Monthly Archives: October 2018


Last Week: Earnings season got back on track, and the market responded with a nice rebound early in the week, only to have the gains dissipate with the market finishing flat to slightly lower by the close on Friday. So far, major bank earnings in particular are looking very good, both the level of earnings and the quality of the earnings. I believe that as interest rates rise, the large, multi-regional [...]

2018-10-22T09:11:57+00:00October 22nd, 2018|

Loco Sell-off

Last Week: It was the worst week for the equity market since early February, with the S&P 500 declining 4.1%, erasing over half the gains for the year. Only a relief rally of over 1% in the last hour of trading Friday allowed the index to break a six-day losing streak. The twin headwinds of rising rates and trade tensions uprooted the pillar of strong corporate earnings, as cautionary language from [...]

2018-10-15T11:57:43+00:00October 15th, 2018|

Headwinds Stiffen

Last Week: Despite enthusiasm on Monday morning over the new U.S.-Mexico-Canada Agreement (take note that the word “Trade” disappeared from the agreement formally known as NAFTA), as the week progressed the trade and interest rate headwinds once again intensified. On the trade front, U.S. Commerce Secretary Wilbur Ross told Reuters on Friday that the US and China probably won’t resume trade negotiations until after the November mid-term elections. It is becoming [...]

2018-10-08T12:09:18+00:00October 8th, 2018|


Last Week: The two major near-term headwinds were lightly blowing in the face of investors, with the implementation of tariffs on Monday by the U.S. and China, followed by the Federal Reserve rate hike on Wednesday. Both events were widely expected, and the damage was minimal, with the S&P 500 retreating 0.54% and the Russell 2000 0.92%. Also, as expected, the Fed removed the word “accommodative” from its policy statement. The [...]

2018-10-01T12:54:07+00:00October 1st, 2018|