Nelson Peltz

June 11, 2018

The major stock market averages opened mixed but quickly turned positive. The Dow is currently up 46 pts and the SPX is up .3%. The telecom sector is up nearly 1% in early trading, recovering some of its recent correction. The market is expecting a federal judge to approve AT&T’s proposed acquisition of Time Warner tomorrow. Healthcare, transports and retailers are also in the green. The VIX Index jumped 2% to 12.4 but VIX July futures are down around 14 after having spiked to 16 a couple of weeks ago. So despite all the negative geopolitical headlines investors really aren’t spooked. Commodities are mixed today. Gold is up today but is flat year-to-date. Copper is giving back some of its recent gains. WTI crude oil is up modestly to trade around $66/share. Bonds are down modestly in early trading. The 5-year and 10-year Treasury yields are up around 2.79% and 2.95%, 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.

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.