Category Archives: Investment Management

July 15

BREAKING NEWS!

By David Nelson, CFA In the face of an endless wave of BREAKING NEWS banner headlines, U.S. markets put in a strong week adding to July gains. Closing at levels near resistance, stocks are within ear shot of challenging the highs earlier this year. The threatened tariffs on an additional $200 Billion in Chinese imports […]

July 09

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 […]

June 25

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 […]

June 11

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 […]

June 03

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 […]

May 29

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 […]

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 […]