Category Archives: Investment Management

May 21

“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, […]

May 13

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 […]

May 07

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 […]

April 30

The Wall

By David Nelson, CFA Most of the metrics for the current economic outlook have been everything we hoped for. Consumer Confidence, housing and even Friday’s durable goods orders were strong on the heels of strong aircraft sales. By some measures, CAPEX or capital expenditures are finally making it into the mix. Bloomberg points to early […]

April 23

Stocks didn’t get the memo

By David Nelson, CFA On the heels of a market friendly tax cut, record corporate earnings and a chorus of talking heads including yours truly predicting another year of rising stock prices, only one thing is missing. Stocks didn’t get the memo. With the exception of some standout stars like Netflix (NFLX) and others with […]

April 08

Does China deserve “developing” nation status in the World Trade Organization?

David Nelson, CFA With the Chicago Board Options Exchange SPX Volatility Index (VIX) living above 20 for more than 2 months I think it’s safe to say the glory days of low volatility and a market that seemed to know only one direction up; are a memory. While the fundamental underpinnings of the economy are […]

April 01

March Madness

By David Nelson, CFA March Madness went well beyond the basketball court this season, hitting equity markets forcing some investors to the side lines. The roller coaster ride on and off the courts kept investors on edge wondering if the market would fold like the #1 seed Virginia.  For the moment, it looks like a […]

March 25

Facebook & China – The BNN Interview

David joins BNN host Jon Ehrilichman to discuss the latest news on Facebook, China tariffs and the market reaction.  

March 04

Trade War – What if your opponent doesn’t blink?

By David Nelson, CFA Two torpedoes slammed into the side of the U.S.S. Market last week. The first was launched by Fed Chair Powell during his inaugural testimony in front of the House Financial Services committee. Traders were quick to translate his remarks into a more aggressive Fed likely to push through 4 rate hikes […]

March 01

Powell Hints 4 Hikes – I Say 3 – Here’s Why

By David Nelson, CFA In a stunning comeback after more than a year of hibernation volatility returned to markets as February ended a 10 month winning streak reminding investors stocks don’t move in just one direction. There’s a lot of data we can point to as the catalyst but #1 with a bullet has to […]