Market Overview 2019 1st Quarter

1st Quarter 2019 Market Overview Suddenly, the Superlatives Return Investors poured money into the stock market in the first quarter. After the meltdown last year, descriptions such as TINA (There Is No Alternative), Goldilocks (symbolizing an economy that is just the right temperature for stocks), and FOMO (Fear of missing out) were used to describe […]

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Market Overview 2019 2nd Quarter

2nd Quarter 2019 Market Overview The Market Giveth, Taketh, and Giveth again The pace of the market slowed in the second quarter from the torrid gains of Q1. There was a sharp drop in May but a strong recovery in June overcame those losses and kept the major indices in positive territory for the second […]

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Market Overview 2018 4th Quarter

Markets Throw a Tantrum The fourth quarter was dismal for the markets. Immediately following a strong third quarter, they began to slide. By December, markets lapsed into a full-blown tantrum mode. In the 14 days leading up to Christmas, the Dow dropped 4,260 points and the S&P 500 fell 13%. From September to the low […]

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The December to Forget

The stock market is seriously injured as we enter the initial stage of 2019. Market value destruction has been deep and wide. We continue to maintain a defensive investment posture in response to the tantrum the market seems to be staging. During the 14 trading days between December 4 and Christmas Eve, the Dow fell […]

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Update on the Market Decline

I’m hopeful that the market decline will end soon and that a strong recovery is at hand. I’m also hopeful that the level of your assets will maintain their levels so that that the recovery will be substantive. First of all, we need this mayhem in the market to recede. “Mayhem” means pure, indiscriminate selling […]

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Market Overview 2018 3rd Quarter

Divergences US stocks recorded their best quarter since 2013 but these gains were jolted in the opening days of this month. Eerily reminiscent of last February, the S&P 500 fell 8% in only seven days in October. So far, this plunge hasn’t been as pronounced as last February but the damage to the previous trend […]

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Interpreting the Market

Over the last few weeks, the market continues to behave in a strong manner. In late August, the S&P 500 finally managed to eclipse its previous high level which was set last January. Since crossing this mark, it is also a positive beacon that the index has remained above the previous high. This is a […]

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New Highs in the Market Indexes

It is very unusual for the market to have consecutive monthly gains in the summer months. Usually, market setbacks and monthly declines occur. There have only been 11 occurrences where the market has been positive April through July.   August adds another month to the string. This string of gains could be a bullish indicator. Following […]

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Four Months in a Row

A Rare Occurrence Following the two down months of February and March, the S&P has strung together four consecutive monthly gains, if we include July. This actually marks the third year in a row when the April – July period marked gains for each month consecutively. Historically, this has been a rare occurrence. In fact, […]

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Market Overview 2018 2nd Quarter

Forceful headwinds have confronted markets in 2018, a sharp contrast to last year’s steady rise. As this year unfolds, it is evident that it has not been a smooth ride for investors. Even though the major US market indices have rebounded from selloffs and the S&P 500 managed a 2.7% gain for the second quarter, […]

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*Past Performance is no guarantee of future results. Investment management involves the possibility of losses. Significant general stock market moves up and down can influence the performance of client portfolios. Composite returns are based on client portfolios of over $100,000. Not all clients are included in the composites. All returns include the reinvestment of dividends. All returns are net of fees. Composite returns are derived from aggregated, time weighted returns for clients of Peregrine Asset Advisers. Individual client returns can deviate from the composite returns. While Peregrine uses the S&P 500 as a benchmark, Peregrine does not attempt to mimic the structure of this index. Individual client portfolios vary. The number of stock positions also varies per client.