Investment Management

Weekly Market Updates

05.28.2019 – Halfway Home: Pauses, Pullbacks, and Dips, Oh my! No Fun!

May 28, 2019

By Chris Perras, CIO U.S. markets were closed Monday for the Memorial Day holiday. Last week, the S&P 500 dropped 1.2% to lower its year-to-date gain to 12.7%. (albeit this is a rigged number given the markets 20% down move in late 4th quarter 2018 setting the bar for the first half 2019 very low).…

05.20.2019 – Deadzone: Week 4 – Expected, but still not Fun

May 20, 2019

By Chris Perras, CIO Equity markets had a choppy week caused by renewed trade tensions and mixed U.S. economic data. The S&P 500 fell 0.6% by the time it all finished, ending the week around 2860 with “boring” consumer staples, telecom and utilities being the only sectors to gain. Almost every strong piece of data…

05.13.2019 – The 2nd Quarter Pullback Comes Knocking

May 13, 2019

The 2nd Quarter Pullback Comes Knocking By Chris Perras, CIO U.S. SP500 equity futures are down about 1.5% this morning and almost 2% on the NASDAQ.  This is being driven by increasing concerns over the escalating U.S./China trade war.  As we previewed way back at the beginning of January, the “deadzone” of May through late…

05.06.2019 – Easter Bunny Brings “Market Melt-Up” at SP500 2925…Not!

May 6, 2019

By Chris Perras, CIO The calls for a market “melt up” started around SP500 2900-2925 around Easter. We believe these market calls are comical given a move to 3000 would amount to about 1.5% higher than the all-time highs. Moreover, many of these same individuals called for “retests of the lows”, economic recessions looming, and…

Oak Harvest Market Update – April 29th, 2019

April 29, 2019

1st Quarter EPS Recap: Disney, It’s a Magical Place… 3M, It’s not so MMM MMM good By Chris Perras, CIO Global equity markets were mixed this week, but USA markets found support from better earnings, a Friday payday passive flow, and stronger-than-expected U.S. economic data. The S&P 500 rose 1.2%, to a marginal record high. …

Oak Harvest Market Update – April, 22, 2019

April 22, 2019

By Chris Perras, CIO The S&P 500 was flat last week, but is up 16% year-to-date on ebbing recession fears, as the U.S. economy is showing signs of rebounding after slowing at the turn of the year. The idea that the U.S. and China are converging on a trade deal by the summer has helped sentiment…

Oak Harvest Market Update – April 15th, 2019

April 15, 2019

Rotation Nation – 2q19 Pause and/or Pullback By Chris Perras, CIO The S&P 500 rose 0.5% last week to extend its year-to-date gain to 16%, ending around 2905, a little beyond our 2q19 projected range of 2880-2900. We are back to flat with last September. Within Financials, JP Morgan topped estimates on Friday and was…

Oak Harvest Market Update – April 8th, 2019

April 8, 2019

“Say Anything”– Capitalism is Dead per the .0001% ers!!! By Chris Perras, CIO Equity markets posted gains last week with the SP500 closing within 1.5% of all -time highs. Looking back to the beginning of 2019, when we published our 1st half-outlook, investors were looking at a trade war with China, a government shutdown, falling…

Oak Harvest Market Update – April, 1st 2019

April 1, 2019

“A Year of Higher Volatility….NOT Likely to Happen!!!!” By Chris Perras, CIO Equity markets posted gains last week with most of the gain coming Friday of?… Yes, you’ve heard it here all year, passive payday money flows. The S&P 500 rose 1.2%, led by industrials and materials. The first quarter has wrapped up, and it’s…

Oak Harvest Market Update – March 25th, 2019

March 25, 2019

“Been there Done That” – 2015/16 Replay By Chris Perras, CIO Friday’s 1.9% pullback left the market off 0.8% last week, though the SP500 is still up 11.7% YTD. 100% of the markets drop happened the second half of Thursday-Friday on the back of concerns of slowing global growth, a strong rally in bond markets…