coronavirus

Weekly Update

Investors Nibble on Value Stocks


Published November 13, 2020

Markets this week delivered another burst of buying to the long-lagging value sectors of the market, notably the finance and energy sectors. The buying came on positive test results from a coronavirus vaccine. (more…)

Weekly Update

Markets Reflect the Coronavirus Impact


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…)

Weekly Update

New Hurdles Emerge for Stocks


Published September 25, 2020

After a summer spent surging higher on economy re-openings and optimism for growth, stocks have entered a typical September slump. While we could just chalk it up to typical pre-election caution, there are fundamental factors that have emerged to challenge the market perhaps more seriously than usual. (more…)

Weekly Update

A Case for International Markets


Published August 28, 2020

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The article below from Delta Investment points to the gathering economic and market strength internationally. As noted before, a broader market is a stronger market. The more sectors and markets participate in the market’s rise, the better. For now, our favored Nasdaq index (QQQ) continues to lead the way, powered by the FANGMA trade. (more…)

Uncategorized, Weekly Update

The Stock Market Adds New Fuel to the Rally


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Published July 24, 2020

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We have mentioned recently the need for the stock market to expand its participation if the rally was to continue.  Over the past couple of weeks this appears to be happening.  See below a variety of sectors outside the usual FANGMA* tech/consumer complex that have been showing strength.  This rotation is what fuels longer-term stock market rallies.

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Uncategorized, Weekly Update

The Fed gets bigger


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Published April 20, 2020

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Today’s front page of the Wall Street Journal carries the following stories: Jobless claims top an “unprecedented” 17 million, Fed unleashes its broadest ever array of programs, Coronavirus creates a “mountain of debt”, Saudis and Russia agree to oil production cut.  Those four topics encapsulate what markets have been wrestling with over the past month, and going forward.  We will undoubtedly spend more time in coming weeks on most of those.  This week, we are focused on the dramatically expanded role of the Federal Reserve.
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Uncategorized, Weekly Update

The Coming Recession


Published March 13, 2020

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This week the stock market made it crystal clear that it is fully expecting a recession in the coming months. Markets have delivered the second fastest decline in history, second only to a drop during the Great Depression. (more…)

Uncategorized, Weekly Update

The Market’s Narrative Goes ‘Pop’


Published March 6, 2020

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The stock market runs on narratives. The story of the 4th quarter was one of a Fed on hold while corporate earnings recovered and the trade tiff with China was mostly cleared up. Stocks pushed higher on that story until mid-January. The coronavirus upended the notion of a global economic recovery but initially had little impact on U.S. markets. (more…)

Uncategorized, Weekly Update

The Fear Trade


Published February 28, 2020

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The old market adage that stocks take the stairs up and an elevator down was on full display this week. After months of marching ever-higher, with investors becoming more and more complacent about ANY risk, stocks finally found something to be truly concerned about. (more…)