Why Did Stocks Rebound Yesterday, and What Does It Mean for Markets?
By John Lau October 3, 2022 – Stocks staged a historic rebound yesterday (Thursday), as the S&P 500 went from down nearly 3% pre-market (after the CPI) to up nearly 3% by the close, completing a somewhat unthinkable 6% turnaround. Given this turnaround, I wanted to explain clearly and succinctly 1) Why it happened and […]
Holding Support By a Razor Thin Margin Now
October 3, 2022 Good morning, Awful. That’s the only way to describe the brutal end of a day, week, month, and quarter as September went out on Friday afternoon seemingly with a few fingers raised (yes, those two). The S&P 500 traded at unchanged levels almost all-day Friday, until the final 90 minutes when it […]
It Didn’t Seem Right Anyway
September 30, 2022 Good morning, Lore: a body of traditions and knowledge on a subject. Outside the possibility of a few hours of unprecedented market behavior today (futures are flat, btw), market lore may have gotten it too right this month. The S&P 500 Index is down -7.83% entering this final day of September. I […]
Just As They Are Now
September 28, 2022 Good morning, Picking up this morning where we left off in Monday’s Morning Note, it appears the market has raced down to its June lows (in S&P 500 Index terms). In the past six days alone, the Index is down -6.5%, the worst span since February 2020 and the beginning of Covid. […]
As Fed battles inflation, fixed-income investing regains popularity, purpose
October 3, 2022 – Chief Investment Officer, Stuart Katz was featured in InvestmentNews discussing ‘As Fed battles inflation, fixed-income investing regains popularity, purpose.’ “Historically, once inflation goes above 5%, it’s never come down until the Fed funds rate has risen above CPI,” Katz said, “We think the inflation journey from 8% to 5% will be much easier than from […]