Welcome to this week’s State of the Markets with Wayne Nelson and Seth Golden. Please click the following link to review the SOTM video. We are achieving the turning point in the COVID-19 saga as the peak of the epidemic curve has been expressed this past week. Coincidentally, the markets’ relief rally compounded this week with key levels achieved as the…
The rally and close above 2,700 that never was, at least that is probably the best way to describe the S&P 500’s (SPX) action on Tuesday. The benchmark index was up more than 3% (HOD 2,756) at one point Wednesday, but it finished in the red and down by .16 percent. It was the 7th…
There are many things that we know about markets. Probably the most basic and understood truism of the markets is that they have a propensity to price in future expectations, they are forward-looking discount mechanisms. In other words, the changing daily price action is not usually about what is in the media today or even…
BY THE REAL HEISENBERG APRIL 5, 2020 Over the course of the last three months, the world was reminded that when it comes to outbreaks (and especially epidemics and pandemics), it’s nearly impossible to “stay on top of things”, as it were. Due to the myriad cognitive limitations inherent in being human, as well as the…
US Equity Strategy Style Positioning, Value Squeeze, Winner Takes All Rising odds of a sharp Value squeeze in the near-term; however, medium- to long- term setup remains highly favorable for Large Cap, Secular Growth and Low Vol stocks. Growth versus Value is yet again becoming a highly debated topic among investors. Going into 2020, Value…...
Goldman Sachs: The article below is from our BRIEFINGS newsletter of 31 March 2020 More than two months after imposing quarantines to battle the COVID-19 epidemic, China is on the economic road to recovery. Shao Ping Guan, head of the China Equity team and lead portfolio manager of Goldman Sachs Asset Management’s China Equity strategies, shared…
After a strong relief rally, the S&P 500 (SPX) once again suffered from selling pressure and ended in the red for the week. The benchmark index fell 2.08% on the week and is down 22.97% year-to-date. By and large, this was to be expected and largely what we presumed the most likely outcome for the…...
Howard Stanley Marks (born April 23, 1946) is an American investor and writer. He is the co-founder and co-chairman of Oaktree Capital Management, the largest investor in distressed securities worldwide. In 2019, with a net worth of $2.2 billion, Marks was ranked 370th on the Forbes 400 rankings of the wealthiest Americans. Marks is admired in the investment community for his…
Welcome to this week’s State of the Markets with Wayne Nelson and Seth Golden. Please click the following link to review the SOTM video. COVID-19 continues to plague markets and has taken the economy as a prisoner until further notice, with society practicing social distancing. Equity markets have expressed a relief rally off of capitulatory lows in late-March and have since…...
On Tuesday the situation in Italy consolidated with growth in net active cases for Italy as a whole staying low at 3% (Monday 2%). Despite this we expect the recovery to strengthen significantly over the coming days, which should bring Italy to a peak this week. In Germany, as anticipated, net active cases returned to…...
