Stableford Capital Insights

Things are going well, no doubt. But is all as well as it seems? Once again equities are very narrow, with a handful of large capitalization stocks leading the charge. Read the January Market Commentary for a detailed overview of the situation.

Federal spending was substantial in 2023, particularly late in the year. Job growth has largely centered around government and healthcare, not cyclical sectors that might indicate a path to future growth. Read the December Market Commentary for a detailed overview of the situation.

Tighter financial conditions are impacting both stocks and the real world where higher interest rates are impacting auto loans, credit cards and overall business conditions. Read the October Market Commentary for a detailed overview of the situation.

After one- and one-half years of raising rates, the fed is finally getting the slowing economy it wants. But is it too much? Read the September Market Commentary for a detailed overview of the situation.

After a brutal September, the S&P 500 bounced 8% during October. With the heightened fears of the Liz Truss UK debacle in September, news could not get any worse—and it didn’t. When market sentiment and fear reach extreme levels, a constant stream of bad news is required to push indexes down further. In the absence of further unwelcome news, markets bounced. The October Market Commentary will try to help explain what is going on.

The Fed remained hawkish during the July meeting, but traders were having none of it, despite continued multi-decade highs in inflation. Yields on the US Treasury 10 Year fell 36 basis points during July as investors begin to price in an economic slowdown. Recall that the 10 Year was nearly 3.5% a month and a half ago. Bond managers have switched from inflation fear to recession fear. The July Market Commentary will try to help explain what is going on.

Equities rebound, defensive rotation under the index headline return and nominal rates increase in December. The December Stableford Marketing Commentary explains it and more.

What’s behind the bounce back of equities, the rise in nominal rates, and the gap between real rates and nominal rates? And, what does it mean for future investments and the economy? Are we in for strong growth or a slowdown? The October Stableford Marketing Commentary explains it and more.

What’s behind the bounce back of equities, the rise in nominal rates, and the gap between real rates and nominal rates? And, what does it mean for future investments and the economy? Are we in for strong growth or a slowdown? The October Stableford Marketing Commentary explains it and more.

It was a November to Remember! If someone told you in March that the S&P 500 would be hitting all-time highs in late 2020 while Covid-19 cases surged and offices and restaurants remained vacant, how would you have responded? Well, here we are. The S&P 500 increased 10.8% in November, an enormous move after 2 consecutive negative months. Stepping back, it makes sense: Equity markets are forward-looking. So, where do we go from here? Read more here.