Investment Management

Index, Sector, and Asset Performance Stocks in Asia ended higher Monday (ex-China) led by strong gains in Japan +4.8% following the election of Senae Takaichi. This morning, Advanced Micro Devices (AMD) won a huge AI chip order from OpenAI, sending the stock soaring over 20%. AMD expects the deal to…

Index, Sector, and Asset Performance Since early April, markets have continued to rally in a V-bottom recovery pattern against a “Goldilocks” backdrop based on optimistic growth expectations with AI spending leading and dovish Fed expectations. Even in a down week, Wall Street finished higher last Friday after the Federal Reserve’s…

Index, Sector, and Asset Performance The S&P 500 and Nasdaq Composite each hit all-time highs last Monday, Thursday, and again on Friday on their way to posting weekly gains of +1.22% and +2.21%, respectively.  The small-cap Russell 2000 outperformed the S&P 500, advancing +1.95%. The S&P 500 closed at 6,664….

Index, Sector, and Asset Performance The S&P 500 rose +1.6% to 6,584, putting it on course to gain +1.9% this month. If this holds to finish the month, it’d be the second consecutive September it’s risen, which would mark the longest winning streak since the one ending in 2019 that…

Index, Sector, and Asset Performance The S&P 500 rose +0.3%, led by communication services (+5.1%, GOOGL, ETA, NFLX) and consumer discretionary (1.6%, AMZN, TSLA, Homebuilders), both historically “bull market” sectors.  A weak August payroll locked in a rate cut by the Fed at the upcoming September meeting, with the market…

Index, Sector & Asset Performance The S&P 500 dropped -0.1% last week ending August trading with a +1.9% monthly climb. The S&P 500 closed at 6,460.26 on Friday. Post it’s early April V-bottom, the index recorded its fourth consecutive monthly gain. It is now up +4.1% for the quarter and…

When Dove’s Come to Town Index, Sector, and Asset Performance Markets exploded higher to end the week at 6,466 on the S&P 500 on the back of a dovish speech by Federal Reserve Chairmen Jerome Powell where he emphasized a slowing labor market over one-time inflationary/price changes caused by tariffs….

Climbing a Wall of Worry Index, Sector, and Asset Performance Most market indices continued to rally to marginally new record all-time highs. The S&P 500 jumped +1.1% on Tuesday to close at a record high of 6,445, marking its 16th all-time high of 2025 and crossing above the 6,400 threshold….

Index, Sector, and Asset Performance The S&P 500 index jumped +2.4% last week, led by technology (PLTR, AAPL and GOOGL) and consumer discretionary stocks. Better-than-expected earnings, short covering, and growing expectations for the Federal Reserve to cut rates in September and up to 2 more times in 2025 after that…

Index, Sector, and Asset Performance Seasonally hits on cue, with August through late September stalling and exhibiting weakness.  The S&P 500 sold off every day last week on an intraday basis.  When the week ended, the Nasdaq 100 and S&P 500 (-2.4%) were both down by over -2% for the…

Index, Sector, and Asset Performance The S&P 500 index rose +1.5% this week to another closing record in an advance led, for the first time in a while, by the health care sector. The S&P 500 ended at 6,389, its highest closing level ever. This was its fifth consecutive session,…

Summer Tailwinds Index, Sector, and Asset Performance The S&P 500 extended its new ATH run last week, with equity indices generally higher with DJIA -0.1%, S&P 500 +0.6%, and NASDAQ Composite +1.5%. In the bond market, shorter term yields fell, dropping as much as -3 bps at the 5-year maturity…