Bezos’ Private Life is No Concern to Investors
On CNN Business, JAG’s CEO Norm Conley discussed the impact of Jeff Bezos’ private life on how the firm views Amazon stock. Read more: CNN Business, October 8, 2018 Is Amazon a good stock for investors? Read Norm Conley’s thoughts from June 2019.
4th Quarter 2018: A “Glitch” Down the Stretch
Love him or hate him, our President does not typically display a penchant for understatement. So, we were a bit surprised to hear Mr. Trump dismiss the recent stock market decline as a “little glitch.” Love him or hate him, our President does not typically display a penchant for understatement. So, we were a bit […]
Investors Remain Surprisingly Skeptical on Stocks
Stocks have rallied more than 15% since Christmas Eve, but investors are still feeling bruised by the brutal near-20% correction late last year. According to the January 2019 Conference Board Survey, 38.6% of respondents expect stocks will decline in the coming year, compared to 30.9% who expect stocks to rise. To put it another way, […]
Another Bullish Signal: S&P 500 vs. Predicted Value
After a rough 4th quarter, the broader stock market firmed recently, but it remains well off the highs set last September. To make things even more challenging for investors, the New Year is blooming with plenty of worrying headlines. To highlight just a few less-than-favorable facts, we are now in the longest government shutdown in […]
A Bullish (and Rare) Signal for Stocks in 2019
As most investors are aware, the stock market had quite a rough go in the 4th quarter 2018. From the 9/20/18 peak through the close of trading on 12/24/18, the S&P 500 fell by 19.8%, thereby falling just short of the traditional -20% decline that characterizes bear markets. Since then, stocks have staged an impressive […]
Disruption and Value Traps
According to Norm Conley, CEO and CIO of JAG Capital Management, market disrupters have created both opportunities and risks for value investors. The saying “look before you leap” has never rang more true. Read more, see page 58: https://secure.viewer.zmags.com/publication/746d5b27#/746d5b27/4
The (Long Term) Trend is Your Friend
Thanks to the recent stock market correction, the S&P 500 is now trading below its long-term inflation-adjusted trend for the first time since Apr-2017. The trendline represents the annual 6.9% “real” rate of return (including dividends) the S&P 500 has produced since 1926. Note from the chart above that stocks oscillate around this line over […]
Is the Energy Sector Tempting, or a Trap?
As we noted in the midst of last summer’s energy sector rally , we have been bearish on energy stocks since 2014. The Energy Sector SPDR (XLE) has declined by roughly 17% since June. Our stance has not changed, as we continue to be pessimistic on the global supply and demand outlook for petroleum. On the […]
Credit Market Clues on the Correction
Is the ongoing correction in stocks a relatively normal pause in an ongoing bull market, or is it signaling something more ominous on the horizon? No one can know for certain, but the credit markets can provide us with some clues. Both bear markets and recessions are often characterized by a tightening of credit conditions, […]
U.S. Stocks Make a Comeback
JAG Capital Management CEO Norm Conley discusses the outlook on the U.S. Stock Market,along with Hugh Johnson of Hugh Johnson Advisors. See the 2-minute video here: https://video.foxbusiness.com/v/5976506003001/