Kraft Heinz (KHC)

OPTIMISM OVER POTENTIAL TRADE DEAL

Stocks opened sharply higher this morning (Dow +188 pts; SPX +%). Every single week in 2019 has been positive for the US stock market. Today, tech, healthcare and communications services are leading. Only consumer staples and financials are in the red. Commodities are trading higher (except gold). WTI crude oil is up around $57.30/barrel. That’s an amazing turnaround when you consider that it traded down to $42 on Christmas Eve. Once again, Treasury bonds and stocks are moving in tandem. The iShares 20+ Year Treasury Bond Fund (TLT) is up .7% in early trading. The 10-year Treasury yield is back down around 2.65%. Following extremely high volatility late last year, interest rates have settled down at a low level along with low volatility.


*The foregoing content reflects the author's personal opinions which may not coincide with the opinions of the firm, and are subject to change at any time without notice. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that these statements, opinions, or forecasts provided herein will prove to be correct. Past performance is not a guarantee of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. All investing involves risk. Asset allocation and diversification does not ensure a profit or protect against a loss. Finally, please understand that–as with other social media–if you leave a comment, it will be made public.

September 20, 2017

Stocks are mixed in early trading (Dow +16 pts; SPX flat; Nasdaq -.24%). We’ve seen a rotation in the last couple of weeks away from defensive sectors (i.e. utilities, consumer staples) and toward cyclicals (industrials, financials, energy, materials). This seems to be driven by a rebound in interest rates & oil; it’s hard to say how long that will last. This morning, transports are up 1.5%, biotechs are up .7%, and energy stocks are up about .6%. We are seeing some uncharacteristic weakness in semiconductors after Apple (AAPL) admitted lower pre-orders for the new iPhone 8 because consumers are waiting for the iPhone X. 


*The foregoing content reflects the author's personal opinions which may not coincide with the opinions of the firm, and are subject to change at any time without notice. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that these statements, opinions, or forecasts provided herein will prove to be correct. Past performance is not a guarantee of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. All investing involves risk. Asset allocation and diversification does not ensure a profit or protect against a loss. Finally, please understand that–as with other social media–if you leave a comment, it will be made public.

August 5, 2016

Stocks gapped up at the open (Dow +160 pts; SPX +.8%). The cyclical sectors are leading the way: consumer discretion, industrials, financials and tech are all up over 1% at the moment. Utilities and telecoms are down. The dollar is stronger and commodities are falling. WTI crude oil is off 1% to $41.30/barrel. Bonds are selling off a bit with yields moving higher. The 5- and 10-year Treasury yields are up to 1.11% and 1.56%, respectively. 


*The foregoing content reflects the author's personal opinions which may not coincide with the opinions of the firm, and are subject to change at any time without notice. Content provided herein is for informational purposes only and should not be used or construed as investment advice or a recommendation regarding the purchase or sale of any security. There is no guarantee that these statements, opinions, or forecasts provided herein will prove to be correct. Past performance is not a guarantee of future results. Indices are not available for direct investment. Any investor who attempts to mimic the performance of an index would incur fees and expenses which would reduce returns. All investing involves risk. Asset allocation and diversification does not ensure a profit or protect against a loss. Finally, please understand that–as with other social media–if you leave a comment, it will be made public.