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Category Archives: Interest Rates

Stocks close mixed as the 10-year Treasury yield hits highest level in a year

Wall Street has a few prudent principles; the trouble is that they are always forgotten when they are most needed. – Benjamin Graham The major stock averages were mixed last week as the Dow Jones Industrial Average eked out a modest gain while the S&P 500 Index and the Nasdaq Composite Index were down 0.7% […]

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Major stock averages close at record highs on stimulus hopes, strong earnings

Risk and time are opposite sides of the same coin, for if there were no tomorrow there would be no risk. Time transforms risk, and the nature of risk is shaped by the time horizon: the future is the playing field. – Peter L. Bernstein, American financial historian and economist Stocks continued their upward climb […]

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Stocks rebound strongly on stimulus optimism, vaccine rollout

Stock market corrections, although painful at the time, are actually a very healthy part of the whole mechanism, because there are always speculative excesses that develop, particularly during a long bull market. – Ron Chernow After a volatile and losing week caused by a surge in prices of several stocks with significant levels of short […]

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Stocks sink as short squeeze unnerves markets

Superior investors make more money in good times than they give back in bad times. – Howard Marks Although the good news far outweighed the bad news last week, it was speculative trading by retail investors in Gamestop and a few other heavily shorted stocks that caused massive losses at a few hedge funds and […]

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Stocks rebound on strong earnings, stimulus hopes

That is one of the mysteries of our business, and it is a mystery to me as well as to everybody else. We know from experience that eventually the market catches up with value. It realizes it in one way or another. – Benjamin Graham The stock market rebounded in the holiday-shortened week to post […]

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Stocks close lower on weak economic data, rising Covid-19 cases

The wisest rule in investments is: when others are selling, buy. When others are buying, sell. – Jonathan Sacks Profit-taking hit the stock market last week as both the S&P 500 Index and the Nasdaq Composite Index fell 1.5% even though President-elect Joe Biden announced a $1.9 trillion stimulus package and the Federal Reserve reiterated […]

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S&P 500 gains nearly 2% for the week, bodes well for 2021

Over the short-term, however, the fundamentals are often overwhelmed by the deafening noises of speculation – the price at which the stock market values each dollar of earnings. – John Bogle Despite several events last week that under normal circumstances would have caused the stock market to trade lower, just the opposite happened as all […]

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Stocks gain on positive vaccine news, hope for stimulus bill

Outperforming the majority of investors requires doing what they are not doing. Buying when others have despaired, and selling when they are full of hope, takes fortitude. – John Templeton The stock market turned in another positive week as the Dow Jones Industrial Average, S&P 500 Index and Nasdaq Composite Index all closed at record […]

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S&P 500 closes at record high despite rising Covid-19 cases, weak jobs report

If people are risk-tolerant and afraid of being out of the market, they buy aggressively, in which case you can’t find any bargains. That’s what the Fed engineered by putting rates at zero. – Howard Marks The stock market continued to defy gravity last week as all three major averages posted gains and closed at […]

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Stocks plunge as rising Covid-19 cases create uncertainty

It’s very difficult for any particular segment of the stock market to sustain superior performance. The watch word for our financial markets is, “reversion to the mean” i.e. what goes up must come down, and it’s true more often than you can imagine. – John Bogle Last week’s stock market action could probably be best […]

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