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Category: Market Insights

BMT Monday Market Insights – October 13, 2020

In this week’s Monday Market Insights, we cover the release of the recent Federal Reserve FOMC minutes, the ongoing fiscal stimulus discussions, and the gradually improving initial jobless claims data. In our Chart of the Week, we discuss the U.S. service sector. Finally, we highlight the recent steepening of the U.S. Treasury yield curve.

BMT Monday Market Insights – October 5, 2020

In this week’s narrative, we discuss the recent pullback in the market and President Trump contracting COVID, the chaotic presidential debate, along with the huge increase in September consumer confidence levels. We also review the substantial increase in COVID-19 virus testing capacity that will be forthcoming throughout this month. Finally, we detail the reasoning behind our belief that the market highs are likely in for this year, and any further move in the S&P 500 will come from earnings growth as opposed higher valuations.

BMT Monday Market Insights – September 28, 2020

In this week’s Monday Market Insights, we review the state of U.S. economic indicators, declining prospects for additional coronavirus aid before the election, and California’s decision to curtail the use of gasoline-powered cars. Our charts of the week examine the record levels of U.S. household net worth and the factors that have driven growth year-to-date. Finally, we question if the investment community focuses too much on elections.

BMT Monday Market Insights – September 21, 2020

In this week’s Monday Market Insights, we discuss the performance of technology stocks, our outlook for interest rates, and some recent indications that the economy remains fragile. Our chart of the week highlights that record corporate debt issuance has actually been accompanied by a decrease in interest expense. Finally, we explain why we don’t believe a major increase in inflation is right around the corner.

BMT Monday Market Insights – September 14, 2020

In this week’s Monday Market Insights, we discuss the spike in market volatility, the recent weakness in high-momentum growth stocks, and provide an update on the fixed income market. In our Chart of the Week, we examine the relationship between the National Federation of Independent Businesses (NFIB) Small Business Index and equity market performance. Finally, we examine the divergence in the performance of cyclical stocks.

BMT Monday Market Insights – September 8, 2020

In this week’s Monday Market Insights, we cover the ISM manufacturing data, the $3 trillion+ projected U.S. government deficit, and the improvement within the U.S. labor market. In our Chart of the Week, we discuss inflation expectations and monetary policy. Finally, we highlight the equity market and its recent performance.

BMT Monday Market Insights – August 31, 2020

In this week’s narrative, we discuss the conflicting signals from consumers, as confidence levels hit new lows for 2020 and new home sales surged to a 10-year high. We also review the biggest makeover of the Dow Jones Industrial Average since 2013. Finally, we provide an update on the FOMC’s stance related to inflation and the S&P 500’s predictive ability as it relates to the upcoming presidential election.

BMT Monday Market Insights – August 24, 2020

In this week’s Monday Market Insights, we discuss the market’s swift recovery, Apple Inc.’s entrance into the $2 trillion club, the Metropolitan Transportation Authority’s search for capital, and the Federal Reserve’s continued resolve to backstop markets. Our chart of the week looks at the record amount of corporate bond issuance to date and our outlook on the asset class. Finally, we discuss how strength in housing is positively impacting not only the overall economy, but also retailer earnings.

BMT Monday Market Insights – August 17, 2020

In this week’s Monday Market Insights, we highlight the recent outperformance of small cap stocks, the recovery in the labor market, while also explaining a recent IPO trend – Special Purpose Acquisition Companies (or SPACs). Our chart of the week examines the dispersion of stock market returns as the S&P 500 pushes toward new highs. Finally, we discuss presumptive Democratic presidential nominee Joe Biden’s selection of U.S. Sen. Kamala Harris as his running mate, while also looking at a historically critical economic variable when it comes to presidential election outcomes.

BMT Monday Market Insights – August 10, 2020

In this week’s Monday Market Insights, we articulate our thoughts about stocks closing in on all-time highs, discuss some recently released economic data, and provide an update on the third quarter earnings season. In our “Chart of the Week,” we illustrate the recent decline of the U.S. dollar, and potential investment ramifications going forward. Finally, we discuss the recent rise in gold prices and whether precious metals fit our investment criteria.

BMT Monday Market Insights – August 3, 2020

In this week’s Monday Market Insights, we provide an update on second quarter gross domestic product (GDP), the Federal Reserve Chairman’s thinking, and tech CEOs’ virtual trip to Washington, D.C. We also discuss the condition of the U.S. housing market and what we have seen so far during earnings season.

BMT Monday Market Insights – July 27, 2020

In this week’s Monday Market Insights, we discuss the outsized moves of certain technology-related stocks, and how that is impacting the degree of diversification that currently exists within the S&P 500 Index. We also comment on the actions within the EU to support their economies, and the recent change in the trend of the euro relative to the U.S. dollar.