Weekly Market Update
Market Action Markets declined broadly last week, marking the first monthly loss for the U.S. stock market since October 2016. Volatility remained high with four of the five trading days during the week exceeding a 1% move. US president Donald Trump said Thursday that...
Corporate Bonds, Excess Cash, and Market Yields: Is there an Equities Link?
In the recent market turmoil, corporate bonds seemed able to sustain their values. Could we assume that in a future market turmoil they will continue showing signs of immunity? Last two times we saw an equities correction (summer of 2015 and early 2016), anxiety...
Weekly Market Update
Market Action Stocks were up modestly for the week, breaking the recent trend of sharp swings which produced the worst week in two years and the best week in five years in succession. The dust has appeared to settle a bit, but volatility is likely to persist as...
CROSSROADS
Here are the biggest issues to watch around the globe over the coming month: The Russia Investigation The investigation into Russian interference in the 2016 U.S. election is heating up, with Special Counsel Robert Mueller issuing 13 indictments against Russian people...
Weekly Market Update
Market Action After falling into correction last week, the S&P 500 and the Dow Jones Industrial Average are both up 4% and are on track for the biggest weekly percentage increase since November 2016. The Nasdaq is also up by over 5% - its biggest week since...
Usual Suspects and Unusual Narratives: Markets Search for Direction but Natura No Facit Saltus
Should we always buy the dip? The strategy has worked over a number of years. Is this time different? The blame over the recent market turmoil has identified some usual suspects: those who shorted volatility got burned; those who used too much leverage got burned;...
Weekly Market Update
Market Action Stocks globally were down sharply for the second week in a row, and stock market volatility has returned with large daily market swings; this week the CBOE Volatility Index (the VIX) reached its highest level since China’s currency crisis in 2015. The...
Market Turmoil, Portfolios and Commodities: Time to Diversify, Part I
As a starting point allow me please to summarize what we communicated to our clients during the recent market turmoil. First, let’s review what we perceive are the main causes of the turmoil which may continue in the near future: The bond market is experiencing losses...
Weekly Market Update
Market Action Stocks recorded their first weekly loss of 2018. The S&P 500 Index suffered its worst weekly drop in two years. Rising yields and inflationary fears are cited as main culprits; however, valuation and political fears should not be discounted as...
Tech Earnings, Gold Performance, and Bond Jitters: The Dollar Link
It seems that we may be in for another tech-earnings party today. As these lines are being drafted, Microsoft and Facebook are expected to report rising profits and anticipation is lifted higher and higher as Google, Apple, and Amazon will be announcing results today...
