-
Market Update
Printable Version It was a mixed week in the equity markets with small-cap, growth stocks, and EM performing well while Europe and yield plays lagged. For the week the S&P gained +0.4% while the Russell 2000 added +0.9%. Overseas, both Europe and Japan lagged. European financials in particular came under the microscope. The immediate concern was the Italian bank Banca Monte dei Paschi di Siena. The shares fall 16% on Tuesday (they are down…
Continue reading >> -
Market Update
It was generally a positive week for the global equity markets with most indexes except the S&P 500 gaining ground. The NASDAQ was up +1.2% while small-cap stocks added +0.6%. Global equities were up +0.9%. The S&P closed basically flat. China stands out with a -1.1% loss. Friday’s weak GDP report and the Bank of Japan’s (BoJ) surprise (more below) could not derail stocks. Earnings reports are certainly helping matters. We are in the middle of second quarter earnings and in general the high profile reports have been solid. Apple, Google, Amazon, etc. all posted solid numbers, and this is reinforcing the idea that we have seen the worst of the earnings recession. We’ll have more next week....
Continue reading >> -
CNBC Appearance by Charles Blankley, CFA
In an interview with CNBC Asia’s The Rundown, Gemmer CIO Charles Blankley discusses expectations surrounding the Bank of Japan and US Federal Reserve meetings this week...
Continue reading >> -
Market Update
Well that was a wild few days. It’s almost like the Brexit vote didn’t happen. After selling off dramatically last Friday and this Monday, equities staged an impressive rally that brought many markets back to (or above) their pre-Brexit levels. For the week the S&P gained +3.2%, leaving it only 0.5% below last Thursday’s close. European equities in general gained +5.0% for the week and are 5.7% below. Amazingly, the UK market was up +7.2% this week and now trades 3.8% above the pre-Brexit level. You really can’t make this stuff up!!...
Continue reading >> -
Interesting Reads for June 23rd
Every once in a while we plan to post links to articles we happen to be reading. Generally the topics will be investment related, but hopefully our interests stray at times. ...
Continue reading >> -
Interesting Reads for June 20th
Printable VersionEvery once in a while we plan to post links to articles we happen to be reading. Generally the topics will be investment related, but hopefully our interests stray at times. It is possible that some of the links may require registration and/or subscription. Market worries are deeper than the spectre of Brexit Monday morning bullet points – the second one is wonderful (for market geeks) More on Bullard’s naval gazing…
Continue reading >> -
Market Update
Printable Version It was a tough week for the equity markets as worries about the upcoming British vote on leaving the EU weighed on sentiment. A dovish Fed meeting was largely shrugged off. For the week the S&P lost -1.2% while the small-cap Russell 2000 declined -1.9%. European equities took it on the chin each time the odds of Britain leaving the EU ticked higher. Germany and France were down -2.1% and -2.6% respectively…
Continue reading >> -
Interesting Reads for June 6th
Every once in a while we plan to post links to articles we happen to be reading. Generally the topics will be investment related, but hopefully our interests stray at times....
Continue reading >> -
Market Update
The equity markets in the U.S. pushed to new highs for the year with the S&P closing above 2,100 for the first time in 2016. Small-cap equities have been quietly outperforming recently and added +1.8% this week (versus +0.3% for the S&P), but still remain below the high seen back in June of last year....
Continue reading >> -
Interesting Reads for May 23rd
Printable VersionEvery once in a while we plan to post links to articles we happen to be reading. Generally the topics will be investment related, but hopefully our interests stray at times. It is possible that some of the links may require registration and/or subscription. Jim Chanos on China China’s contradictions will catch up with it A June rate hike – This is not a drill. This is the Real thing …
Continue reading >>
