Weekly Market Commentary

Cabana’s CEO Chadd Mason shares his unique perspective on the markets here and across the world every Monday.

Chadd Mason

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1 day ago

Investing is Easy… Until It’s Not: Market Commentary from Cabana’s CEO – December 6, 2021

The last week certainly falls into the not so easy category when it comes to investing. Equities of all types have sold off… hard. Small caps and technology have gotten the worst of it, but that is largely due to the blue chips and industrials underperformance over the past several weeks. All major indices have fallen from 5-10% in the rush to exit risk assets. The culprit is alleged to be a combination of the Covid-19 Omicron… Read the full article.

6 days ago

Covid-19… The Gift That Just Won’t Quit Giving: Market Commentary from Cabana’s CEO – December 1, 2021

The emergence of a new coronavirus strain dubbed Omicron sent world stock markets into freefall late last week. Whether this new threat sets us back economically remains to be seen. Initial reports suggest the variant is more transmissible than Delta and is likely to be less responsive to vaccination and treatment. The good news is that the early… Read the full article.

3 weeks ago

Nothing is Ever Completely Clear When It Comes to Investing… and Today is No Different: Market Commentary from Cabana’s CEO – November 16, 2021

The major U.S. stock indices broke a six-week winning streak last week. This is despite a pretty strong day on Friday. As we have pointed out several times, some backfilling is entirely appropriate given the move up we have seen since early October. The New York Fed released its Manufacturing Index for November yesterday. Manufacturing activity exceeded expectations and appears to… Read the full article.

4 weeks ago

Eight Straight Days of Gains by the S&P 500… a Winning Streak not Seen Since 1997: Market Commentary from Cabana’s CEO – November 8, 2021

Equity markets continue upward on the back of strong earnings. Most of the companies (81%) in the S&P 500 that have reported, beat analysts’ forecasts. A blowout jobs number on Friday and muted response to the Fed’s announcement of its intent to taper bond purchases, have also contributed to eight straight days of gains by the benchmark S&P 500 (SPY). This is… Read the full article.

1 month ago

October Was a Good Month for Investors… Can We Expect the Same from November and December?: Market Commentary from Cabana’s CEO – October 27, 2021

Earnings season remains in full swing. As of this morning, 162 companies in the S&P 500 have reported. Eighty two percent have beaten estimates – and by a median of 9%. These continue to be solid numbers. More importantly, the actual and projected growth trend is positive. This trend is ultimately weighed against current price… Read the full article.

2 months 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.

2 months 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 months 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.

3 months 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.

4 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.

4 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.