June 29, 2022

Commitment of Traders Report 2022.06.28

Futures and Options Commitment of Traders Report June 28, 2022 Purpose The Commitments of Traders Report presents a weekly breakdown of the positions of hedge funds in futures and options markets. As a general rule, changes in hedge fund positions are positively correlated with changes in commodity market prices. For […]
June 3, 2022

May Returns and Asset Performance

Major Asset Classes May 2022 Performance Comparison Introduction May returns benefited from ‘spike lows’ in several asset markets, setting the stage for relief rallies over the second half of the month.  Performance across US equity indexes was mixed with several sectors posting notable gains.  Developed markets also posted positive gains […]
May 19, 2022

The Bumpy Road to Average Returns

The Bumpy Road to Average Returns Since 1926, the US stock market has rewarded investors with an average annual return of about 10%. But it’s important to remember that performance in any given year may be sky-high, extremely poor, or somewhere in between.  For example: Annual returns came within two […]
May 2, 2022

April Returns and Asset Performance

Major Asset Classes April 2022 Performance Comparison Introduction April market volatility was notable.  Red ink swept across the monthly results for most asset classes, highlighting the need for active risk management and strategies for capital preservation.  Equity and bond markets were down world-wide with few exceptions.  Strength in the US […]
April 19, 2022

Returns of the Biggest Large Cap Stocks

Think Twice Before Chasing the Biggest Large Cap Stocks The return profiles of companies change as they grow to become large cap stocks.  This is especially true of the ten largest companies trading on the US stock market. Initially, the returns that pushed them into leadership positions were impressive. But […]
April 2, 2022

March Returns and Asset Performance

Major Asset Classes March 2022 Performance Comparison Introduction March returns across markets were extraordinary for their speed and scale.   Returns across the asset classes were again dominated by events in Ukraine. Equity markets world-wide were up with only a few exceptions in the emerging markets. The market risk regime […]
March 28, 2022

S&P 500 Earnings Update – 1Q.2022

S&P 500 Earnings Update – 1Q.2022 Prelude to Earnings Season The first quarter earnings season is about to get underway and its worthwhile to review the latest earnings forecasts prior to the release of actual results. First, lets look at EPS guidance issued by companies since the first of the […]
March 2, 2022

February Returns and Asset Performance

Major Asset Classes February 2022 Performance Comparison Introduction February returns were dominated by events in Ukraine. Equity markets were down with only a few exceptions in emerging markets.  Value again led growth, consumer defensive stocks beat consumer cyclical stocks, and small-cap  beat large cap stocks.  A consistent theme in February […]
February 27, 2022

Sample Research Report

Sample Research Report Purpose The S&P 500 Market Insight Report presents high-quality data and research analysis on the S&P 500 Index in an easy-to-read format. The purpose of the data effort to inform our model portfolios and tactical asset allocations.  Research data is packaged with easy to understand content to […]
February 2, 2022

January Returns and Asset Performance

Major Asset Classes January 2022 Performance Comparison Introduction January returns slid significantly across all asset classes, with the exception of commodities.  Value lead growth stocks, consumer defensive beat consumer cyclical stocks, and large cap led mid- and small-cap stocks.  A consistent theme in January returns was the strong relative return […]