Which Way are We Headed?
Looking for areas of the market that are showing consistent strength has been difficult over the last few weeks. Money inflows have varied based on headlines highlighting the situation in Libya, economic data and corporate earnings. Almost daily, we are seeing investor’s favoritism rotate between equities, bonds and commodities with no sector showing consistent leadership patterns.
Year in Review, Year in Preview
December 2010 ended on a strong note with the S&P 500 gaining more than 6% for the month. The December rally pushed the S&P 500 to its first back-to-back double-digit annual gains in more than 10 years. We can hope that the momentum continues and 2011 brings another positive year. Continue reading “January 18th 2011 Commentary”
Making Sense of the Recent News
This week provided the investing community with a flurry of significant news events that drove the direction of the markets. There was much attention paid to the election results, the Federal Reserve meeting and the employment numbers. Continue reading “November 5th 2010 Commentary”
Trying to Reason with Hurricane Season
As we enter hurricane season, the markets seem to swirl around as much as the latest tropical depressions that we hear about on a frequent basis this time of year. With the excessive amount of uncertainty that exists in the markets and the world economies, the direction and expectation of both changes daily based on the latest economic data released. The question remains, will the hurricane, or in this case, a double dip recession, hit, or will we escape with a little bad weather?
Economy vs. Earnings
I wrote in last month’s newsletter about the disparity between current economic data, which has been less than impressive, and corporate earnings, which have been surprisingly impressive, and the question on which piece of information will ultimately be the true indicator of where markets will head down the road. The conflicting data has the markets reacting on a day-to-day basis with sentiment swaying on the most current piece of news to cross the wires. It seems that there is no clear indication as to where the economy or the markets are heading. The struggle that the investing community is having is whether poor economic data will eventually start to effect corporate spending and lead to lower earnings, or if corporations, which are sitting on excess cash reserves, will start to increase capital expenditures that will lead to increases in both production and new hires, and thus improve future economic data.
Vavra Capital Management has released its July 2010 Newsletter.
Vavra Capital Management has released its June 2010 Newsletter.
Vavra Capital Management, LLC has released its May 2010 Newsletter.
Vavra Capital Management, LLC has released the April 2010 Newsletter.
Vavra Capital Management has released its March 2010 Newsletter
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