We regularly update our clients as to what we're seeing in the markets and overall economy, as well as provide some basic portfolio changes and updates we are making. Stay tuned to learn more each week!
The pullback in equities occurred during a spike in Treasury yields last week, which is negative for growth stocks. Our indicators shifted to risk-off this week, and we positioned for upside in equal-weight SPY and value stocks.Read More
Our indicators are in in moderate risk-on mode and we remain overweight healthcare. The S&P 500 faces initial resistance around $4,800, which means short-term upside could be limited. Equity returns tend typically narrow in January.Read More
Key Takeaway Global markets did not rest easy during the U.S. Thanksgiving holiday last week. The S&P 500 declined nearly 4% from an all-time high around $4,700, while the CBOE Volatility Index (VIX) spiked to its highest level since...Read More
Key Takeaway November is typically a strong month for stocks. Therefore, we are positioned for seasonal upside in cyclical/value sectors based on historical returns. Consumer discretionary, transports, materials, and even clean energy...Read More
Key Takeaway Global equities staged an impressive rebound from key support levels last week. Our indicators shifted to risk-on, which allowed us to deploy cash into sectors/stocks with relative strength such as materials, financials,...Read More
Key Takeaway The U.S. high-yield corporate credit spread is widening, which typically precedes downturns in risk assets such as equities. While our technical studies have not signaled an immediate shift to cash, we are starting to...Read More
Key Takeaway The 10-year Treasury yield is holding support above 1.20% as extreme short positioning in bonds recede. Typically, rising yields create opportunities in banking stocks, which benefit from higher interest income. Value...Read More