EQM Capital Blog

EQM Capital LLC 1Q 2021 Market Review – The Balancing Act Between Optimism and Market Excess

Posted by on Apr 5, 2021 in EQM Capital Blog

The first quarter of the year had its share of ups and downs, starting the year with violent political division that reached a fever pitch on January 6th and ending on a hopeful note as vaccination progress and more fiscal stimulus have boosted economic optimism and driven the market to record high levels, with the S&P 500 Index hitting the 4,000 level for the first time. Value and Small Cap Outperform A $1.9 trillion stimulus package accompanied by rising interest rates and expectations for increased inflation bolstered the performance of value names, economically-sensitive cyclicals,...

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EQM Capital LLC 4Q 2020 and 2020 Market Review – The ‘Year of Living Dangerously’ and Our Predictions for 2021

Posted by on Jan 9, 2021 in EQM Capital Blog

The Year of Living Dangerously[1] If we took a poll, most people would respond that they would not have ever imagined a year like 2020, nor would they want to relive it.  But despite the human, social, and economic toll this “Year of Living Dangerously” has wrought, there have been some silver linings along the way: more time spent with family, working from home, no business travel, quality time with the pets, more beach walks and sunsets, and, oh yes, rocketing financial markets.  Since the stock market bottomed on March 23, 2020, the S&P 500 rose 68 percent, shattering...

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EQM Capital LLC 3Q 2020 Market Review – Looking Ahead to a Post-Pandemic Future

Posted by on Oct 4, 2020 in EQM Capital Blog

Source Adobe Images Despite a rocky September, U.S. stocks ended the third quarter on a high note, posting a second consecutive quarterly gain of 8.9%, leaving the S&P 500 Total Return Index up 5.6% for the year.  Small cap stocks also rallied 4.9% in Q3, but lag large cap peers YTD, remaining down 8.7% for the year. Markets have been resilient despite the maelstrom of uncertainty surrounding the COVID-19 pandemic, economic stimulus, and the upcoming election.  Market Headwinds The global pandemic death toll stands at 1 million worldwide.  Our own President has fallen...

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EQM Capital LLC 2Q 2020 Market Review – “V” Doesn’t Mean Victory

Posted by on Jul 4, 2020 in EQM Capital Blog

“V” for Victory? The U.S. stock market capped its best quarter since 1998, almost completely reversing the market’s worst quarter since the financial crisis when COVID-19 propelled the economy into a screeching halt. In a “V-shaped” recovery, the S&P 500 Index rebounded nearly 20% in the second quarter, ignited by a mass infusion of Federal aid and interest rates pinned near zero. The tech-heavy NASDAQ Composite fared even better, rallying more than 30%, posting its best quarter since 1999. But we have hardly won either an economic or medical victory against the pandemic.  Millions...

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EQM Capital LLC 1Q 2020 Market Review – So Much for Predictions, Nobody Predicted This

Posted by on Apr 4, 2020 in EQM Capital Blog

I was just reviewing market predictions for 2020.  Nobody, I repeat nobody, predicted a global pandemic of unprecedented scale.  You can argue that the warning signs were out there, as China was devastated by COVID-19 and other countries started to be infected.  I even mentioned to clients to be cautious coming off a 2019 year with 30% market returns.  That prognostication was based on the systemic impact that China’s economic downturn might have on the rest of the world.  But nobody was prepared for this. No investor, no government, no country.  Could our...

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EQM Capital LLC 4Q 2019 Market Review – So Much for Predictions as 2019 Ends up a Banner Year for the U.S. Market.

Posted by on Jan 6, 2020 in EQM Capital Blog

The U.S. stock market ended 2019 with an abundance of cheer, as a Santa Claus rally propelled the stock market to the best year of market returns since 2013.  The S&P 500 finished the year up 28.9%, the NASDAQ Composite gained 35.3%, and the Dow Jones Industrial Average was up 22.3%.  Apple and Microsoft were the biggest contributors to the S&P 500’s market gains in 2019 and over the last decade as well.  While the Dow Jones lagged the other indexes, it also had its best year since 2017.  The record-shattering ride in 2019 was certainly a bumpy one. The U.S. stock...

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