🤷♂️ Inflation hits 5% in May. Beating last month’s 13-year high of 4.2%, 12-month Consumer Price Index (CPI) growth came in at 5% for May. Surprisingly, investors mostly shrugged off any #InflationFears as 10-year treasury yields also fell -6% over the week. 🤠 Growth rotation. With a transient inflation mindset leading to falling yields, Growth names surged last week Read More
🥳 Growth resurgence fades. End of May Growth party fades in June. S&P 500 almost rose another +1% last week, but on #Flight2Safety Value names. Growth underperformed relative to overall market, but still up. 🇺🇸 Domestic recovery keeps rolling. More #COVIDRecovery momentum with surging demand and travel volume, but also growing pains from supply and labor shortages. ️🎭 AMC’s Wide Ride. New #GameStonk AMC Read More
😳 Bitcoin falls -25%. #Crypto leader Bitcoin fell -25% in past week and -50% since April all-time high. New restrictions, more regulation and nervous investors all contributing. 👟 Risk appetite waning. Overall S&P 500 only slightly down less than -1% last week, but #Flight2Safety sector rotation continues－Growth down -2% while Value up +1%. 🎭 Streaming plot twist. AT&T announced deal with Read More
💸 April inflation at 13-year high. April 12-month inflation rate exceeded 4% hitting a 13-year high. Confirming #InflationFears, S&P 500 fell -2% Wednesday. However, recovered losses by weekend following Fed indicating multiple months of data needed before reducing monetary support.
💨👟 Value rotation. With bubble fears climbing (aided by rising meme stock and joke #Crypto interest), heavy #Flight2Safety to kick off May. Value stocks up +3% MTD while Growth down slightly so far. Overall S&P 500 finished up +1%. 😰 Rising #InflationFears. Treasury Sec Yellen briefly tanked markets Tuesday saying interest rates needed to rise ‘a little bit to make sure Read More
The first quarter of 2021 is a wrap! While the overall S&P 500 is up +6% this year, it’s been a roller coaster if you breakdown the components. Let’s take a look at our overall 2021 theme #Flight2Safety. S&P 500 Value stocks are up +10% YTD. Meanwhile, S&P 500 Growth names are only up +2%. Read More
While markets surged today, high growth stocks had been under siege for the past several weeks. Before today, tech heavy NASDAQ fell over -10% from its peak on Feb 12 while the more diverse S&P 500 fell less than -3%. Today, NASDAQ’s Herculean rebound recouped part of the loss, but still remains down -7% from Read More