Tag

earnings
The Huge Cost of Trying to Time the Market and Favorable Election-Year DynamicsToday I saw an interesting statistic that I wanted to share with you.  If you sold stocks at the bottom of each 10% selloff, and then bought back 10 days later, you’d miss out on over 2/3rds of the gains since 2002.  This...
Read More
Today the Federal Reserve raised the Federal Funds rate by the expected 75 basis points.  We haven’t seen rate hikes like this in several decades, so it continues to rattle both equity and fixed income markets.  Major equity markets were down nearly 2% today, following several weeks of losses.  The Fed is talking a tough...
Read More
Today’s higher than expected August CPI report, rattled the market dramatically, causing the Nasdaq to drop by 5.2%, the S&P 500 by 4.3%, and the Dow to drop by 4%.  This was the biggest down day since June of 2020 and the 8th daily decline of greater than 3% on the year.  The recent decline...
Read More
Last week we wrote to you about when to expect bear markets to end and we touched on the first day of big bank earnings.  Well, since then we’ve gotten earnings reports from Citigroup, Bank of America, Wells Fargo, Morgan Stanley, Goldman Sachs, and Ally Financial.  These companies have access to an enormous amount of...
Read More
When you are in the midst of a bear market, all the news is bad.  You are usually either in or about to be in a recession. Analysts that kept telling you to buy stocks at 50% higher prices, now tell you to sell the same stocks despite them being dramatically cheaper.  Economic data gets...
Read More
The Russia/Ukraine spat has definitely heated up with Russia formally recognizing the two provinces in Eastern Ukraine that it already had informal control over.  Obviously things are fluid and can always devolve further, but markets seems to be pricing in a decent amount of this risk currently.  Energy and commodities seem like the biggest beneficiary...
Read More
We are beginning to see a bit of increasing volatility in equity markets arise, as concerns around Covid-19 and the Delta variant have caused increases in positive test results and restrictions, albeit on a far smaller basis than what occurred last year.  We’ve been writing about the market getting a bit ahead of itself for...
Read More
Earnings season has begun and thus far almost every one of the banks that have reported have beaten their earnings estimates.  The stock prices haven’t yet reflected the improving metrics, but over time prices follow business fundamentals, so there will be convergence.  ALLY Financial posted an absolutely sensational quarter this morning with record earnings and...
Read More
Volatility is picking up once again, which we should expect given the extreme conditions the world is seeing.  Yesterday, the Federal Reserve chair said that interest rates were likely to stay near zero through at least the next year or so.  I don’t see that as surprising whatsoever, given the focus will be on reducing...
Read More
2020 has certainly been a tragedy of epic proportions on just about any level imaginable.  There is no sugarcoating that.  When you have tens of thousands of people dying from a new virus, and economies shut down across the world, it is tough to feel cheery, especially when you sprinkle in record unemployment.  The stock...
Read More
1 2 3 4

Recent Comments

    7242 East Cortez Rd
    Scottsdale, AZ 85260
    Phone: 805-886-8140
    Fax : 949-335-9784