• All
  • Capitol Securities News
  • Equity Research
  • Independent Office
  • Locations
  • Market Commentary

Will political uncertainty begin to weigh upon equity prices? The world is dramatically changing. The EU holds elections in May and right of center parties are expected to capture over a third of the seats. France’s President Macron is desperately appealing to...

Tech stocks rallied after China ratcheted up stimulus to combat slowing growth. The pound erased a decline against the dollar after British lawmakers overwhelmingly voted down a Brexit deal and planned a confidence vote on May’s government.

...

The election is two weeks away.  Many believe Hillary Clinton will be the forty fifth president.  There is also a growing minority opining there may be a Brexit like surprise given the many similarities....

Equities advanced on thin holiday trading.  The catalysts, the belief Clinton will win on November 8 and oil....

What will second quarter profits suggest?  As noted yesterday results are expected to decline by 5.7%, the fifth consecutive quarter drop and the longest decline since 2009.  The post Brexit rally is the result of promised additional central bank stimulus, not from increased corporate cashflows...

June’s labor report has added to the “unusual uncertainty” environment facing the markets.  The report was the inverse of May’s broad based unexpected weakness…unexpected broad based strength....

Monetary velocity or the turnover of money is at record lows, partially the result of massive excess bank reserves via central bank stimulus.  Will velocity accelerate serving as a major catalyst for growth?...

A lot of the developed world has negative interest rates…a record $11.7 trillion in bonds according to the Financial Times. To put this amount into perspective, the total amount of bonds yielding over 2% is $2 trillion....

What gives?  It was almost universally believed Brexit would usher in something worse than September 2008.  While I must write no one knows the ultimate outcome and bad stuff may still happen, that is point that no one knows the outcome of Brexit....