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

Is there a liquidity crisis? Yesterday’s repo auction was oversubscribed by a factor of two. However yields did not spike. The Fed is providing the necessary liquidity, operating in its most foremost capacity of being the “banker’s banker,” the lender of last...

As widely known, the Dow is down for six consecutive weeks. Will this week be the seventh? Bespoke Investment Group states that since 1900 there have only been seven 7-week losing streaks and just one ...

Equity markets declined yesterday on mixed earnings. Disappointing results from both Alphabet and Samsung overshadowed stronger than expected profits from GE and Pfizer. Oil rose on Venezuelan unrest, Saudi Arabia signaling a ...

Equities were again mixed as a group of high profile earnings offered disparate clues on the strength of the economy. Treasuries continued to slump with rates falling to levels last seen before the Fed’s dovish tilt a month ago. Oil advanced about ...

Markets were relatively quiet as two mega sized financials posted disappointing results. Many are beginning to write the current advance is “looking tired.” Will earnings rejuvenate the averages? Several high profile companies report this week including ...

Fourth quarter earnings season is accelerating. A quick and obvious observation is that if the company exceeds expectations, shares rise and vice versa. Leuthold Group writes earnings day turbulence in individual companies late last year reached the highest since...

The G-20 meeting is over. I believe the two greatest issues facing the markets for the intermediate future is monetary policy and the normalization of the Fed’s balance sheet.  Both...

Equities advanced the most in eight months after a dovish tone from the Federal Reserve chairman fueled speculation the central bank is closer than thought to pausing on rate hikes.  FAANG led the markets higher. The Chairman said the economic outlook remains “solid,” bolstering expectations for...

Where to?  During the last 45 days it appears everything is going wrong at once.  Commodities led by a record plunge in oil, have been crushed.  In equities, the FAANG complex is down about 25%.  Debt markets have been rattled by the turmoil engulfing GE...

Many times I have commented about the massive proliferation of passive investing and how it is impacting trading mechanics.  According to the Index Industry Association, benchmarking giants like S & P Global Inc., MSCI Inc., and the London Stock Exchange Group PLC, has created 438,000...