There is a little rotation back to the growth stocks from value recently. Perhaps the Nasdaq has underperformed by too much lately and we are just seeing a temporary move back to growth from value. Market in a Minute 2021-4-13
Read BlogWe thought we would list out the key drivers of the market as we see it and the trends in front of us. The most important factors are always earnings, the value you are paying for those earnings, which is driven off the outlook for interest rates, primarily the 10-year Treasury Note, and monetary policy. Market in a Minute 2021-4-6
Read BlogLast week, a hedge fund company named Archegos Capital Management caused a significant disruption in the market, which caused many other stocks to decline as the major banks that lent money to Archegos were hit with massive losses. Market in a Minute 2021-3-30
Read BlogWe continue to see the rotation into the cyclical or reopening theme with the value stocks being strong performers. There are a few obvious issues the market is focused on, interest rates, economic outlook for 2022, Federal Reserve policy, policies out of Washington D.C., specifically the potential of a tax increase and an infrastructure bill. Market in a Minute 2021-3-16
Read BlogLast week was a really tough week for the market, but you would not really know it by looking at the weekly percentage change of the indices. During the week, the S&P 500 was down nearly -5%, but actually had a gain by the end of the week. Market in a Minute 2021-3-9
Read BlogThe issues or opportunities for the market, as we see them, perhaps the most important concern is higher inflation along with higher interest rates, the rotation out of technology, a non-relief Covid bill for $1.9 trillion (political risk), and the roll out of JNJ’s vaccine. Market in a Minute 2021-3-2
Read BlogLast week, we discussed inflation accelerating as a result of all the money the government is printing. The difficulty is how to play this theme. Before we discuss a potential investment idea, first the macro of what is new. Market in a Minute 2021-2-23
Read BlogThe textbooks tell us if you print money excessively inflation picks up, causing the economy to stagnate when interest rates rise, while financial assets fall in value and hard assets perform strongly. Market in a Minute 2021-2-16
Read BlogThe markets are now hitting a short-term overbought condition from being oversold about 10 days ago. That is a very quick recovery, we did expect it to occur but not this fast. Market in a Minute 2021-2-9
Read BlogWe like to focus on earnings, the growth of earnings and valuations, real fundamental issues, however, there have been so many other factors that are coming into play and could have significant consequences for the market. Market in a Minute 2021-2-2
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