Market insights and analysis

How dynamic, risk-managed investment solutions are performing in the current market environment

2nd Quarter | 2022

Market insights and analysis

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Updates on how dynamic, risk-managed investment solutions are performing in the current market environment.

dogs

My wife and I have always been dog people. We’ve never owned cats, although we love to play with those of friends and relatives. I’ve had a dog as a pet since I was about 6 years old. My first dog was called “Shiner.” You can guess why. Most of our family dogs (which number about a dozen by now) have been, like Shiner, mutts.

Last week, the gold spot price lost 1.86% and the U.S. Dollar Index gained 3.12%.

U.S. equity markets posted losses in all three indexes last week. The S&P 500 was down 4.65%, the NASDAQ Composite lost 5.07%, and the Dow Jones Industrial Average fell 4%.

The value of gold and the value of the U.S. dollar typically have an inverse relationship.

Market Update 9/19/22

The major U.S. stock market indexes fell significantly last week, continuing a trend downward that began in mid-August. The Dow Jones Industrial Average lost 4.13%, the S&P fell 4.77%, and the NASDAQ Composite declined 5.48%. The 10-year Treasury bond yield rose 14 basis points to 3.45%, continuing a run-up that began on August 1. Spot gold closed the week at $1,675.06, down 2.43%.

I was reading some history recently that focused on the Second World War. It contradicted a long-held belief. I’d always heard that the Maginot Line was a colossal failure.

U.S. equity markets posted losses in all three indexes last week. The S&P 500 decreased 4.77%, the NASDAQ Composite fell 5.48%, and the Dow Jones Industrial Average lost 4.13%.

Last week, the gold spot price was down 2.43% and the U.S. Dollar Index gained 0.7%.

Last week, gold prices slid down to the Fibonacci retracement level of 39% from the high in April.

Market Update 9/12/22

The major U.S. stock market indexes were up last week. The S&P 500 jumped 3.65%, the Dow Jones Industrial Average gained 2.66%, the NASDAQ Composite was up 4.14%, and the Russell 2000 small-capitalization index rose 4.04%. The 10-year Treasury bond yield rose 12 basis points to 3.31%, taking Treasury bonds lower for the week. Spot gold closed the week at $1,716.83, up 0.27%.

The one constant of football at all levels is that things are always changing. But the fundamental principles and lessons of the game have endured for decades.

Last week, the gold spot price gained 0.27% and the U.S. Dollar Index was down 0.48%.

U.S. equity markets posted gains in all three indexes last week. The S&P 500 was up 3.65%, the NASDAQ Composite gained 4.14%, and the Dow Jones Industrial Average increased 2.66%.

Last week, gold prices consolidated above support at $1,700.00 per ounce.

August ETF Deathwatch contains 465 zombie ETFs and ETNs.

Market Update 9/6/22

The major U.S. stock market indexes were down last week. The S&P 500 decreased by 3.29%, the Dow Jones Industrial Average lost 2.99%, the NASDAQ Composite was down 4.21%, and the Russell 2000 small-capitalization index fell 4.47%. The 10-year Treasury bond yield rose 15 basis points to 3.19%, taking Treasury bonds lower for the week. Spot gold closed the week at $1,712.19, down 1.49%.

U.S. equity markets posted losses in all three indexes last week. The S&P 500 fell 3.29%, the NASDAQ Composite lost 4.21%, and the Dow Jones Industrial Average gave up 2.99%.

Last week, the gold spot price fell 1.49% and the U.S. Dollar Index gained 0.67%.

Where I live, it is an end-of-summer ritual to load up the SUV or minivan with your children and their friends and spend the better part of a day at one of our local amusement parks. The allure of amusement parks seems universal. I think they are so popular because they have something for everyone, no matter what their age—even if it’s just a walk around the park’s attractions.

A historical conundrum

Last week, gold prices declined before finding support at $1,700.00 per ounce.

The major U.S. stock market indexes fell significantly last week, ending the market rally that begin in mid-June. The Russell 2000 was the strongest performer with a 2.94% loss. The NASDAQ Composite was the weakest performer, falling 4.44%. The S&P fell 4.04%. The 10-year Treasury bond yield rose 7 basis points to 3.04%, continuing a run-up that began on August 1. Spot gold closed the week at $1,738.14, down 0.51%.

Like many others, I am always interested in what drives the equity and fixed-income markets on a daily basis.

U.S. equity markets posted losses in all three indexes last week. The S&P 500 decreased 4.04%, the NASDAQ Composite went down 4.44%, and the Dow Jones Industrial Average lost 4.22%.

Last week, the gold spot price lost 0.51% and the U.S. Dollar Index gained 0.59%.

Volcker redux?

Last week, gold moved sideways off its 50-day moving average.

The market indexes were down last week. The Dow Jones Industrial Average lost 0.16%, the S&P 500 Index fell 1.21%, the NASDAQ Composite dropped 2.62%, and the Russell 2000 small-capitalization index tumbled 2.9%. The 10-year Treasury bond yield rose 13 basis points to 2.973%, sending bond prices lower for the week. Gold futures closed the week at $1,760, down $55.10 per ounce, or 3.03%.

Wall Street jazz

Jazz has been a part of my life since the 1960s. I’ve always loved the combination of individuality and collaboration that is specifically a part of the modal, hard-bop version of traditional jazz.

Last week, the gold spot price lost 3.07% and the U.S. Dollar Index gained 2.4%.

U.S. equity markets posted losses in all three indexes last week. The S&P 500 fell 1.21%, the NASDAQ Composite lost 2.62%, and the Dow Jones Industrial Average was down 0.16%.

Mild recession?

Last week, gold prices continued to consolidate around their 50-day moving average.

It is one of the great modern mysteries of investing. Investment industry giants, and most advisers, tell their clients to hold on during market downturns. Classes and webinars teaching advisers the art of handholding pop up everywhere during these crisis periods.

The major U.S. stock market indexes were up last week. The S&P 500 extended its winning streak to four consecutive weeks with a 3.26% gain, the Dow Jones Industrial Average increased by 2.92%, the NASDAQ Composite was up 3.08%, and the Russell 2000 small-capitalization index rose 4.93%. The 10-year Treasury bond yield remained at 2.83%. Spot gold closed the week at $1,802.40, up 1.52%.

Gold prices held the breakout of their 50-day average last week. The metal closed the week at $1,805 per ounce.

Last week, the gold spot price gained 1.52% and the U.S. Dollar Index fell 0.93%.

U.S. equity markets posted gains in all three indexes last week.

In July, 20 exchange-traded products (“ETPs”) were added to the ETF Deathwatch list and 31 were removed, bringing the total to 466.

The major U.S. stock market indexes were mostly up last week.

Last week, the gold spot price was up 0.54% and the U.S. Dollar Index went up 0.68%.

U.S. equity markets posted gains in two of the three indexes last week.

I sometimes hate the term “active management.” It’s not because I have become a “buy-and-hold” convert, but because the term has been so corrupted by the financial-services industry.

Last week, gold prices caught back up to their 50-day average.

With the Federal Reserve on Wednesday (7/27) continuing its fight against inflation by making another 75-basis-point increase in interest rates, investors were watching with apprehension the government’s report on second quarter GDP. While many economists were saying that the chance of a recession was still low, the Thursday (7/28) report registered a 0.4% decline. While that was less than the first quarter, which fell 1.6%, it still met the “technical” requirements of a recession—two negative quarters of GDP growth.

I shared some thoughts recently related to Jerry Wagner’s overview of the 2022 first-half performance of Flexible Plan Investments’ (FPI’s) turnkey multi-strategy portfolios. I reviewed, from the financial adviser’s perspective, many of the benefits of risk-managed strategies—in good times and bad.

U.S. equity markets posted gains in all three indexes last week. The S&P 500 gained 4.26%, the NASDAQ Composite gained 4.7%, and the Dow Jones Industrial Average gained 2.97%.

Last week, the gold spot price was up 2.22% and the U.S. Dollar Index was down 0.77%.

Last week, gold prices continued rising after the Federal Reserve meeting.

The major U.S. stock market indexes were up last week. The S&P 500 increased by 2.55%, the Dow Jones Industrial Average gained 1.95%, the NASDAQ Composite was up 3.33%, and the Russell 2000 small-capitalization index rose 3.58%. The 10-year Treasury bond yield fell 16 basis points to 2.75%, taking Treasury bonds higher for the week. Spot gold closed the week at $1,727.64, up 1.14%.

Last week, the gold spot price was up 1.14% and the U.S. Dollar Index was down 1.23%.

U.S. equity markets posted gains in all three indexes last week. The S&P 500 gained 2.55%, the NASDAQ Composite gained 3.33%, and the Dow Jones Industrial Average gained 1.95%.

Reading Dr. Edward Thorp’s 1967 book “Beat the Market” in the summer of 1968 changed my life. I had picked the book up as a summer read while home from college. I was intrigued. Years before, I had read a Life magazine account of how Professor Thorp had created the system to beat the dealer at the game of blackjack, or 21.