Tag Archives: Trump
Stocks Rocked The House Post Midterm Elections
After the S&P 500 logged its 9th worst Oct. on record, losing 6.9%, it has bounced back 2.6% month-to-date through Nov. 9, 2018. Though the monthly returns for the eight Novembers following the historically bad Octobers were only positive twice – in 1978 (President Jimmy Carter midterm year) and 1933 – the fact there was…
- Categories Equities, S&P 500 & DJIA
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The Trump Rally – Or Is That Global Sector Diversification?
This is the final post in our blog series that examines the domestic large-cap equity market performance, as represented by the S&P 500®, since the 2016 U.S. election.[1] We use the geographic revenue exposure of S&P 500 constituents to better understand whether or not Trump’s proposed U.S.-centric economic policies have had an impact on the…
- Categories Equities
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- Equities
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The Trump Rally – A Macroeconomic Perspective
As noted in a previous blog, The Trump Rally – One Year Later, the Domestic Revenue Portfolio underperformed the foreign revenue portfolio during the one-year period since the 2016 U.S election. We showed that currency movements may have negatively impacted the performance of the Domestic Revenue Portfolio. To better understand the currency risk of the…
- Categories Factors, S&P 500 & DJIA
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- Factors, S&P 500 & DJIA
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Regime Change? Not according to the VIX term structure…
Since the U.S. election, a degree of optimism over potential business-friendly legislation – ranging from tax reform to infrastructure spending – has played a significant part in sending benchmarks such as the S&P 500 to new all-time highs. Whether this optimism will be justified by actual legislation, of course, is a different issue. At a minimum, recent…
- Categories Equities, S&P 500 & DJIA, Strategy
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- Equities, S&P 500 & DJIA, Strategy
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Is Trump Making Commodities Great Again In His First 100 Days?
The short answer is no. The S&P GSCI (Spot) is down 4.0% since Jan 20, which is the 6th worst start of the 8 presidencies measurable by the S&P GSCI. Besides Trump, the data covers the start of the presidencies for Ford, Carter, Reagan, George H. W. Bush, Clinton, George W. Bush and Obama. However, not all…
- Categories Commodities
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- Commodities
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The First 100 Days
In 100 days one can: Sequentially boil 48,000 three minute eggs Enjoy nearly 1,372 viewings of The Usual Suspects (a tally I’ll admit to being embarrassingly close to achieving) Assemble evidence to render an arbitrary judgment on the accomplishments of a newly-elected US President Tomorrow marks the end of Donald Trump’s first 100 days in…
- Categories Equities, S&P 500 & DJIA
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- Equities, S&P 500 & DJIA
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How Commodities Might Do Under Clinton, Trump
In October, the S&P GSCI Total Return (TR) lost 1.5% but the Dow Jones Commodity Index (DJCI) TR gained 0.1%. The performance disparity was mainly due to the weighting difference in energy since crude oil in the indices slid near 10% from its mid-month high, on doubts over OPEC’s ability to agree on production cuts and the…
- Categories Commodities
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- Commodities
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