EQM Capital 2Q 2023 Market Review and Outlook– Markets Deliver a Nice Surprise
Coming into the year, the market was bracing for an economic recession as the Fed continued its aggressive tightening policy to thwart stubborn inflation. Throw in a bank crisis, political wrangling over the debt ceiling, a deeply inverted yield curve, and a Fed dead set on getting to a 2% inflation target, no matter what – and on paper, it doesn’t look pretty.
Read MoreEQM Capital LLC – 2Q 2015 Quarterly Market Recap – Greece Rains on the Parade
U.S. stocks flat Blue-chip benchmarks were roughly flat in the second quarter, as enthusiasm for corporate earnings growth and signs of a reaccelerating U.S. economy gave way to worries about the ongoing Greek debt crisis. The NASDAQ Composite performed the best, helped by merger and acquisition (M&A) activity. The NASDAQ finally managed to beat the record high it established in March of 2000 before pulling back. Small caps were the place to be in Q2, with small outpacing both large and mid for the quarter. Analyzing sector performance, health care and consumer discretionary were the...
Read MoreEQM Capital LLC – Weekly Market Recap 7/2/15 The Showdown in Greece Continues
Stocks fall on Greece showdown U.S. stocks moved lower along with global markets, enduring a second week of declines as the debt crisis in Greece reaches a final showdown. On Monday, the S&P 500 experienced its largest one-day pullback since last October. Smaller-cap shares, which are typically more volatile, fell more than larger-cap stocks, and the Nasdaq also underperformed the blue chip benchmarks. The trading week ended Thursday due to the 4th of July holiday weekend. Greece misses its IMF debt payment European officials stated that they would be offering no additional help to...
Read MoreEQM Capital LLC – Weekly Market Recap 6/26/15 Greece is the Word
Greek debt crisis weighs on stocks U.S. stocks ended modestly lower as investors kept a nervous eye on the ongoing Greek debt crisis stalemate. The Nasdaq lagged the large-cap benchmarks, thanks in part to poor earnings results on Friday from semi-maker Micron. Meanwhile, the S&P MidCap 400 managed to establish a new high on Tuesday but sold off later in the week. It still trails the Russell 2000 for the year. And with the June Federal Reserve meeting on the books, all eyes next week will be on Thursday’s job report. Greece begins week on conciliatory note When the week began there...
Read MoreEQM Capital LLC – Weekly Market Recap 6/19/15 “When Doves Cry”
“This is what it sounds like when doves cry” – Prince Stocks rise on dovish Fed sounds Prince’s brilliant song “When Doves Cry” was written for the film “Purple Rain” to depict the dysfunction of his home life and upbringing. But if you read the lyrics, they seem relevant to this week’s Fed policy meeting discussions as well. Stocks rose last week as investors were soothed by the “dovish cries” coming from the Fed. This helped relieve worries about stalled Greek debt negotiations. The Nasdaq Composite, S&P MidCap 400, and the...
Read MoreEQM Capital LLC – Weekly Market Recap 6/12/15 – Balancing the U.S. Economy and Greece Worries
Investors weigh U.S. economic strength versus Greek worries The major equity benchmarks ended mostly higher in another week of light summer trading. There was good news on the U.S. economic front, but it was balanced with concerns about the ongoing negotiations between Greece and its creditors. The NASDAQ Composite underperformed and posted a modest loss, but YTD it still remains the best performer. Smaller cap names continue to perform better on a relative basis as well. Big market rally on Wednesday On Wednesday, reports that Germany was extending an olive branch to Greece helped fuel a...
Read More
