The Money Runner
3 Challenges for Investors
David Nelson, CFA The market put in a strong month on the heels of a good earnings season along with strong economic data supporting the recent move. Investors have 3 hurdles to cross between now and year’s end. Justice Department – Just how far does the indictment of Paul Manafort and the guilty plea of […]
How far will the markets fall without tax reform?
By David Nelson, CFA It’s not theory anymore. U.S. markets are clearly pricing in some level of tax reform. The tenor of the markets changed in early September when tax reform made its way back into the news cycle. Financials ,along with tech and materials have led the way during the latest surge. Friday ended […]
Stock Market Crash October 1929, October 1987, October 20??
By David Nelson, CFA With the 30th anniversary of the 1987 stock market crash just around the corner, Thursday to be exact, it will be hard to not reflect on a day that saw the DOW fall a staggering 22.6% in a single session. Many of us weren’t even trading the market in 87. As […]
Two Things Driving Markets to All-Time Highs
By David Nelson, CFA For most of the last 18 months it’s paid to be tilted toward the reflation trade with overweights’ in financials, tech and industrials. As tax reform made its way back into the news cycle yields started to return to the upper end of the trading range and despite a legislative goose […]
What if Tax Reform Doesn’t Pass?
By David Nelson, CFA Markets are beginning to price in the potential for tax reform and in particular some level of repatriation of corporate cash held offshore. Therein lies the opportunity and of course the danger. Stocks are discounting system and in today’s machine trading, fast paced algo driven markets, stocks will likely hit targets […]
Fed Trek – The Great Unwind
By David Nelson, CFA [These are the voyages of the Federal Reserve. Its five-year mission: to unwind a massive balance sheet, to seek out inflation and low unemployment, to boldly go where no man has gone before.] There was no shortage of news last week as the S&P 500 closed at another all-time high. Kim […]
Let the Good Times Roll?
By David Nelson, CFA After a hiccup in August markets have fought off every challenge. From nukes to hurricanes investors have stepped in pushing benchmarks to all-time highs. Given year to date performance throughout the world, geosynchronous growth is an understatement. With the exception of Canada, nearly every market in the world is up in […]
Clear Skies or Eye of the Storm
Irma – Eye of the Storm By David Nelson, CFA Investors have been forced to accept sloppy performance from U.S. equities over the last few weeks. While positive on a trailing 1 month basis rallies have given way to quick pullbacks as momentum fades. We’ve had no shortage of bad news as investors cope with […]
