Dumaine Investments Weekly Market Update – June 6, 2023 • After an initial rally on Friday in response to the debt-ceiling resolution, US stocks have traded flat so far this week. Major indexes are bumping up against technical resistance levels, making the path toward further gains more challenging, especially without fresh catalysts. • Analysts appear...Read More

Dumaine Investments Weekly Market Update – May 24, 2023 • US stocks have traded lower over the past week as markets nervously await a resolution to the debt ceiling debacle. What was for a time background noise amid a challenging earnings season and speculation about Fed policy has reached a crescendo: the so-called X date...Read More

Dumaine Investments Weekly Market Update – May 16, 2023 • In a volatile market characterized by uncertainty in debt ceiling negotiations and turmoil in the banking sector, US stocks have traded sideways over the past week. Efforts are being made to break the deadlock as the June 1 debt ceiling deadline draws near but there...Read More

• US stocks have traded slightly higher over the past week as markets continue to digest tumult in the banking sector, mixed economic data, and the continued impasse on the nation’s debt ceiling negotiations. With the Fed now approaching the end of its interest rate tightening cycle, the key question is how long interest rates...Read More

• US stocks have traded marginally higher over the past week in an environment of growing uncertainty about the economy’s health and inflation’s resilience. The banking sector continues to show signs of stress, most notably in the failure of First Republic Bank, which was acquired by JP Morgan Chase in an emergency government-led intervention on...Read More

• US stocks have traded modestly lower over the past week as earnings season reaches full crescendo. Results continue to vary widely, with strong numbers from major tech companies and continued weakness in regional banks and consumer discretionary segments. Among cyclical sectors, the market appears highly focused on 2023 guidance, as a number of companies...Read More

• US stocks have traded modestly higher over the past week as earnings season has commenced. Earnings results have been mixed so far although large banks have generally fared well with quarterly results broadly ahead of estimates. Market concerns about 2023’s profitability remain an issue however, as companies that lowered earnings guidance (e.g., Goldman Sachs)...Read More

• US stocks have traded flat over the past week in an environment of growing uncertainty about the health of the economy and the trajectory of Fed policy. Yesterday’s sharply lower job openings report was followed this morning by additional data suggesting that the economy may be slowing. Nevertheless, another senior Fed official spoke today...Read More

Between a Rock and a Hard Place… After a year of extraordinary volatility in stock markets and historic losses in bond markets, investors might have had reason to hope for a calmer start to 2023. Unfortunately, the opposite proved to be the case as the first quarter was marked by both continued market turbulence and...Read More

2022: A Series of Unfortunate Events… The year was one of tumult for most economies as growth concerns, geopolitical conflicts, and inflationary pressures weighed heavily across the globe. 2022 opened with ongoing supply chain and production disruptions from the Covid pandemic which were sharply worsened by the February invasion of Ukraine by Russia. The Ukrainian...Read More