Another week, another record high for the S&P 500 (SPX). This makes 20 record highs already in 2021. While it may seem as if the benchmark index has gone up in a straight line, active portfolio managers know that has not been the case, with 2 consolidation periods of greater than 4% taking place over…...
Thank you for joining us for this week’s State of the Market. My voice is back, to a greater degree at least! In this week’s SOTM we take a look at how the market rotations are affecting the strength and weakness of year-to-date trends. In 2021, investors will need to adapt to a less speculative…...
Weekly Warm-up: More on The Mid Cycle Transition to Quality; Staples over Discretionary Last week we argued for a faster transition to mid cycle dynamics which means it’s time to upgrade the quality in one’s portfolio. One sector shift that makes sense is Discretionary to Staples which received a lot of pushback. Today, we defend…...
Research Report Excerpt #1 The typical April return has been good, but not great. Over the past 10 years, April has been only the eighth-strongest month of the year, with a 0.9% median SPX return. Since 1991, though, the median April return has been 1.3%—the fifth-best month of the year:1 Research Report Excerpt #2…
The S&P 500 (SPX) bottomed in March of 2009 at 666, the Devil’s Bottom as it has become known. As of this past week’s record closing high, the S&P 500 stands close to 4,020. That’s a gain of more than 500%, and if we include dividends, it’s now up more than 660% from the March…...
Welcome to this week’s State of the Markets. This week’s episode will hope to find a video recording, but presently I am without my voice. That may please some of you ;-). I am hoping to have my voice back soon as it has improved today. With that being said and our apologies, when the…...
A hotter but shorter economic cycle has implications for asset allocation as well as equity portfolio construction. In the near term, it means we are likely to move out of the early cycle leadership toward mid-cycle which comes with a move up the quality curve, too. Running with the Bulls. At this point, the bullish…...
2021 started out like a continuation of 2020 with tech ripping higher and everything else lagging in the US Equity markets, but as I’m sure you are well aware, the last month (plus) has been anything but. Below are the year to date returns for Russell, S&P500, Dow and Nasdaq. YTD Returns respectively $IWM 12.52%…...
Research Report Insight #1 Good stuff Edward and I urge our readers to review what Edward offered about TIME/DURATION and pair it with the following data: We’ve been chatting up the Facebook (FB) chart with Finom Group members in the Trading Room over the past couple of weeks. I’ve posted several charts recently on Twitter,…
Everyday I read The Chart Report. It’s a mixture of charts and thoughtful quotes for what I find to be “useful information”. And believe it or not, sometimes it’s not just relatable to markets, but to our every day lives. Here is a quote published in The Chart Report that I tend to think delivers…...
