By David Nelson, CFA CMT September all but wiped out the strong start to Q3 with both the Dow and NASDAQ ending the quarter in the red leaving only the S&P 500 fractionally in the green up just +0.58%. There was no shortage of suspects to blame. Rising yields, a coming taper, Delta, China, inflation, […]
Tag Archives: Covid
September
07
Job Market Tests Positive
posted by David Nelson, CFA
By David Nelson, CFA CMT Friday’s jobs numbers were disappointing on a lot of levels. It confirmed Delta has started to slow economic activity. Industries on the front lines including airlines, travel and hotels have been first to feel the pain. Leisure and hospitality added nothing and even education came in below expectations. It really […]
August
09
9 Months Later
posted by David Nelson, CFA
By David Nelson, CFA CMT For 9 months the S&P 500 has steadily pushed higher in a relatively tight channel masking the true volatility. Investors spent much of that time rushing from one secular trade to the next trying to decide if the glass was half full or half empty. Of course, 9 months almost to […]
August
02
Dr. Fauci – It’s time to go
posted by David Nelson, CFA
By David Nelson, CFA CMT A return of Covid restrictions and the inevitable reduction in economic activity is still the biggest risk investors face and in part likely explains some recent behavior in fixed income markets. As the Wall Street Journal points out virus cases are on the rise especially in parts of the country where […]
February
15
All Bulled Up
posted by David Nelson, CFA
By David Nelson, CFA CMT Markets pushed higher last week but clearly most of the economic data was soft. Jobless claims, Consumer Confidence and CPI all came in short of expectations. Earnings reports continue to be robust and well above estimates, but we’ve seen this movie before. A combination of lowered expectations and analysts behind the curve […]
October
26
Biggest risk for the market – It’s not what you think
posted by David Nelson, CFA
The truth rarely lives on the extremes. Unless we’re about to unwind hundreds of years of economic data and history, long term equity returns are driven by earnings, cash flow, dividends and revenue in that order
October
05
Is Market Cap Becoming a Liability?
posted by David Nelson, CFA
SPY vs IWM vs RSP – Investors are desperate for some new blood to do the heavy lifting
October
04
Market Reaction to Covid in the White House
posted by David Nelson, CFA
There’s a reason why ratings for the House and Senate are the lowest in a generation
July
13
Disney World Reopens
posted by David Nelson, CFA
By David Nelson, CFA CMT In the face of rising daily infections throughout much of the U.S. last week was a strong one for risk assets. We continue to march forward with plans to reopen the economy, but the recent viral surge has called into question plans for Fortune 500 companies to get back to […]
DAVID NELSON, CFA 