Investment Management

Market Updates

Rotating Waiting Summer Stall Still

May 24, 2021

Weekly Market Update: Waiting and rotating: summer “stall” continues. We are in the “summer stall” for the stock market. In our view, it started “Tax Day” on April 15. Since then, the S&P 500 has flattened out. And the S&P 500 is still up more than 6% over the past three months and more than…

Catalyst for Summer Stall

May 17, 2021

Weekly Market Update. A catalyst triggered events and we are in the “summer stall” mode for the stock market which, in our view, started on April’s “Tax Day.” Catalyst action A higher-than-expected U.S. inflation report last week acted as enough of a summer catalyst for traders to cause equity markets to drop. Therefore, S&P 500…

Summer Stall: Waiting

May 10, 2021

Summer stall parked the stock market. This started mid-April, on Tax Day. We spoke of this coming in our April 9 podcast, “Volatility for Traders = Opportunity for Investors.” And we spoke of this in our April 12 Market Update, “New ATHs — Throttling it Back.” And here it is… Choppy Broadly speaking, most stocks…

Taxing Week: Churnings & Earnings

May 3, 2021

Economic recovery was overlooked because of continued concerns over higher trending corporate and individual tax rates led by the Democrat-controlled federal government. Therefore, these helped the S&P 500 churn for another week as it sits almost exactly where it did on Tax Day, April 15. The S&P 500 was flat on the week, after backing…

New ATHs: A “Taxing” Week of Churn and Spike in Volatility

April 26, 2021

Weekly Market Update: 2021-04-26. The S&P 500 churned last week, starting with an early-week sell-off that was reversed on Wednesday. But those gains were given back in the span of one hour on Thursday. The cause: concerns about the Biden tax plan. And the market mostly recovered once again on Friday. For the week, the…

Bull Market: New ATHs — Sell Tax Day?

April 19, 2021

Market Update, 2021-04-19. The bull market and the S&P 500 rose again last week to another new ATH. This was the fourth consecutive week of gains. This is the first such streak since last August (which did mark a short-term top in the markets for 2 months of up and down). While the TV missive…

No Bubble: New ATHs — Throttling it Back

April 12, 2021

Market Update: 2021-04-12: No bubble. The S&P 500 rose 2.7% last week to more new all-time highs (ATHs). Its year-to-date gain stands close to 10% on the back of easing U.S. virus restrictions and improved economic data. This is in sharp contrast versus the draconian — and wrong — Q4 2020 predictions of a double-dip…

“Marching” to New ATHs

April 4, 2021

Market Update, 2021-04-04: Marching to new all-time-highs (ATHs). Despite the hyped headlines and supposed market volatility, stocks finished the first quarter at more new ATHs. With a return of 5.7% for the S&P 500 for the first quarter, 2021 ranks third in first-quarter performance during the last 10 years. With a 5.5% gain, the first…

Significant ATHs; Depressed Press…

March 29, 2021

Market Update: Significant. Overall equity markets rose last week, much to the dismay of the financial press amongst a further collapse in both spot market and future month volatility. The S&P 500 rose 1.6%, with more defensive and rate-sensitive leadership, utilities and consumer staples leading the pack as interest rate momentum peaked and longer-term rates…

Unchanged Fed; Markets Exit Dead Zone

March 25, 2021

Market Update. Equity markets were marginally lower last week as the Federal Reserve was unchanged and stuck to the script. However, short term, longer-term interest rates continued to rise. The S&P 500 dropped 0.8%, with year-to-date leaders, energy and banks leading the declines. Telecom and consumer staples (defensive low-beta sectors) managed small gains. Much to…