday May 26th close which marks the timing for the normal summer rally. Don’t tell the naysayers of a recovery in the economy and stocks but, in addition to…

By Chris Perras. The S&P500 cash index closed the week at 3010, down about -2.9% on the week with all that coming on Friday, which was both option expiration and quarterly index rebalancing. Banks and energy were the biggest drags with the yield curve flattening. Short term traders sold cyclical…