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2 days ago

It’s “Moving Day” in the Stock Market: Market Commentary from Cabana’s CEO – October 21, 2021

Earnings season is now in full force and 55 companies have already reported their third quarter results (11% of the S&P 500). Of these, 85% beat their estimates – and by a median of 9%. We have another 76 companies reporting this week. We reiterated again last week that it is largely earnings that drive stock prices, and indirectly the relative attractiveness of other asset classes in the never-ending search… Read the full article.

1 week ago

Despite Recent Volatility, We Remain Well Within a Bull Market: Market Commentary from Cabana’s CEO – October 12, 2021

Equity indices remain weak and volatile. Bond yields have continued to climb on the back of a perceived worldwide energy shortage. Typically, we see bond yields fall when stock prices drop (bond yields and prices move in the opposite direction). This is due in part to a flight to safety but, more importantly, as a result of forecast economic weakness and… Read the full article.

2 weeks ago

House Tax Proposal Demands Urgent Action

By Chris Carns The House Ways and Means Committee put forth a broad, impactful tax proposal that addresses many of the promises of the Biden administration. If enacted, many of the proposed changes would go into effect on January 1, 2022; however, some would go into effect as of the date of the introduction of the… Read the full article.

3 weeks ago

Seasonal Lows Arrived Just on Time: Market Commentary from Cabana’s CEO – October 5, 2021

Two weeks ago, we pointed out that a long-overdue market correction had likely begun. Despite a snap back in prices that took place during the third week in September and some healthy rotation into cyclicals, the broad market cap-weighted indices have reversed to new lows. The S&P 500 (SPY) dropped 5% in September, for its worst month since March 2020. October hasn’t been much better, as the… Read the full article.

1 month ago

Is a Market Correction Underway? Market Commentary from Cabana’s CEO – September 20, 2021

Well, the much anticipated market correction appears to be underway. We have recently touched on the numerous factors coming together at once as a catalyst for an inevitable pullback. The one which we did not see coming is the potential collapse of a really huge Chinese real estate company named Evergrande. It seems to be grand all right. Mainly in how much debt it has. Three-hundred billion… Read the full article.

2 months ago

Remaining Resilient in the Face of Significant Adversity: Market Commentary from Cabana’s CEO – August 17, 2021

The major US equity market indices have remained resilient in the face of significant adversity, which is a huge understatement. Despite the reemergence of COVID, masks and all-time highs in hospitalizations, buyers continue to step in on each dip. We received an absolutely horrible consumer confidence number on Friday, one of the biggest month-over-month drops in history and the lowest reading… Read the full article.

3 months ago

Despite Strong Earnings, Equity Markets Continue to Struggle: Market Commentary from Cabana’s CEO – August 3, 2021

Equity markets continue to struggle to reach higher ground despite strong earnings. Over the last several weeks we have discussed the relative weakness in many stocks, yet, impressively, stocks have not yet seen a sustained drop. Bond yields are signaling weakness going forward and a preference for safe yield over continued growth. I continue to believe we… Read the full article.

4 months ago

How the Market Reacted to Yesterday’s Federal Reserve Meeting Verdict: Market Commentary from Cabana’s CEO – June 17, 2021

This past week we have seen U.S. equity markets edge up to new highs. The stock market’s performance has continued to impress us since March. In our view, this performance can be attributed to continued positive earnings, upbeat expectations for growth over the next 18 months and a pullback in interest rates following the historic… Read the full article.