Weekly Insight | November 26, 2019

Equities continued to bleed higher and tacked on another 1% for most large cap indices. Domestic small caps popped 2.1%. The headlines seem to attribute daily equity gains to U.S.- China comments ad nauseum, but the driving force is participants forced to buy back into a rising market. Both retail and hedge fund risk positioning have been extremely defensive despite the strong gains realized year-to-date, and over the last decade.

Weekly Insight | November 13, 2019

We’ve approached the end of yet another earnings season. Currently, 92% of S&P 500 companies have reported earnings and sales for the third quarter. This season’s report shows financial results for U.S. companies are better than earlier expected. According to Refinitiv, of the companies reporting, earnings have contracted by 0.4%, which is 4.5% better than expected.

Weekly Insight | November 6, 2019

Equities moved higher this week as the S&P 500, Dow Jones Industrial Average and Nasdaq Composite all notched new record highs. The Dow Jones Transportation Average still has more than 5% to go to hit a high and offer solid confirmation that the near two-year consolidation in equity markets is ready for the next sizeable advance.