Market Commentary Archives - Capitol Development Account

CONTADICTORY DATA, VACCINE AND STIMULUS

The Private Sector ADP Employment Survey greatly surprised on the downside. Analysts had expected private sector jobs to increase by 1.2 million but instead only...

06 August, 2020

THE WALL OF WORRY, COVID AND EARNINGS

Second quarter GDP declined by a record 32.9%. Analysts had predicted a 35% decline. My thoughts on this nominal positive surprise…big deal. What is the ...

31 July, 2020

THE FED, GDP AND EARNINGS…CAN TODAY BE A DEFINING DAY?

In my view the outcome of the Fed meeting was largely as expected. The Chairman stated we are in the most severe economic downturn “in our lifetime” and ...

30 July, 2020

THE DOLLAR, GOLD AND THE FED

Today marks the conclusion of the two-day FOMC meeting. No change in monetary policy is expected and most believe the Fed will continue with its dovish outlook....

29 July, 2020

GOLD AND EARNINGS

Gold is around an all time high. Some might ask why? Simplistically speaking, the government is hell bent to increase the deficit to levels as a percentage of GDP last experienced at ...

28 July, 2020

THE FED, GOLD, SECOND QUARTER GDP AND CONCENTRATION OF WEALTH

Led by the mega sized technologies, equities stumbled again Friday on concern over escalating trade tensions and worries the recovery has stalled. Gold is over $1,900 for the first time since ...

27 July, 2020

WILL THERE BE ANY ATTEMPT OF PUTTING TODAY INTO PERSPECTIVE?

Led by the NASDAQ 100 equites stumbled for a myriad of reasons. Some believe mega capitalized technologies are fully priced and only massively outsized earnings will ...

24 July, 2020

WILL THE DEFICIT TOP $30 TRILLION BY YEARS END?

Equities were mixed as all weighed the likelihood for a new spending bill, potential coronavirus vaccines and an escalation of trade tensions with China that could...

23 July, 2020

YESTERDAY WAS THE INVERSE OF MOST DAYS…VALUE LED OVER GROWTH

Yesterday was the inverse of most days. Equities led by value rose but the megacap tech shares fell. There is speculation Congress will agree to a fresh relief package, the amount however is...

22 July, 2020

The proverbial “stay at home trade” is thriving even following encouraging news on a potential virus vaccine. There are now over 130 vaccines in the development process and 17 are in late stage testing with some ...

21 July, 2020