Category Archives: Investment Management

November 04

Situation Normal

By David Nelson, CFA CMT The S&P 500 ended the week at another all-time with the Dow close behind. While small caps lag their big brothers and sisters even the Russell 2000 showed signs of life last week. Friday’s non-farm payrolls came in well better than the 89k expected especially considering the GM strike that […]

October 21

The biggest risk for stocks isn’t what you think

By David Nelson, CFA CEO and Consumer Confidence are polar opposites while Brexit chaos continues. The House marches toward Impeachment and China drags their feet on meaningful trade reforms. Earnings estimates have been falling for a year and corporate debt vs income is approaching financial crisis levels. What could possibly go wrong? S&P 500 1 […]

September 02

Communication Breakdown

Get Ready for Communication Breakdown Wednesday! – Wave of Fed Heads set to speak in St. Louis – $SPY $TLT #FED

August 19

Bonds in a Bubble

By David Nelson, CFA CMT On the heels of an 800-point plunge in the DOW Wednesday, stocks regained their footing closing out the week on a positive note. Friday’s bounce helped us enjoy the weekend but not enough to wash away some of the negative headlines that hang over the market like a dark cloud. […]

August 05

Fighting the War on Two Fronts

By David Nelson, CFA CMT Generals will tell you that fighting a war on two fronts is difficult at best and produces a unique set of challenges. Germany learned this lesson during World War I fighting the French, British and later American forces on the Western Front while confronting the Russians to the East. The […]

July 21

Wall of Worry is 21 Miles Wide

By David Nelson, CFA CMT With tensions rising in the Middle East investors are increasingly focused on a waterway only 21 nautical miles wide halfway around the world. The Strait of Hormuz sits strategically between the Gulf of Oman and the Persian Gulf where most estimates point to 1/3 of the world’s sea-borne oil passing […]

July 15

Earnings, we don’t need no stinking earnings

By David Nelson, CFA CMT Stocks ended the week at another all-time high in front of an earnings season that even bulls concede will be challenged. The current script pits analysts who continue to cut numbers with traders and investors chanting, “earnings, we don’t need no stinking earnings.”  Of course, most companies will report headline […]

July 01

Where’s the Beef?

By David Nelson, CFA CMT June was a monster month on the heels of a disappointing May that drove many investors to the sidelines including a few Wall Street legends. Hedge Fund star Stanley Druckenmiller announced he had dumped most of his exposure to stocks shortly after a May 5th tweet from President Trump, raising […]

June 17

600 CEOs Demand End to the Trade War

By David Nelson, CFA CMT Hostage to a news cycle that never ends, investors are forced to digest an endless wave of geo-political events unfolding on nearly every corner of the planet. From an attack in the Gulf of Oman  to the riots in Hong Kong, every story seems to add another brick to the […]

June 10

‘It’s deja vu all over again’

By David Nelson, CFA CMT In the immortal words of Yankee great Yogi Berra; ‘it’s deja vu all over again.’ Once again bad news is good news as traders jumped all over Friday’s weak employment report, firm in the belief that the Fed will respond with its first rate cut since the depths of the […]