COVID-19, the Economy, and the Capital Markets
Timely Observations & Insights from JAG’s Portfolio Management Team
Important Notice: St. Louis Office Opening By Appointment Only
June 15, 2020 In response to the easing of restrictions related to the COVID-19 pandemic, we will be opening our St. Louis headquarters building at 9841 Clayton Road beginning Monday, 6/15/2020 by appointment only. Our team will continue to work and service our clients on a rotating schedule inside the office and remotely at home. […]
How Safe is the “Flight to Safety” Trade?
Coronavirus fears have driven an epic cascade of capital into risk-free assets like US Treasuries. 10-year Treasury yields have collapsed from 1.9% to less than .6% since the end of 2019. Meanwhile, investment-grade credit spreads have widened. The result? A truly extreme relationship between BAA-rated bond yields and Treasury yields. As of 3/9/2020, the […]
Coronavirus Correction Market Impact: A Historical Perspective
What has happened following big six-day drops in the S&P 500?
JAG Capital Review & Outlook
Looking Back at 2019, Setting the Table for 2020
Private Wealth Commentary: Q4 2019
Economic Outlook There is much media discussion and investor concern about what may be ahead in 2020 and beyond. Indeed, similar concerns came up at the beginning of 2019. It is not wise to manage investments based on emotions that the market is “due” for a correction, even while pundits foster this fear. Macro data […]
4th Quarter 2019: 2020 Hindsight
Stocks broke out to all-time highs in the 4th quarter, after spending the prior three quarters struggling to meaningfully eclipse the previous highs set in October 2018. Even if we had been granted the magical opportunity to read last year’s headlines in advance, our guess is that most of us would have vastly underestimated equity […]
Rate of Returns During Rising Rates
Periods are for the calendar years stated. Quartile ranking data provided by PSN Informa, using the Core Fixed Income PSN Universe (gross of fees). At the time of this report, the PSN Core Fixed Income Universe was comprised of 226 managers for 1999 statistics; 350 managers for 2009; 360 managers for 2013. 10-Year U.S. Treasury […]
3rd Quarter 2019: Excuse Me
Although stocks are up nicely so far in 2019, the S&P 500 is trading essentially flat with levels it was at in January 2018. This lackadaisical performance over the past 20 months comes despite modest growth in corporate earnings, and it obscures a sharp 20% correction that hit the market hard during last year’s 4th […]
Norm Conley Shares Stock Picks
On TD Ameritrade’s Morning Trade Live, JAG Capital Management’s CEO and CIO Norm Conley shared his stock picks. Watch now: Morning Trade Live