Market In a Snap! September 22nd, 2023
What to expect after the Fed’s second pause of the year…
Presidio Capital Management
September 22, 2023
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Market In a Snap! September 1st, 2023
Last week we had the opportunity to sit down with Nosh Engineer – VP Capital Markets Group – Fidelity Investments. See what Nosh had to say.
Presidio Capital Management
September 1, 2023
Market In a Snap! August 18th, 2023
Higher rates have recently challenged both stocks and bonds; are investors in for a repeat of 2022 where both major asset classes fell together?
Presidio Capital Management
August 18, 2023
Market In a Snap! August 4th, 2023
What does the US Treasury Debt Downgrade Mean for Markets?
Presidio Capital Management
August 4, 2023
Market In a Snap! July 28th, 2023
Highlights from the Presidio Capital Management Webinar – “Navigating the Storm”
Presidio Capital Management
July 28, 2023
Market In a Snap! July 14th, 2023
Markets celebrated signs of cooling inflation this week, however, are markets still too optimistic over Fed rate cuts?
Presidio Capital Management
July 14, 2023
Market In a Snap! June 30th, 2023
Halfway through 2023, little on Wall Street has gone according to plan. Find out what we are watching headed into the second half.
Presidio Capital Management
June 30, 2023
Market In a Snap! June 12th – June 16th, 2023
The S&P 500 closed the week at a level more than 20% above the lows of October ’22, meeting one definition of a “bull market.” Bull markets are historically favorable for equities and credit and coincide with a healthy environment for corporations to grow revenues and profits. Before celebrating the return of the bull, however, prudent investors may want to closely examine some common bull market economic indicators that could either confirm or reject the bull market thesis.
Presidio Capital Management
June 16, 2023
Markets In a Snap! June 5th – June 9th, 2023
Can Small Cap Stocks Catch Up to Large Caps?
Presidio Capital Management
June 9, 2023
Market In a Snap! May 30th – June 2nd, 2023
Stocks and bonds are sending conflicting signals about the economy…which is right?
Presidio Capital Management
June 2, 2023
Market In a Snap! May 22nd-May 26th, 2023
Market Recap: Have We Already Entered Recession and Should We Care?
The wall street aphorism that the market is not the economy has rung true so far this year. US Large Cap stocks are up almost 10% through the first five months of the year, powered higher by the high-flying tech stocks, despite signs that the ongoing unwind of fiscal and monetary stimulus is slowing growth and leading to pockets of stress in the markets.
Presidio Capital Management
May 26, 2023
Market In a Snap! May 15th-May 19th, 2023
After leading the markets to the downside last year, US large-cap stocks have been the best performer year-to-date. The equal-weighted S&P 500 index is +1.14% for the year vs. a +9.44% rally for the market-cap weighted S&P 500 index.
Presidio Capital Management
May 19, 2023
Market In a Snap! May 8th – May 12th, 2023
Despite inflation reports which showed the pace of inflation continues to moderate – both as measured by the Consumer Price Index and the Producer Price Index, markets finished the week lower, weighed down by little progress towards resolving the US debt ceiling. Should congress fail to reach a debt ceiling agreement, the Brookings Institute estimates that the treasury could continue to make interest payments on government debt but would have to cut other outlays by 25%.
Presidio Capital Management
May 12, 2023
Market In a Snap! May 1st – May 5th, 2023
A very volatile week in markets saw the major indices rally on Friday to finish the week only modestly lower. The week was highlighted by the Federal Reserve decision announcement on Wednesday to hike the federal funds rates by 0.25% to 5.0-5.25%.
Presidio Capital Management
May 5, 2023
Market In a Snap! April 24th – April 28th, 2023
Strong earnings results from Meta, Microsoft and Alphabet pushed equity markets higher this week, with the tech-heavy NASDAQ leading gains. On the economic front, a drawdown in business inventories led to a weaker-than-expected estimate of US economic growth for the first quarter of the year.
Presidio Capital Management
April 30, 2023
Market In a Snap! April 17th – April 21st, 2023
Mixed corporate earnings, political negotiations over the US debt ceiling and signs of a deteriorating US labor market contributed to a mixed week in equity markets. Overseas, European markets continued to push higher, and China’s GDP estimates beat forecasts and showed continued economic acceleration as it emerges from its “Covid zero” restrictions.
Presidio Capital Management
April 23, 2023
Market In a Snap! April 10th – April 14th, 2023
A busy week for economic data which, on the whole, showed slowing economic growth and moderating inflation pressures pushed equity indices to modest gains. A busy week for economic data which, on the whole, showed slowing economic growth and moderating inflation pressures pushed equity indices to modest gains. Inflation data, highlighted by the CPI and PPI reports, came in below expectations.
Presidio Capital Management
April 15, 2023
Market In a Snap! April 3rd – April 7th, 2023
Stock markets closed for the holiday shortened week on Thursday afternoon (the harder working bond market, however, has a shortened trading day on Friday). Stocks finished the week lower as PMI & employment data came in weaker than expected.
Presidio Capital Management
April 6, 2023
Market In a Snap! March 27th – March 31st, 2023
March finished on a positive note, with the S&P 500 advancing 3.5% on the month and 6.4% above the March 10th lows. Easing concern about the banking sector and slowing inflation gave rise to the hope that the Fed will achieve a ‘soft landing’ – bringing inflation down towards its 2% target without pushing the economy into outright recession.
Presidio Capital Management
March 31, 2023
Market In a Snap! March 20th – March 24th, 2023
Markets were broadly higher in a week that saw continued volatility on the back of the ongoing turmoil in US (and now global) banks and a Federal Reserve that gingerly toed the line between giving in on the fight against inflation and being tone-deaf to the mounting evidence that its policies are leading to economic and market-related stress.
Presidio Capital Management
March 25, 2023
Market In a Snap! March 13th – March 17th, 2023
Major US stock indices finished the week higher amidst volatility driven by continued pressure in the banking sector as both the government and other large banking institutions took action in attempt to provide liquidity to smaller banks facing large outflows and also to shore up confidence in the banking sector as a whole.
Presidio Capital Management
March 18, 2023
Market In a Snap! March 6th – March 10th, 2023
Markets finished the week on a negative tone, as tech-focused lender Silicon Valley Bank (SVB) was shuttered by US regulators. SVB, the 16th largest bank in the U.S., ran into difficulties as withdrawal requests (a short-term liability to the bank) were backed by a portfolio of long-dated treasury and mortgage backed bonds (long-dated assets).
Presidio Capital Management
March 11, 2023
Market in a Snap! February 27th – March 3rd, 2023
Markets began the month of March on a positive note, with gains in cyclically sensitive sectors such as energy, materials, and industrials more than offsetting losses in utilities and healthcare. On the economic data front, relatively strong global economic data suggested continued central bank tightening may be appropriate in light of inflation remaining above policy targets.
Presidio Capital Management
March 6, 2023
Market in a Snap! February 20th – February 24th, 2023
Markets had a tough holiday-shortened week. Stock and bond prices fell as bond yields rose, reflecting investors’ adjusted views on a Federal Reserve which may need to maintain a restrictive policy stance in light of stickier inflation and diminished signs of a severe economic downturn.
Presidio Capital Management
February 25, 2023
Market in a Snap! February 6th – February 10th, 2023
Stock markets took a pause last week, posting the biggest five-day losses since mid-December, yet remain broadly positive on the year. The decline was largely due to dampened expectations of a Fed rate cut by year-end as Fed Chair Powell reiterated the committee’s expectations that policy would likely remain tight.
Presidio Capital Management
February 13, 2023
Market in a Snap! January 30th – February 3rd, 2023
Despite finishing the week on a softer note, markets continued their very strong start to the year. Despite trailing their tech counterparts in the NASDAQ, small-cap stocks (as measured by the Russell 2,000) posted their strongest start to the year since 1987.
Presidio Capital Management
February 6, 2023
Market in a Snap! January 23rd – January 27th, 2023
US Markets rallied this week with all three major indices posting gains on the back of a better-than-expected Q4 ’22 GDP report and corporate earnings. On the economic data front, the initial estimate of 2022 Q4 growth was 2.9%, beating estimates and the PCE price index reported a 5% gain from December ’21 – slightly below expectations and the lowest reading since September 2021.
Presidio Capital Management
January 28, 2023
Market In A Snap! January 16th – January 20th
The broad stock market rallied on Friday to finish the week roughly unchanged. A strong end-of-week Initial Jobless Claims report combined with a declining Purchaser Price Index report offset the weak report in U.S. retail sales.
Presidio Capital Management
January 20, 2023
Market in a Snap! January 9th – January 13th, 2023
For our first market recap of 2023, we take a moment to both reflect on the year past and look forward to the year ahead. 2022 was a challenging year for investors; both the broad stock market and bond market finished in negative territory and a blended portfolio of 60% stocks and 40% bonds had its worst year since the 1930s.
Presidio Capital Management
January 13, 2023
Market in a Snap! December 12th – December 16th, 2022
We got more signs that the economy is softening, with the US manufacturing Purchasing Managers Index clocking in at 49. Why is 49 an important number? Anything below 50 signifies a shrinking of the manufacturing economy.
Presidio Capital Management
December 19, 2022
