This past week we saw major U.S. indices tread water at their all-time highs. Underneath the hood, money is rotating from low beta assets such as bonds, real estate, utilities and dividend payers, into cyclical assets like technology, transportation, energy and industrials. Financials continue to benefit from rising long-term interest rates and a steepening of the… Read the full article.
Our market commentary earlier this week touched on the internal rotation into risk assets that we’ve seen over the past month. In follow up, I have shared below a chart of performance within the various sectors of the broad U.S. equity market over the past 30 days. As you can see, money has rotated into… Read the full article.
The Fourth Quarter Rally We’ve Been Hoping For: Market Commentary from Cabana’s CEO – November 4, 2019
The S&P 500 and Nasdaq both closed last week at all-time highs. For the past several weeks we have noted improving conditions, which resulted in market participants reallocating to risk assets. Higher beta stocks like technology, small caps and emerging markets are outperforming defensive sectors like utilities, consumer staples and real estate. Financials are getting a… Read the full article.