Capital Markets Weekly Update

Macro Commentary:  By: Ariel Segal January retail sales came in hot on Wednesday, beating all estimates with its largest advance since June. Overall sales value increased 5.3%, bolstered by stimulus checks and a curb in Covid-19 cases. Online shopping and food services saw increases in sales of 11% and 6.9% respectively.  Chinese foreign minister Wang … Read more

Capital Markets Weekly Update

Macro Commentary:  By: Ariel Segal CPI month over month was reported to be 0.3% on Wednesday, in line with expectations. Initial jobless claims were 793k, lower from the previous week (812k), but remains at an elevated level. The European Commission cut the euro-area GDP growth forecast from 4.2% to 3.8% attributing the decrease to the … Read more

Capital Markets Weekly Update

Macro Commentary:  By: Ariel Segal Nonfarm payrolls for the month of January disappointed on Friday with only 49k jobs added, a little less than half of survey expectations. Additionally, the December number was revised downward by 87k. Continuing the unwelcome trend, leisure and hospitality led job loss in January with payrolls falling by 61k. The … Read more

Capital Markets Weekly Update

Things That Make You Go Hmmm…  By: George Boyan Timing the Market versus Time In the Market Our regular readers know that we strongly prefer the latter.  The world’s most successful investors advocate that the primary determinant of long term returns are the amount of time that one is invested in the markets. However, a … Read more

Capital Markets Weekly Update

Macro Commentary: By: Ariel Segal Strong demand for single-family homes have pushed U.S. Housing Starts to rise for the fourth straight month. Forecasts underestimated actual construction starts by 109k in December. The growth of 5.8% from November into December represents the fastest pace since 2006. Hours after the inauguration on Wednesday, President Biden signed 17 … Read more

Capital Markets Weekly Update

Macro Commentary: By: Ariel Segal Retail sales were reported to be much weaker than expected on Friday with a -0.7% decrease when they were expected to be flat for the month of December. In addition, November was revised downward from -1.1% to -1.4%. The strongest sales occurred at clothing stores and motor vehicle dealerships, increasing … Read more

Capital Markets Weekly Update

Macro Commentary: By: Ariel Segal The first Nonfarm payrolls decrease since April was reported last week on Friday. The restaurants and hospitality industry took on the majority of the job losses, while retail, construction/manufacturing, and professional services all posted solid gains. After the payrolls report, President-elect Joe Biden called for trillions of dollars in immediate … Read more

Capital Markets Weekly Update

Things That Make You Go Hmmm… By: George Boyan Happy New Year!  Now that its 2021, the virus is miraculously behind us, Washington DC politics are completely settled, therefore no uncertainty in the financial markets. Oops—I must have still been dreaming.  In fact, quite the opposite is true.  Vaccines are being administered at a snail’s … Read more

Capital Markets Weekly Update

Things That Make You Go Hmmm… By: George Boyan This will be the final edition of the Capital Markets Weekly Update for 2020.  We wanted to take a moment and thank you for subscribing and reading our commentary.  We wish our readers a happy, healthy and prosperous New Year! 2020 was extraordinary due to the … Read more

Capital Markets Weekly Update

Things That Make You Go Hmmm… By: George Boyan Equity markets are once again making new all-time highs just as the first COVID vaccines are being administered in the United States.  Fixed income yields remain extraordinarily low with a commitment from the Fed for extremely accommodative policy for the foreseeable future.  The DJIA is now … Read more