The Money Runner
Value Stocks are Killing Your Performance
By David Nelson, CFA In a shortened holiday week U.S. large caps managed to put in their first positive performance in the last four despite the Friday launch of $34 Billion in tariffs on China with a reciprocal move by Beijing. The strongest performance came on Friday just hours after both sides pulled the trigger […]
What keeps me up at night
By David Nelson, CFA Increased volatility and reversion to the mean have played a big role in 2018. Despite concerns surrounding trade and struggling international markets abroad, indices attached to U.S. equity have largely held up. Never the less, a number of red flags keep popping up forcing equity managers to at least ask the […]
Emerging Market Contagion Could Reach Our Shores
By David Nelson, CFA Risk assets put in a strong showing last week despite rising concerns over trade. Going into the G7 Summit, tensions were high and with the President rejecting a joint communique on the heels of a harshly worded statement from Trudeau, it’s a dynamic that isn’t likely to end soon. They only […]
IT’S NOT THE ECONOMY STUPID!
By David Nelson, CFA If markets were focused on the U.S. economy, we would have already broken out to new highs. Friday’s employment report along with other economic data confirms the U.S. economy is on solid footing. So much so the Atlanta Fed is boosting GDP for the quarter up to 4.7%. Geo-political headlines dominate […]
Time to Buy Oil Stocks?
By David Nelson, CFA After a stunning near 60% rally in crude, end of first quarter data suggests mutual funds decided it’s time to overweight oil stocks. That alone should make any oil bull nervous. It’s not just technology and FANG stocks where momentum traders live. Apparently they are alive and well in the oil […]
“We’re putting the trade war on hold!”
By David Nelson, CFA “We’re putting the trade war on hold.” The statement from Secretary of Treasury Steve Mnuchin over the weekend sent futures up sharply late Sunday. Markets seem to be rejoicing that tensions between the U.S. and China have eased and the prospect of tariffs on both sides has been diminished. Of course, […]
The Elephant in the Room
By David Nelson, CFA With earnings in the rear-view mirror what will be the next catalyst to drive returns? Last week’s performance was the best since March and for you stock chart jockeys a breakout above the descending trend line drawn from the highs of January. All in, the earnings season was about as good […]
Stock Market Purgatory – Living Between Heaven & Hell
By David Nelson, CFA Caught in a world between Heaven and Hell investors have struggled with a market that’s always a headline or tweet away from a 500-point down day. As simple as it sounds, heaven is defined as the S&P 500 breaking above the downtrend drawn from the all-time high of 2873. For the […]
