Olivar & Greb Capital Management
  • About Us
  • Our Services
    • Investment Management >
      • Retirement Planning
      • Executive Compensation Management
      • Education Planning
      • Trust & Estate Planning
    • U.S. Tax Services
    • American Expat Services
  • CLIENT PORTALS
    • SCHWAB LOGIN
    • INTERACTIVE BROKERS LOGIN
  • Contact Us
  • Community
    • Volunteer & Non Profit
    • The Value Investor's Library

O&G Research and Thinkpieces

July 23, Market Update

7/24/2018

 
Financial shares helped to nudge the market a tick higher on Monday, underpinned by a steepening of the yield curve. The S&P 500 and the Nasdaq Composite tacked on 0.2% and 0.3%, respectively, but the Dow underperformed, shedding 0.1%. Action was range-bound, with the S&P 500 keeping between -0.2% and +0.2%.
Picture

Most sectors finished Monday in negative territory -- eight of eleven to be exact -- but losses were modest for the most part, and the three top-performing groups -- financials, technology, and health care -- just so happen to be heavily-weighted, comprising over 50% of the broader market combined.
​

The financial sector easily finished atop the sector standings, rallying 1.3%. Its outperformance came amid a selloff in the U.S. Treasury market that resulted in a five-point jump in the 2-10 spread; the 2-yr yield climbed two basis points to 2.62%, and the benchmark 10-yr yield shot up seven basis points to 2.97% -- its highest level in over a month.

In corporate news, Alphabet (or Google as most people know it) posted strong earnings with revenues up 25.6% year-over-year and profit of $3.2 billion. The profit would have been $8.2 billion, if not for the recent $5 billion fine that Google received from the European commission. The fine did not seem to bother most investors, with Google up 5% in after-hours trading.

Source: Briefing.com
Graph: Google Finance   

Comments are closed.

    About the O&G Research Team

    The O&G Research Team publishes insights on the global markets. Our research scope ranges from the US to China.

    Categories

    All
    Events
    Market Updates
    News
    Think Pieces

    Follow us on WeChat:
    Picture
     

    RSS Feed

    Read new articles and updates everyday on your phone! 

    Disclosures 

    We may invest in some of the companies mentioned on this website. We are not responsible for the content on any external links on this website. The opinions expressed in this report do not constitute a buy or sell recommendation.
Olivar & Greb Capital Management, LLC
US Registered Advisory CRD#: 285905
​
Framingham, Massachusetts, 01701, United States of America
​
Check the background of this investment professional on FINRA BrokerCheck
Disclosures | Business Continuity Plan | Privacy Policy | Table of Fees for Services | Copyright 2023
  • About Us
  • Our Services
    • Investment Management >
      • Retirement Planning
      • Executive Compensation Management
      • Education Planning
      • Trust & Estate Planning
    • U.S. Tax Services
    • American Expat Services
  • CLIENT PORTALS
    • SCHWAB LOGIN
    • INTERACTIVE BROKERS LOGIN
  • Contact Us
  • Community
    • Volunteer & Non Profit
    • The Value Investor's Library