Last Week: “TINA”, which stands for there is no alternative (to equities), has been the battle cry for the bulls during this nine- plus year rally in the market. The gamble by the Federal Reserve that pushing short-term risk-free interest rates down to zero percent...
Last Week: Resilient? But wait, you might be thinking, didn’t the market decline last week? Indeed, the S&P 500 did lose 0.89% and the DJIA 2.72%, while the Russell 2000 managed to post a fractional gain. Given the escalation in trade tensions, I think those...
Last Week: Once upon a time, a long time ago, in February and March, the market declined, and volatility spiked over concerns of a trade war and tightening monetary policy. Last week Investors (traders?) displayed tremendous resilience to those concerns. On the heels...
Last Week: Once again, the market proved resilient, with the S&P 500 gaining 1.6%, despite numerous troubling global headlines. Most of the unsettling news relates to trade issues, which clearly could become significant impediments to the global economy if the...
Last Week: Definition of Resilient from Merriam-Webster: a: capable of withstanding shock without permanent deformation or rupture. b: tending to recover from or adjust easily to misfortune or change. I’m not so sure about “misfortune”, but there has certainly been...
Last Week: Enthusiasm over progress on trade negotiations early in the week, gave way to concerns over a myriad of geopolitical concerns (Turkey, Italy, Iran, Spain, Venezuela, Brazil, North Korea), leaving the equity markets fractionally higher by the close on...
Last Week: The Ten-Year Treasury yield moved comfortably over 3%, rising 10 basis points to levels not seen since 2011, without any reaction from the stock market, as the S&P 500 declined a modest 0.54%. Smaller stocks continued their recent outperformance, with...
Last Week: Following up on the theme from our last blog, the TIDE rolled in for four of the five trading days, and the S&P 500 finishing 2.4% higher. On the positive side, the trade talks moved towards deal making, as speculation grew that the Chinese are prepared...
Last Week: We are coining a new acronym, “TIDE” (Trade, Inflation, Debt, Earnings), to describe the movement in the market. Trade continued to be a powerful force, triggering a steep sell-off on Thursday as the delegation to China made little progress. Inflation...
Last Week: Tuesday was a tough day, with the S&P 500 sliding 1.3% and the yield on the Ten-Year Treasury topping 3% inter-day. The rest of the week, the stock market made up those losses to finish unchanged, and the Ten-Year Treasury also finished where it...