Market Concentration Archives - Capitol Development Account

QUANTIFYING THE VELOCITY OF CHANGE

Bloomberg quantified the velocity of change that occurred last Monday and Tuesday in the rotation from growth to value. Bloomberg stated “the quant shock that never could ...

16 November, 2020

THE INVERSE OF LAST WEEK….

The Dow soared 2.9% and bonds tumbled after a large-scale coronavirus vaccine study delivered promising results. Unlike last week’s advance where the majority of the companies in the S & P 500...

10 November, 2020

STIMULUS AND ANTI TRUST LITIGATION

In my view the market had little reaction to what Bloomberg writes “is the most significant monopoly case filed in the US in perhaps 100 years.” The US Justice Department is poised to...

21 October, 2020

YESTERDAY WAS A RECORD DAY FOR BOTH TECH AND HOUSING SENTIMENT

The WSJ wrote “technology companies are set to end the year with their greatest share of the stock market yet, topping the dot-com era peak.” The Journal stated that companies involved in ...

20 October, 2020

VOLATILITY IS AGAIN RISING FOR THE NASDAQ…JP MORGAN’S LATE AFTERNOON PRONOUNCEMENT

Most are searching for a catalyst for the decline in the NASDAQ. Yesterday’s prevailing reason was the Fed’s statement echoing well known COVID concerns. I ask is this not oxymoronic given that ...

18 September, 2020

IS THE RISE IN THE CPI A ONE-OFF EVENT?

Core consumer prices rose considerably more than expected in August, a rise principally due to a 5.4% surge in used car prices. Such an increase is unusual this early in the...

14 September, 2020

DISAPPOINTING ADP EMPLOYMENT SURVEY…CDC TELLS STATES TO PREPARE FOR VACCINE DISTRIBUTION BY NOVEMBER 1

The private sector ADP Employment Survey disappointed. Analysts were expecting a 1 million increase in jobs. The Survey only indicated a 428,000 gain. July’s data was...

03 September, 2020

MANUFACTURING INVENTORIES ARE AT AN ALL TIME LOW…

The ISM Manufacturing Index rose to 56.0 in August from 54.2, indicates that the manufacturing sector has continued to recover at a solid pace. But the recovery in production is ...

02 September, 2020

“PARTY LIKE IT IS 1999”

The comparisons back to 2000 are increasing daily. A major difference between today and yesterday is the massive concentration of wealth in just a few names. The pressure to...

01 September, 2020

IT IS NOW THE S & P 5 NOT THE S & P 500

Perhaps Brown Brothers Harriman put today’s market into proper perspective when the firm stated...

20 August, 2020