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by DERWOOD S. CHASE, JR. | Jul 28, 2023 | Market Commentary
The current market recovery was primarily limited to large cap tech stocks with 90% of the S&P 500 gain attributable to the “Magnificent Seven.” Finally, in the last six weeks mid and smaller cap stocks have also participated and last week the Dow Industrials and...by DERWOOD S. CHASE, JR. | Mar 29, 2023 | Market Commentary
Since WWII, the third year of the four-year presidential cycle has been the best for the stock market. However, there are a number of troublesome factors that concern me. While consumer spending has been quite resilient, as InvesTech Research notes over 23 million...by DERWOOD S. CHASE, JR. | Jan 6, 2023 | Market Commentary
January is the #1 S&P 500 Index and Nasdaq best performing month in pre-election years. We are mindful that all Pre-Election years since 1949 have an average gain of 16.8%, the ones after a mid-term bear market like 2022 average 20.3%. That history suggests that...by DERWOOD S. CHASE, JR. | Aug 31, 2022 | Market Commentary
The stock market’s rise since its bottom in June has been surprisingly strong and widespread. However, a number of technical indicators recently were beginning to indicate that stocks, especially the Nasdaq, were close to “overbought” and ripe for a correction....by DERWOOD S. CHASE, JR. | May 2, 2022 | Market Commentary
Most investors seem aware of the numerous negative factors: restrictive monetary policy with several 0.50% interest rate increases by the Federal Reserve Board (FRB) starting next month, mortgage rates now up to 5.25% reducing the affordability of new housing,...