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Category: Investment Strategy

139 posts categorized as "Investment Strategy"

Three Things to Know & Watch

Jun 7, 2021

By Bill Hornbarger, Chief Investment Officer

 

Three Things to Watch

  • Consumer prices (CPI) will be released on Thursday and will be the primary focus. Both the overall and core readings are expected up 0.4% for the month May, and 4.7% and 3.4% year-over-year respectively. That comes after a very strong gain in April. The Fed maintains its stance that inflation is “transitory,” but market participants are concerned about longer term implications and what these numbers might mean for Fed policy.

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If the Shoe Fits…

Jun 7, 2021

By Pete Biebel, Senior Vice President

One old idiom that seems to be a good fit for the market’s current state of mind is “waiting for the other shoe to drop.” That saying apparently dates back to the early 1900s and originated in boarding and rooming houses of the time. When an upstairs neighbor dropped one of their shoes, a second unwelcome thump was sure to follow. The implication of that mindset is that an expected and inevitable event is about to occur;

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Three Things to Know & Watch

Jun 1, 2021

By Bill Hornbarger, Chief Investment Officer

 

Three Things to Watch

  • The May employment report will be closely watched when it is released on Friday. 674,000 new jobs are expected after last month’s disappointing 266,000 payrolls. That was about a quarter of what was predicted from the consensus forecast of economists. Two consecutive months of poor jobs reports could make the equity markets nervous.
  • The Fed’s Beige Book report on economic conditions is expected Wednesday,

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One Step Forward, Two Steps Back

May 24, 2021

By Ben Norris, Securities Research Analyst, Associate Vice President

Trading last week was oddly similar to the week prior, with markets suffering losses early in the week before eventually recovering some ground on Thursday and Friday. Wednesday was the outcast of the week, as the session that showed the most significant volatility, trading down sharply at the open and slightly trimming losses by the closing bell. By Wednesday afternoon the S&P 500 (SPX) and Dow Jones Industrial Average (DJIA) were down roughly 1.5% while the NASDAQ Composite Index was down around 1%.

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Three Things to Know & Watch

May 24, 2021

By Bill Hornbarger, Chief Investment Officer

Three Things to Watch

  • This week will feature the virtual CoinDesk Consensus conference, which “unites professionals across the globe for an immersive virtual experience aimed at exploring the evolution of cryptocurrency and blockchain technology.” High profile speakers include the Fed’s Lael Brainard, ARK Invest’s Cathie Wood, and Bridgewater’s Ray Dalio.
  • The Fed’s preferred inflation measure, the personal consumption expenditures price index,

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Investment Insights Monthly – May 2021

May 18, 2021

By Bill Hornbarger, Chief Investment Officer

 

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Three Things to Know & Watch

May 17, 2021

By Bill Hornbarger, Chief Investment Officer

 

Three Things to Watch

  • Retail sector earnings will be in focus after last Friday’s report that retail sales for April were unchanged following a 10.7% increase in March. This week will feature earnings reports from household names Walmart, Lowe’s, Home Depot, and Target. The weak April employment report has investors cautious on the recovery and any forward guidance in these reports will be closely parsed.

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Objects in the Mirror May be Larger Than They Appear

May 17, 2021

By Pete Biebel, Senior Vice President

On Thursday and Friday, as the market drove up and away from the early week carnage, it could look back at the damage and be thankful that it hadn’t gotten any worse. Through late-Wednesday, the S&P 500 Index (SPX) was already showing a 4% loss for the week. The NASDAQ Composite Index (COMP) was down about 5 ½% at that point, and the Russell 2000 Index of small-cap stocks (RUT) was in the hole by more than 6%.

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Bill Hornbarger - Thoughts on Market & Economy

Bill Hornbarger – Latest Thoughts on the Market & Economy – May 2021

May 11, 2021

By Bill Hornbarger, Chief Investment Officer

Bill Hornbarger – Latest Thoughts on the Market and Economy

Bill Hornbarger, Chief Investment Officer, of Benjamin F. Edwards shares his latest thoughts on the markets and the economy in an interview with Kevin Simpson of Capital Wealth Planning. Capital Wealth Planning is an institutional wealth management firm specializing in managing discretionary strategies.

Capital Wealth Planning’s SMA is a strategy available on our Separately Managed Portfolios platform. 

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Come Churchill Downs Off Your High Horse

May 10, 2021

By Ben Norris, Securities Research Analyst, Associate Vice President

If you follow horse racing or if you’re a gambler, you’ve probably heard the news. Medina Spirit, winner of the Kentucky Derby, has reportedly tested positive for a banned performance enhancing drug. If the test is confirmed, then Medina Spirit will have its title stripped and the crown will go to the runner-up, Mandaloun. This is a relatively shocking development for the Kentucky Derby given that just two horses have been disqualified in the nearly 150-year history of the race.

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