Capital Markets Weekly Update

Macro Commentary: By: Ariel Segal Strong demand for single-family homes have pushed U.S. Housing Starts to rise for the fourth straight month. Forecasts underestimated actual construction starts by 109k in December. The growth of 5.8% from November into December represents the fastest pace since 2006. Hours after the inauguration on Wednesday, President Biden signed 17 … Read more

Capital Markets Weekly Update

Macro Commentary: By: Ariel Segal Retail sales were reported to be much weaker than expected on Friday with a -0.7% decrease when they were expected to be flat for the month of December. In addition, November was revised downward from -1.1% to -1.4%. The strongest sales occurred at clothing stores and motor vehicle dealerships, increasing … Read more

Capital Markets Weekly Update

Macro Commentary: By: Ariel Segal The first Nonfarm payrolls decrease since April was reported last week on Friday. The restaurants and hospitality industry took on the majority of the job losses, while retail, construction/manufacturing, and professional services all posted solid gains. After the payrolls report, President-elect Joe Biden called for trillions of dollars in immediate … Read more

Capital Markets Weekly Update

Things That Make You Go Hmmm… By: George Boyan Happy New Year!  Now that its 2021, the virus is miraculously behind us, Washington DC politics are completely settled, therefore no uncertainty in the financial markets. Oops—I must have still been dreaming.  In fact, quite the opposite is true.  Vaccines are being administered at a snail’s … Read more

Capital Markets Weekly Update

Things That Make You Go Hmmm… By: George Boyan This will be the final edition of the Capital Markets Weekly Update for 2020.  We wanted to take a moment and thank you for subscribing and reading our commentary.  We wish our readers a happy, healthy and prosperous New Year! 2020 was extraordinary due to the … Read more

Capital Markets Weekly Update

Things That Make You Go Hmmm… By: George Boyan Equity markets are once again making new all-time highs just as the first COVID vaccines are being administered in the United States.  Fixed income yields remain extraordinarily low with a commitment from the Fed for extremely accommodative policy for the foreseeable future.  The DJIA is now … Read more

Capital Markets Weekly Update

Things That Make You Go Hmmm… By: George Boyan November marked a record month for risk assets, with the S&P 500 notching a 10.5% return.  The prospects of divided government and a COVID vaccine have paved the way for substantial gains.  Remarkably, the DJIA, S&P and NASDAQ performed roughly in line for the month, sparking … Read more

Capital Markets Weekly Update

Things That Make You Go Hmm… by: George Boyan Markets are diverging. Political leaders are warning against a ‘dark winter’ as COVID cases are peaking around most of the country. However, markets are looking past the current figures to the promise of a highly effective vaccine and apparent advancements in therapeutics that have the mortality … Read more

Capital Markets Weekly Update

Macro Commentary: Election Day Tuesday. Fed meeting Thursday. Payrolls Friday. It was a busy week last week. As expected, election results were not immediately following Election Day due to the complications of voting during a pandemic and the tabulation of mail-in votes. But on Saturday most news sources were calling the race for Joe Biden … Read more

Capital Markets Weekly Update

Things That Make You Go Hmmm… By: George Boyan Leumi USA Capital Markets is ready and able to facilitate any client transactions ahead of Election Day, but the most likely scenario is that we will not know the outcome for several more days.  The Supreme Court of the United States has granted several states, including … Read more