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The WSJ opined the Biden Administration is “going after the mother of all tax hikes.” The Administration is proposing to increase taxes on income, capital gains, corporate taxes, inheritance and if ...

Will there be any change in monetary policy, the result of tomorrow’s FOMC meeting? As noted many times inflation is a two-part phenomenon…monetary and psychological. Both elements are ...

Will monetary policy assumptions soon change? Yesterday’s data continued to surprise on the upside. Retail sales, initial jobless claims, the Philadelphia Fed all painted a picture of strength. ...

Yesterday I commented about the massive outperformance of technology which started in earnest in 2016. According to Bloomberg the ten years of tech outperformance is the longest stretch in history with concentrations exceeding the manic 2000 apex. ...

Is the circus in Washington beginning to weigh on the markets? To date Washington has been viewed nothing other than a freak show, a made for reality TV and cable show. Has all crossed over the proverbial lines? Perhaps the only concrete statement to make...

Perhaps I should have titled today’s remarks that the markets have never really deviated from normalcy. I have written many times that I believe interest rates are the largest component of valuation (and technology based trading) formulas. Markets today are only reacting in greater fortitude...

Led by financial and healthcare, equity markets declined the most in a month. Throughout the day many were asking what the possible catalyst is for the decline given positive movement on trade. Some speculated it was the inability of the S & P...

According to the Bank of England (BOE), short term interest rates are at the lowest level in 5,000 years of know financial history.  Long term interest rates are also close to that level....