July 2022 Market Commentary

Let’s start Q3 on a positive note.  If there has ever been a time that the market was “due” to rally, it is in the months ahead.  Historical gains are impressive after a two-quarter 20% drop like we just experienced.  Following a correction like this, the market has...

June 2022 Market Commentary

  FOOLS RUSH IN?  OR A MARKET BOTTOM? There is no way to know yet if the recent rally in stocks marks a turning point for the market.  Was it “smart money” buying or a “fools rush in” kind of rally?  We will not let a market bounce blind us to the underlying...

May 2022 Market Commentary

The stock market is off to an awful start this year.  With a YTD decline of over 13% through April, the S&P 500 is off to its third worst start since WWII, and the NASDAQ has never had a weaker start over four months.  So one would expect investor sentiment to be...

April 2022 Market Commentary

Despite year-to-date losses for stocks, the estimated earnings of the S&P 500 companies for the next 12 months have continued to climb as shown below:   NO LETUP IN FORWARD EPS ESTIMATES Source:  Bespoke Investment Group This divergence between the trend in...