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Weekly Update

Stronger Economic Growth – Good and Bad for Markets

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Published February 17, 2023

 

Below, our friends from Delta offer a summary of recent data which shows the economy being stronger than many expected. But that strength is pushing interest rates upward in a renewed push. The upward thrust in rates could well undo the stock market rally so far in 2023. Broad market analysts remain very split over the outlook for the economy and markets. We think now is a particularly important time to have a tactical approach to investing, with the ability to quickly adjust to changing conditions. Our models offer just such an approach. (more…)

Weekly Update

What the Bulls See

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Published July 2, 2021

Last week we brought you a global outlook from Schwab. This week, we bring a mid-year outlook published by Invesco, the company responsible for the Nasdaq 100 ETF (symbol: QQQ) that our models focus on. Needless to say, Invesco is very positive on the outlook. (more…)

Weekly Update

An Overview of the Economy and Markets

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Published May 28, 2021

This week we catch up with the folks at Schwab who provide a wide-ranging analysis on markets and the economy. Here is their latest work:

“As we move into the summer, the pace of economic growth remains robust, notwithstanding a weak April jobs report. Gross domestic product (GDP), although a lagging indicator, grew at an annualized quarter over quarter rate of 6.4% in the first quarter. That undercut economists’ consensus estimates slightly, but much of the drag was due to inventories—consumption was quite strong, growing at a 10.7% rate. (more…)

Weekly Update

April Often Shines on the Q

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Published April 2, 2021

This week’s market action reminds us that April is often a favorable month for investors, particularly for tech/consumer stocks. This week, those stocks look to have begun a rebound from their March rest period. Over the past 15 years, the Nasdaq 100 (QQQ) has posted a gain 80% of the time in April, making it the second most reliably strong month for this index. (more…)

Weekly Update

Markets Reflect the Coronavirus Impact

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Published October 30, 2020

Stock markets this week gave up their October rally effort, sinking back to roughly where they began the month. The lack of a government stimulus package took away some of the wind in the market’s sails. European economic restrictions, seeking to limit a resurgence of the coronavirus, took away the rest of that wind. Investors chose to reduce risk. (more…)

Uncategorized, Weekly Update

Is the Recent Rally on Shaky Ground?

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Published May 8, 2020

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The following recent commentary from Liz Ann Sonders at Charles Schwab highlights some of the issues associated with the recent rally. Here is Ms. Sonders’ analysis:

“The speed with which the U.S. stock market went from all-time highs to deep bear market territory broke all historical records. Then the rally that ensued was one of the fastest “new bull markets” ever in history; allowing the month of April to be the strongest since early-1987. Given the weaker start to the current month, expect to hear louder chants of “sell in May and go away.” (more…)