Category Archives: Market Insights

Market Commentary – October 2020

In October, equities saw increased volatility due to the looming U.S. presidential election and a sudden rise in COVID-19 infections. With only one day left until the U.S. presidential election, many market participants will be glad to have this event in the rear-view mirror. The media has spent the last few years building up the […]

Market Commentary – September 2020

In September equities finally took a breather after reaching all-time highs earlier in the month. As many were expecting, tech stocks led the decline as they have moved significantly higher over the past six months. We view this as a normal market correction and expect stocks to retest their early September highs. Going forward, the […]

Market Commentary – August 2020

August was yet another strong month for equities as investors continued to rotate into the asset class from cash and fixed income. Despite the continued uncertainty from COVID-19 and a looming presidential election, a major policy announcement from the Federal Reserve opened the door for stocks to continue their run higher during the month. On […]

Market Commentary – July 2020

U.S. equities continued to move higher in July despite rapidly rising COVID-19 infections across the country. On July 16th, daily reported COVID-19 cases hit an all-time high of 77,255. Our view is that stocks can continue higher in the face of rising cases of COVID-19, provided mass lockdowns are not reinstated. We believe that small […]

Market Commentary – February 2020

February marked one of the most rapid corrections for U.S. stocks in recent history. In early January, we alluded to the strong possibility of a 10-15% correction in the first quarter of 2020. With this correction now underway, we believe buying opportunities will present themselves as markets move lower. While we were relatively unfazed by […]

Market Commentary – October 2019

U.S. stocks continued their trek higher in October, which was fueled by better than expected corporate earnings, traction with China on a trade deal, and an additional interest rate cut by the Fed. Many market pundits had expected third quarter corporate earnings to take a hit from trade-related headwinds, but in fact close to three […]

Market Commentary – September 2019

In September, U.S. stocks rose for a seventh month this year, which was driven by improving investor sentiment on the heels of yet another Fed rate cut. As many market observers expected, the Fed cut interest rates by another quarter point on September 18th. Given the trickle of weakening economic data being released, we believe […]

Market Commentary – August 2019

In August, U.S. stocks posted their second monthly decline of 2019 with major averages down approximately 2%. The volatility in August was primarily driven by the trade war with China spiraling into a tit-for-tat exchange. Following President Trump’s August 1st announcement of additional tariffs on Chinese goods, the Chinese countered with a fresh round of […]

Market Commentary – July 2019

U.S. stocks notched their sixth monthly gain for the year in July. Better than expected corporate earnings from many companies helped to push markets to record highs during the month. Additionally, the expectation of an interest rate cut by the Federal Reserve materialized on July 31st with Fed Chairman Jerome Powell announcing a 0.25% interest […]

Market Commentary – March 2019

U.S. stocks continued their run higher during March to cap off the best quarterly performance for equities in the last decade. While economic data continues to be mixed, U.S. consumer sentiment showed significant improvement in March. Consumer spending comprises almost 70% of the U.S. economy and therefore is crucial to sustained economic growth. We continue […]

Market Commentary – January 2019

U.S. stocks jumped sharply in January after hitting a 12-month low on December 24th. Fears of an imminent recession and protracted trade war with China were severely overblown and this pullback in equity markets provided a unique buying opportunity. Corporate earnings reports in January were also not nearly as bad as many had predicted. While […]