The Money Runner
It’s hard to see the iceberg in calm waters
By David Nelson, CFA CMT Searching for the next catalyst the S&P 500 drifted higher last week. The surprise had to be 10-year yields hitting the lowest level in 3 months on the heels of another hot inflation signal from Wednesday’s CPI numbers. It begs the question what do bond investors see that equity investors […]
State of the Market
By David Nelson, CFA CMT All in Friday’s payroll numbers we’re just what was needed to offset the rising fear that the Fed was falling behind the curve. 559K was a little light and at that pace would take about 16 months for the 8 million still unemployed to return to work getting us back to […]
Tick Tock Tick Tock…
By David Nelson, CFA CMT On Wednesday last the release of FOMC minutes confirmed what investors and markets already know. The Taper Clock has started and the countdown to an inevitable tightening of monetary policy has begun. The sentence ‘ a number of participants suggested if the economy continued to make rapid progress towards the Committee’s goals, […]
Cracks in the Facade
By David Nelson, CFA CMT Last week may have ended on a high note but visible cracks in the market façade weighed on investor sentiment. Inflation expectations took center stage as both headline CPI and PPI releases came in well above expectations prompting a modest flight from risk assets. Stocks recovered on both Thursday and […]
CYBER WAR!
By David Nelson, CFA CMT On the heels of another cyber-attack this weekend, Cyber Monday takes on a whole new meaning. Colonial Pipeline Company with a 5500-mile network of infrastructure extending from Linden, NJ to Houston was hit by a ransomware attack. With 45% of gasoline and diesel for the east coast transported by Colonial […]
Buy the Dip?
David joins Fox Business anchor Charles Payne to weigh in on the economy and recent price action in the market.
5 Years, 5 Months or just 5 Days
By David Nelson, CFA CMT With 2021 setting up to be another record year for equity investors it’s not surprising to see headlines like this weekend’s Wall Street Journal article Americans Can’t Get Enough of Stocks. Year to date every sector is in the green with Energy on top and Consumer Staples bringing up the […]
Hottest in 37 Years!
By David Nelson, CFA CMT Most investors have never seen economic data this hot. Wednesday’s ISM Manufacturing coming in at 64.7 is the highest in 37 years. GDP Consensus for 2021 is close to 6% with some economists as high as 8%. Add the fact that Friday’s non-farm payrolls coming in at 916K was well […]
