Economic Cycle Research Institute | ECRI Mobile

Economic Cycle Research Institute | ECRI Mobile

Comments

Post a Comment

Popular posts from this blog

April 30, 2021 Portfolio Results and Market Commentary

Year-to-date, the BVA Value Momentum Portfolio Strategy return is up 56.03% compared to a gain of 11.13% for the Morningstar US Market Index. Since the start of the portfolio on January 2, 2019, the BVA Value Momentum Portfolio Strategy return is up 262.16% compared to an increase of 25.61% for the Morningstar US Market Index. There were no changes to the Portfolio in April. All three main US stock indexes lost significant ground on Friday, with the S&P 500 retreating from records set on the last session amid a broader market sell-off led by the energy sector. With much of the good news on the corporate earnings and economic front already priced into the market, worries about rising coronavirus cases and soaring Treasury yields once again kept sentiment subdued. Amazon.com reported Thursday a record first-quarter profit, while Twitter offered tepid revenue guidance for the second quarter. On the economic data front, the US economy advanced at an annual rate of 6.4% in...
Read more

Market and Economic Commentary - Week Ending 03/06/2020

Market and Economic Commentary - Week Ending 03/06/2020 Global Stocks Settle Lower on Concern about the Economic Fallout from the Spreading Coronavirus The S&P 500 Index ($SPX) on Friday close down -1.71%, the Dow Jones Industrials Index ($DOWI) closed down -0.98%, and the Nasdaq 100 Index ($IUXX) closed down -1.63%. U.S. stock indexes on Friday sold off sharply again on concern about the economic fallout from the spreading coronavirus. Confirmed cases of the coronavirus have risen above 100,000 in more than 60 countries, with more than 3,400 deaths. Energy stocks on Friday plummeted as crude oil prices sank more than 10% to a 3-1/2 year low. Crude prices dropped after Russian Energy Minister Novak told OPEC ministers Friday in Vienna that he favored maintaining OPEC+ crude output at current levels until June when they could again consider deeper cuts. OPEC ministers on Thursday had agreed to an additional 1.5 million bpd cut in crude production for Q2 with 1.0 million bpd...
Read more