Investment Management

By Chris Perras, CIO. Equity markets were mixed last week with the S&P 500 falling .2% on the back of a Thursday and Friday selloff caused by President Trump returning to the blame China playbook for the virus and our current economic situation. The Federal Reserve took a pause and…

By Chris Perras, CIO. The Dow Jones Industrial Average DJIA, +1.10% closed 260 points higher on Friday, ending the week 1.9% down.  The Japan Nikkei (-3.2%) and German DAX (-2.7%) were the laggards.  Sector wise materials rocketing 11.1% (boosted by gold), tech (+4.5%), and energy (+2%) rounded out the top…

Weekly Market Update, 2020-04-20. Despite bad economic data and constant financial news network doomsday talk, the S&P 500 rallied 3% last week.  It closed the week at 2875.  Basically, where it based from January 2018 through Sept 2019.  In doing so, it stretched its one-month gain to 14% and pared…

Weekly Market Update, 2020-04-13. The S&P 500 is basically flat this morning at 2775. Markets were closed Friday for the Easter weekend. Through Thursday’s close, changed sentiment rallied the S&P 500 about 25% from a low reached on March 23. The broader market average has also retraced half of its…

Weekly Market Update, 2020-04-06. S&P 500 futures are up nearly 4% pre-opening this morning. This thaw would erase last week’s 2.1% decrease and chip away at the YTD loss of 23%. The 10-year Treasury rate is up 7 bps to 0.67%, retracing a good portion of last week’s decline. Virus…

Weekly Market Update, 2020-03-30. Last week US equity markets experienced historic intraweek volatility again. This time it pushed to the upside with the mid-week, three-day rally amounting to over 20% from its Monday trough to its Thursday intraday peak. And we experienced our first consecutive up-days in the market since…

Market Update, 2020-03-23. This morning, U.S. equity futures are flattish after opening trading last night limit down  (-5%). Declines were due to concerns over escalating COVID-19 cases (NYC’s become a global hot spot) and their negative economic consequences weighing heavy on U.S. and global investor sentiment. The short-term failure of…

Market Update, 2020-03-16: Historic intraweek volatility hit US equity markets again last week. Volatility in the S&P 500 has not been this high since the U.S. credit rating downgrade in 2011, which was a market low. Last week, domestic news surrounding the COVID-19 virus overshadowed better news in China and…

Market Update, 20-20-03-09: Last week US equity markets experienced significant intraweek volatility but ended the week slightly higher overall. Realized volatility of the S&P 500 has not been as high as it has over the past 10 days since the U.S. credit rating downgrade in 2011. Covid’s influence Last week,…

Market Update, 2020-03-02: Last week US equity markets experienced volatility not seen since early February 2018. After holding up throughout mid-February this year, equity investors sold stocks with aggression. The S&P 500 fell 11.5%, while the Dow was down 12.4%.  In percentage terms, the decline wasn’t in the Top-30, but…

Market Update, 2020-02-14: Equity markets fell late last week. The S&P 500 was down 1.3% as gold jumped and energy bounced. A solid earnings report from Deere on Friday caused a bounce in value oriented cyclical stocks.  Bond yields fell last week with the 30-year Treasury reaching a new all-time…

Market Update, 2020-02-17. Tech stocks were hot as equity markets rallied again last week. And the S&P 500 ended at 3380 on the back of Friday’s “payday” savings flows. 10-year Treasury yields are down about 20 bps since mid-January. And oil is off almost $10 year to date. In the…