In this week’s Monday Market Insights, we review key takeaways from the most recent Fed meeting, highlight the potential for increased regulatory scrutiny of large tech companies, and cover some recent equity market trends. In our Chart of the Week, we examine the recent pickup in stock buybacks by corporations and highlight the attractive shareholder yield levels in comparison to interest rate levels. Finally, in the Commentary section, we mention the recent improvement of investment results for active managers.
In this week’s Market Insights, we cover the Federal Reserve’s Secondary Market Corporate Credit Facility and its portfolio liquidations, the potential for German Bund yields to trend higher this year, and the likelihood of tapering discussions at this week’s FOMC meeting. In our Chart of the Week, we discuss the record number of job openings in the U.S. and factors that may be keeping potential applicants on the sidelines. Finally, we highlight the recent decline in the effective federal funds rate.
In this week’s Monday Market Insights, we discuss oil prices, last week’s jobs report, and the fundamental disconnect of “Meme” stocks. Our Chart of the Week provides a look at past stock market corrections. Finally, we discuss the trends of the U.S. dollar throughout the past decade.
In this week’s Monday Market Insights, we discuss implications of a mask-less society, the consumer closet re-stock, and an update on the performance of SPACs. Our Chart of the Week highlights inflation trends outside the U.S. as well as what we heard throughout the earnings season. Finally, we look at what the Ford Motor Company’s electric pickup truck could mean for the industry.
In this week’s Monday Market Insights, we discuss the recent sell-off in many 2020 darlings, the higher- than-expected inflation readings last week, and our current view on interest rates. In the chart of the week, we look at the price volatility of Bitcoin and highlight what we think that means for the average crypto-interested investor. We end with a discussion of the stock market’s current complexion, specifically the idea that very clear winners and losers have emerged.
In this week’s Monday Market Insights, we highlight the continued recovery in corporate earnings, reveal some noteworthy equity market signals as interest rates have trended lower more recently, and provide some thoughts about recently released economic data. In our Chart of the Week, we examine the decline in U.S. COVID-19 cases in relation to the relative returns for domestic and international equities. Finally, in the Commentary section, we address concerns some investors may have regarding equity margin debt levels.
In this week’s Monday Market Insights, we discuss President Biden’s address to Congress, more robust economic data, and a Federal Reserve still on hold. Our Chart of the Week highlights the trend of earnings expectations and valuations. Finally, we look at how the Real Estate sector could face little impact from a hike in corporate taxes.
In this week’s Market Insights, we cover the modest decline in bond yields to start the second quarter, the record bond issuance by individual financial issuers, and the increasing price of lumber. In our Chart of the Week, we discuss the Federal Reserve’s balance sheet and its impact on real yields. Finally, we highlight U.S. employment and the current health of the labor market.
In this week’s Monday Market Insights, we discuss the pause to Johnson & Johnson’s (J&J) vaccine, the recent uptick in inflation, and how bond positioning has become extreme. Our Charts of the Week illustrate the stark difference in the stimulus from recent and proposed legislation. Finally, we look at how the Hospitality sector is trending as U.S. vaccinations continue.
If you close your eyes, it probably doesn’t take much effort to recall the emotions you felt in March 2020 – confusion, anger, fear, to name a few. As we pass the first anniversary of the COVID-19 market low, you may find yourself on the opposite end of the emotional spectrum – hope, optimism, and the fear of missing out have taken center stage. All it took was the quickest 30% decline in the history of the S&P 500 (22 days – with the runners up all having occurred in and around the Great Depression), followed by a 78% rally over the next 12-months to take investors from optimism, to complete despair, to non-fungible digital tokens selling for $70 million. What a ride.
In this week’s Monday Market Insights, we discuss the breadth of the current market advance, our expectations for higher earnings, and the implications of President Biden’s tax agenda. In the chart of the week we look at the changing dynamics of “momentum,” and how that will serve as a further headwind for the technology sector. We end with more discussion on the valuation differential between growth and value stocks.
In this week’s Monday Market Insights, we highlight the recent decline in long-term interest rates from peak levels, provide an overview of the Biden Administration’s recently announced spending plan, and discuss why we think the economic environment will continue to benefit cyclical sectors. In our Chart of the Week, we examine the market prospects during the second year following a rapid rise in stock prices. Finally, in the Commentary section, we address the topic of investor stock concentration.