• Your Weekly Roadmap
Fri January 20

Good evening: Major market indices slipped slightly at the beginning of the shortened trading week, fell more sharply on Wednesday and Thursday in response to recession worries, and finished by rebounding on Friday. Investors worried that the Fed would overtighten in its inflation battle, despite...

Inflation backwardation is messing up the yield curve, hence the inverted curve not the economic Dim Mak (death touch) of 2006 or 2019
  • Your Weekly Roadmap
Fri January 13

Stocks Notch Best Week Since November As Nasdaq Winning Streak Extends to Six Days

Good evening: The markets opened strongly this week in hopes that Thursday’s CPI reading would be soft and convince the Fed that previous rounds of rate hikes had achieved the desired effect. The release met Street expectations, marking three consecutive months of downside reads. Yields dipped, with the 2-year falling...

  • Your Weekly Roadmap
Fri January 6

Markets Rise in Year's First Week Despite Continuing Worries About Economy

Good evening: Happy New Year! We hope your 2023 is off to a healthy and productive start.  Adam Gould, Head of Quantitative Research, opened our Thursday meeting in New York the same week he published his stock-rating model’s 2022 performance. It was an excellent year for quant funds across the...

  • Your Weekly Roadmap
Fri December 30, 2022

Stocks Close Out Worst Year Since 2008

Phew. Stocks ended a tough year in a dismal fashion. Just as they kicked off the year in January with a slide, markets sold off into the holiday week. In December, the S&P 500 fell more than 6%. During the long bull run since the March 2009 bottom, the S&P...

  • Your Weekly Roadmap
Fri December 23, 2022

S&P 500 Falls For 3rd Straight Week

 “The most important quality for an investor is temperament, not intellect. You need a temperament that neither derives great pleasure from being with the crowd or against the crowd.” – Warren Buffett Good evening: Markets closed down for the third consecutive week. But our Mark Newton, Head of Technical Strategy,...

  • Your Weekly Roadmap
Fri December 16, 2022

Stocks Decline for 2nd Straight Week Amid Recession Fears

Good evening, Stocks continue to sink, dragging markets further down for a second consecutive weekly loss. The S&P 500 closed Friday down 19.68% on the year, despite a CPI print Tuesday showing that inflation is cooling. Core CPI, which excluded the more volatile food and energy components, rose +0.2% month-over-month,...

  • Your Weekly Roadmap
Fri December 9, 2022

Markets End Lower Ahead of Fed Week, November CPI

Good evening, The chop continues ahead of two significant events on the year-end calendar: the November CPI report releases Tuesday, Dec. 13, and the Federal Reserve’s final meeting in 2022 is Wednesday, Dec. 14. An expected rate decision should dictate how markets end the turbulent year. Will we see a...

  • Your Weekly Roadmap
Fri December 2, 2022

Amidst a Backdrop of Other Developments, Powell’s Comments Spark a Good Week for Equities

Ordinarily, many investors would have been focused on the retail sector this week. If we consider Thanksgiving to be the official beginning to the holiday shopping season, this year saw a strong opening. Adobe Analytics reported record-breaking Thanksgiving Day online sales ($5.29 billion, up 2.9% YoY) and strong Black Friday...

  • Your Weekly Roadmap
Fri November 18, 2022

Markets Down for The Week on Tough Talk From Fed But Bounce on Friday

“Whenever you find yourself on the side of the majority, it is time to pause and reflect.”- Mark Twain There’s a lot of complex jargon and intimidating math associated with markets, as there should be. When someone’s managing many billions of dollars, obviously you’re going to attempt to get the...

  • Your Weekly Roadmap
Fri November 11, 2022

Markets Shrug Off Disappointment After Red Wave Fails to Materialize, Climb on Decelerated Inflation Numbers

We saw three major influences on the markets this week: the midterm elections, the weeklong drama around the collapse of cryptocurrency exchange FTX, and Thursday’s inflation-data releases. Ultimately, the market ended the week strongly. The SPX was up 5.88% for the week, the Nasdaq rose 7.78%, and Treasury yields fell,...

  • Your Weekly Roadmap
Fri November 4, 2022

Markets Rally Friday After Mixed Jobs Numbers, But Down on The Week After Hawkish FOMC Press Conference Prompt Rate Fears

Markets were down for the week after Wednesday’s FOMC meeting poured cold water on dovish hopes but rallied on Friday after mixed jobs data. Chairman Powell said that it was “premature” to consider a pause. Also, the Chairman specified he would prefer to overtighten, though he did not think they...