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An argument can be made the proverbial buy on rumor and sell on fact phenomena could occur following the agreement of any trade deal. Yesterday the “New NAFTA” was agreed upon and the markets had little reaction. Can we make the assumption that ...

Equities advanced and bonds fell on speculation the US and China will reach a deal that avoids tariffs due to take hold in 11 days. The advance/decline almost reverses the prior day gyration. ...

Markets were relatively quiet yesterday. Little or no attention was focused on the weekend events in Hong Kong, Iran, Iraq, China (“reeducation camp” unrest), North Korea, and Israel. In years past all individually would have generated considerable market reaction. ...

According to Bloomberg 78% of 303 S & P 500 companies that have reported earnings have exceeded expectations. Regarding revenues, 39% beat forecasts and 40% matched. For the quarter earnings are expected to decline by 2.1% YOY, an improvement over the 3.8% expected...

Many times I have commented about the narrowness of the market. Bloomberg quantified this lack of breadth on Friday. The newswire stated Thursday was the third time this year that the number of decliners was least 400 more than gainers when the NASDAQ...

Many times I have commented about the lack of liquidity in the markets, the result of regulatory fiat, changes in market trading structures and the massive move to passive investing. ...

Treasuries declined about 1 ½ points, perhaps the result of consumer confidence unexpectedly rising to the highest level in three months. Analysts had expected a decline. The gauge of current conditions climbed to the highest level this year while ...

Equities edged higher, helped by fresh stimulus from the ECB, amid mixed signals on whether the Trump administration and China are closer to a trade deal. ...