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Tuesday, September 20, 2022

U.S. stocks slumped and yields surged on a renewed rise in core inflation. We’ve argued inflation will be persistent and see the Fed hiking through year-end.

Monday, September 19, 2022

The yield on the U.S. Treasury 10-year rose to 3.4% from 3.3% a week earlier. The move was more pronounced among short-term bonds more directly affected the Fed policy shifts. Yields on the Treasury 2-year rose to 3.8% from 3.6%.

Monday, September 19, 2022

The economic calendar also featured the Producer Price index, which was slightly cooler than expected. Headline PPI increased 8.7% year-over-year in August, down from 9.8% in July.

Monday, September 12, 2022

Palo Alto had its initial public offering in July 2012 at $42.00 per share. The shares closed at $547.25 on Sept. 8 on a pre-split adjusted basis.

Monday, September 12, 2022

Stocks fell last week after hawkish comments by Fed Chair Jerome Powell and data showing another month of jobs gains. We see the Fed hiking through 2022.

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Monday, September 12, 2022

The S&P 500 rallied 3.6% for the week on what appears to be short-term oversold conditions and extreme levels of bearish sentiment. Of note, the S&P 500 was able to regain its 50-day moving average after testing and holding the 3900 level.

Tuesday, September 6, 2022

For the month of August, the Morningstar US Market Index fell 3.83%. The best-performing sector was energy, up 3.13%. The two worst-performing sectors were real estate, down 5.96%, and technology, off by 5.77%.

Tuesday, September 6, 2022

Global financial markets continued to sell off on hawkish rhetoric from the Federal Reserve and on the realization that rates will likely be higher and in place for a longer time horizon.

Monday, August 29, 2022

Ten of 11 industry sectors declined for the week, with technology and communication stocks down the most. Only energy stocks gained on rising oil prices.

Monday, August 29, 2022

The S&P 500 lost 4%, the Dow fell 4.2%, the NASDAQ tumbled 4.4%, and the Russell 2000 gave up 2.9%.  The yield curve inverted this week, with much of the selling on the front end of the curve coming before Friday.

Monday, August 22, 2022

The biggest gains among individual stocks were energy companies, as natural gas prices rose about 5%. Companies in the electric vehicle charging infrastructure space saw their stocks decline.

Monday, August 22, 2022

The S&P 500 lost 1.2%, the Dow fell by 0.2%, the NASDAQ gave up 2.6%, and the Russell 2000 shed 2.9%. The US yield curve steepened but remains inverted.

Tuesday, August 16, 2022

We see company earnings deteriorating amid a rotation in consumer spending and a sputtering restart. This is partly why we remain cautious on stocks.

Monday, August 15, 2022

While inflation remains extremely elevated by historical levels, data released from the Labor Department on Wednesday showed the Consumer Price Index was unchanged in July from June. Energy prices, airline fares, and used car prices all dec

Monday, August 15, 2022

BTIG Technical analyst Jonathan Krinsky noted that since 1950 a retracement greater than 50% off the lows has never gone on to make new cycle lows- so perhaps we’ve seen the worst of this bear market.

Tuesday, August 9, 2022

U.S. data last week showed strong job creation but still low labor participation. Stocks lost steam and bond yields spiked as markets priced in more Fed hikes.

Monday, August 8, 2022

Following this market sell-off, future returns from equities look more promising than they did just six months ago.

Monday, August 8, 2022

Despite a cautious start to the week, US equity markets posted gains for the third week. A tepid ISM manufacturing report coupled with uncertainties surrounding House Speaker Pelosi’s visit to Taiwan initially keep investors sidelined.

Tuesday, August 2, 2022

Stocks rallied and yields fell last week after markets concluded the Fed’s pace of rate hikes will slow. We are less sanguine and see a dovish pivot only later.

Monday, August 1, 2022

Investors faced the busiest week of the year as 175 companies representing 50% of the S&P 500’s market capitalization reported 2nd quarter earnings. The results were mixed and produced drastic swings in share prices.

Monday, August 1, 2022

From our vantage point, better yields across fixed-income and lower-valuation multiples within equities make markets more attractive today than they were a year ago.

Tuesday, July 26, 2022

Markets are pricing another 0.75% rate rise by the Fed this week. We think the Fed will overtighten rates and cause acute damage to growth before pivoting.

Monday, July 25, 2022

The S&P 500 gained 2.5%, the Dow rose 2%, the NASDAQ added 3.3%, and the Russell 2000 tacked on 3.6%. The volatility continued in the rates market as the 2-year note yield fell by fourteen basis points to 2.99%.

Monday, July 25, 2022

Many cautious investors are scared, which is a rational behavioral response. Given the overarching questions about capitalism and political freedom, many are rightfully fearful about the uncertainty ahead.

Monday, July 25, 2022

Stocks and bonds have had a tough start to 2022, falling together at the same time. This is one of the most uncomfortable market scenarios, but the silver lining is that it has created opportunity.

Tuesday, July 19, 2022

Dividends have held up quite well, despite concerns around the broader economy. For many sectors, expectations for pay outs have actually increased over the quarter.

Tuesday, July 19, 2022

Relentless U.S. inflation last week signaled a big rate hike by the Fed later this month. Long-term yields fell amid fears rate hikes may trigger a slowdown.

Monday, July 18, 2022

It was an extremely busy week on Wall Street with a full calendar of economic data and the start of 2nd quarter earnings. Growth concerns fostered more selling in equities and commodities while the long tenures of the yield curve rallied.

Monday, July 18, 2022

Consensus estimates show corporate earnings increasing about 10% in the next 12 months in the face of what appears to be all the hallmarks of slowing economic growth.

Tuesday, July 12, 2022

U.S. inflation is in laser focus this week. Persistently high monthly inflation rates could cement the case for a 75-basis point Fed rate hike later this month.

Monday, July 11, 2022

The consensus expects CPI to come in at elevated levels, according to FactSet: 8.8%, slightly higher than the 8.6% reading in May.

Monday, July 11, 2022

Commodities funds offer another inflation hedge. Commodities prices, which are sensitive to economic growth, make up an important part of inflation. Commodities funds can capture spikes in commodities prices that precede inflation increases

Wednesday, July 6, 2022

Commodities prices have spiked as demand from the restart clashed with tightening supply. We see the war and net-zero transition keeping prices high.

Tuesday, July 5, 2022

As always, one critical variable is the state of the jobs market, and this coming week will bring the June employment report. Forecasts center on job growth having slowed to 270,000 last month, according to FactSet.

Tuesday, July 5, 2022

Markets took a step back after the prior week’s impressive rally. The same culprits showed up to dampen investors’ appetite for risk assets- growth concerns, inflation, and hawkish central bank rhetoric.

Tuesday, June 28, 2022

Poor activity data reinforced slowdown fears, resulting in falling yields and rising stocks last week. Persistent UK inflation caused worries of overtightening.

Tuesday, June 21, 2022

The Fed lifted rates by 0.75% in a rush to normalize policy, its biggest hike since 1994. Other central banks joined, sending shockwaves through markets.

Tuesday, June 14, 2022

Stocks fell and yields jumped last week on news of persistent U.S. inflation and rapid euro area rate hikes, showing markets are primed to be hawkish on rates.

Tuesday, June 7, 2022

The U.S. added 390,000 jobs in May – a number that was matched by new entrants to the labor force. This shows the labor market is not as tight as feared.

Thursday, June 2, 2022

We are now seeing the beginning of a potential recovery, as stocks bounced 6% over five trading days last week.

Tuesday, May 31, 2022

Stocks bounced back on hopes the Federal Reserve can soon pause rate hikes. But we don’t expect a sustained rebound until the Fed takes a clear dovish turn.

Tuesday, May 24, 2022

U.S. PCE inflation data this week are expected to show pressures are slowing. We think inflation will settle higher than pre-Covid levels.

Thursday, May 19, 2022

The unabated price declines this year in traditional “safe assets” like U.S. treasuries and corporate bonds is really breathtaking. The coincident selloff in stocks makes this nothing short of a generationally difficult environment.

Tuesday, May 17, 2022

Climate risk is investment risk, and the narrowing window for governments to reach net-zero goals means that investors need to start adapting their portfolios today.

Thursday, May 12, 2022

U.S. inflation data this week could point to increasing core inflation pressure amid higher services inflation and housing costs.

Monday, May 9, 2022

As expected, the Federal Reserve increased its policy rate by 50 basis points and laid out a plan to normalize its balance sheet over the next several months.

Tuesday, May 3, 2022

Economic data showed inflation running hot in multiple data series. Data also showed a slowdown in manufacturing and services while the labor market continued to be tight.

Tuesday, May 3, 2022

Yields on 10-year U.S. Treasuries rose to near 3% last week, levels not seen since late 2018.

Tuesday, March 31, 2020

Enjoy this guest post by Chadd Mason, CEO at The Cabana Group, one of our investment partners here at AMG, Inc. Stock markets around the world are trying to stabilize after the historic drop we have seen this month. Swings of 4% a day...

Monday, March 30, 2020

There’s a reason that investors tend to only hear about “looming” market doom or “imminent” market growth. While many news outlets have incentive to draw viewer attention with wildly bullish or bearish...

Tuesday, March 24, 2020

Enjoy this guest post by Chadd Mason, CEO at The Cabana Group, one of our investment partners here at AMG, Inc. On behalf of everyone here at Cabana, I want to wish our clients, investor partners and friends good health and peace at...

Thursday, October 10, 2019

Equity markets around the globe bounced back from the sell-off we had in August. Uncertainties around trade continued to be in focus for investors as the US and China countered each other’s policies. The continuing saga of Brexit...

Tuesday, June 25, 2019

Seeing as we are nearly halfway through the year, I believe it is worthwhile to take a moment (or two) to review the asset classes we invest in and how they are impacted by various market indicators. Obviously not every account that we...

Wednesday, May 29, 2019

I hope everyone enjoyed some time off with friends and family over the long holiday weekend. I also want to take a minute to acknowledge the thousands and thousands of men and women who have bravely served our country - especially...

Tuesday, May 21, 2019

Global risk assets continued to rally in April. First quarter earnings are coming in better than expected, Central banks around the globe remain accommodative, economic data saw improvement, US & China trade negotiations appeared to...

Tuesday, May 21, 2019

Domestic and International equity markets continue to digest the impact of the U.S. and Chinese tariffs on GDP across the world. After dropping more than 5% during the first few weeks of May, there was a three-day bounce at the...

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