Archive for August 2024

It’s hard to write an exciting recap of the previous week in the financial markets when almost virtually nothing significant happened until Friday morning. Financial market participants were squarely focused on the speech by Federal Reserve Chairman Jay Powell at the Jackson Hole Symposium in Wyoming, where central bankers from all over the world congregate…

Once again, “dip buyers” in U.S. equity markets were vindicated last week. The S&P 500 Index, a measure of broad market performance, had its best week of the year, continuing an impressive market comeback from the sharp sell-off experienced at the beginning of August. Two key U.S. inflation reports, the Producer Price Index (PPI) and…

Global markets had a wild ride last week as volatility spiked. What we at Elevage Partners observed is a validation of one of our long-held beliefs for investing successfully: You want to choose when to buy or when to sell an investment; you do not want to be forced to look for liquidity at the…

In the span of just over two weeks the narrative in the global financial markets changed abruptly. It went from ebullience in equity markets to the fear of an imminent recession. The “great rotation” that started in mid-July promised to finally include “value” and small cap equities in the bull market. Instead it turned into…