Do You See What I See?
The market is rallying today on a possible European Union bailout plan for Greece. As it stands, the markets are on pace for their best weekly gains in three weeks and their first monthly gains since April. With so many headwinds still prevalent, I am not sure I understand such short-term optimism. Continue reading “July 21st 2011 Commentary”
Markets Taking a Breather
May’s market so far has been much like the weather in the Philadelphia area — soggy. With high gas prices, a continued debt crisis in Europe and mixed corporate earnings reports, investors have reduced their appetite for risk in the most recent trading sessions. The result has been a sell-off in areas that have shown the greatest strength over the past few months. Continue reading “May 18th 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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