What did the stock market do last week as the Economic Uncertainty Index hit an all-time high? Rally more than 12% of course! Signs of a plateau in the outbreak of the COVID-19 virus both here and around the world were the primary drivers of last week’s gains...
The coronavirus is a rare ‘black-swan’ event – an event that is unexpected and unknowable. It was the match that ignited the market tinderbox. The richly valued market was priced to perfection with expectations for another good year in 2020. Those expectations came...
We are only halfway through February, but so far 2020 looks like a repeat of 2019. How so? Large caps are outperforming small caps, growth is outperforming value, tech is the best performing sector, and the U.S. is outperforming international (for about ten years...
Sentiment affects valuations: Last year’s big rise in the S&P 500 was sparked more by optimism and rising sentiment (which resulted in higher P/Es) than earnings growth. Can we get another strong year of stock market performance based on rising sentiment? ...
During this holiday season, we want to take this opportunity to express our sincere appreciation to all of our clients and friends. We cherish every relationship and are thinking of you with gratitude. We wish you and your loved ones a very Merry Christmas and Happy...
Third quarter earnings: Usually when the analyst expectations bar is set low for earnings season, the S&P 500 sees a positive performance during earnings season. Conversely, when the bar is set high into earnings season, the market has struggled during the...
