A Little Rotation
May 26, 2020For the first time since March, the S&P 500 traded above 3,000 today. However, it wasn't able to hold on and closed at 2.992. Like the start of last week, we saw a little rotation in the market. The technology led NASDAQ traded in the red for most of the...
S&P 500 stuck at 3,000
May 22, 2020The stock market bottomed on March 23rd and had a strong April to break the bear market downtrend. May has been more difficult for the market and the S&P500 appears stuck trying to break through 3,000. Growth stocks have led the rally higher. In fact, the majority of the move...
Up 30% since low
May 1, 2020The S&P 500 is up 30% since it's March low. Tech stocks led the market higher, but look a bit rich now. Short-term other sectors look more appealing. With the Fed offering it's full support, risk is diminished but not absent. Still best to be selective with what you buy...
What a great year for stocks.
January 16, 20202019 was a great year for stocks. The S&P 500 was up 31.5%. Trade negotiations fueled market ups and downs mid-year but the year ended with the Federal Reserve stepping in to buy bonds and the news of a deal with China fueling a big rally. 2020 has started off...
What’s next for the market?
June 24, 2019May was a big downer for the market, but June, so far, has been moving along fine, and the market has regained much of its lost ground. So what’s in store for the last couple of weeks this month? The remainder of the month will unfold at least two big...
Big Tech Under the Microscope
June 24, 2019FANG stocks have lead the bull market higher for the past 10 years. Today it was announced that the Federal Trade Commission is investigating Facebook, Inc and Amazon.com while the Department of Justice is probing Google parent Alphabet, Inc as well as Apple, Inc for potential antitrust violations. Although, this...
How were Earnings in Q1?
June 24, 2019Earnings season for the first quarter of 2019 is almost finished. Over 90% of companies have reported. According to FactSet, 76% of those reporting have beat their target EPS estimate. This is a better beat % than the historic average of 72%. However, what’s insightful is that FactSet also reported...
Think Long Term about Estate Tax Issues
June 24, 2019A mistake some make when conducting their estate planning is to only consider what they have today. Retirement is hopefully a long time and your needs may change over time and your wealth might grow more then you think. Even if today you have less then the current 11.4 million...
Mid Quarter Market Update
June 24, 2019Markets started the quarter with a strong move up, but retreated when a resolution to the US/China trade conflict was delayed. We believe trade negotiations will be settled sometime this summer. Year-to-date, the S&P 500 is up about 15%. The technology sector leads the way (up 23%) and healthcare lagging...
The Good and The Bad This Earnings Season
June 24, 2019Increased costs from Chinese tariffs were frequently mentioned in fourth quarter earnings conference calls. Analyst water downed their earnings estimates as a result. During first quarter earnings announcements most companies have reported beating these watered down earnings estimates. The good news is they beat. The bad news is the bar...