Search Results for: lance roberts

Last week, we discussed that continued bullish exuberance and high levels of complacency can quickly turn into volatility. As we noted then, introducing an unexpected, exogenous event can soon lead to a price decline if investors begin to reprice forward expectations. On Friday, that unexpected event presented itself when China, and most notoriously, the Wuhan Lab, reported the discovery of a new coronavirus in bats.

RIA Advisors is proud to present the 2020 Investment Summit. Hosted By: Lance Roberts, CIO RIA Advisors. Featuring:Michael Lebowitz, CFA - RIA Portfolio Manager, Teddy Valle - Pervalle Global, Thomas Thornton - HedgeFund Telemetry, and Jeffery Marcus - TP Analytics

RIA Advisors is proud to present the 2020 Investment Summit. Hosted By: Lance Roberts, CIO RIA Advisors. Featuring:Michael Lebowitz, CFA - RIA Portfolio Manager, Teddy Valle - Pervalle Global, Thomas Thornton - HedgeFund Telemetry, and Jeffery Marcus - TP Analytics

"Will it get worse before it gets better? Lance Roberts, chief investment strategist with RIA Advisors, explains how the COVID-19 coronavirus is impacting our economy."

Five weeks of losses, one ceasefire announcement, and the market exhaled — at least for now. The week opened on a knife's edge. Trump's self-imposed deadline for Iran to reopen the Strait of Hormuz or face escalation kept futures volatile and conviction thin. Monday churned with no direction, the S&P closing essentially flat. Tuesday was similarly tortured. The index swung by more than 1% intraday before settling with a 0.08% gain as Pakistan urged a two-week extension.

Five weeks of losses, one ceasefire announcement, and the market exhaled — at least for now. The week opened on a knife's edge. Trump's self-imposed deadline for Iran to reopen the Strait of Hormuz or face escalation kept futures volatile and conviction thin. Monday churned with no direction, the S&P closing essentially flat. Tuesday was similarly tortured. The index swung by more than 1% intraday before settling with a 0.08% gain as Pakistan urged a two-week extension.

March closed as the worst quarter for the S&P 500 since 2022, with the index down roughly 7% on the quarter and every member of the Magnificent Seven finishing in the red. This past holiday-shortened trading week saw a sharp reflexive relief rally from the oversold conditions we discussed last week.

This past week was another disappointing one. Markets opened the week surging after President Trump posted on Truth Social that U.S.-Iran talks had been "very good and productive" and that he was halting strikes on Iranian power plants. Brent crude fell more than 10% in a single session, its biggest single-day drop since early March, while the S&P 500 gained 1.15%. It was the kind of relief rally that tempts investors into believing a corner has been turned. It wasn't.

This week gave investors a brief exhale — and then took it back as Monday opened with genuine relief after news broke that a U.S.-led coalition would escort tankers through the Strait of Hormuz. On that news, oil pulled back sharply, the S&P surged 1.2%, and the Nasdaq led with a 1.4% gain. It was the index's best single session in over a month. However, that optimism didn't survive the week.