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12/16/2021

The markets rallied last week apparently shrugging off any Omicron variant concerns. The Dow Jones led the pack with most of the gains being made in the first couple of days. The S&P managed to climb within 1% of its most recent all-time high.

All 11 sectors of the S&P 500 Index were in the green adding back more than 2% each.

While the markets rallied, not all news was encouraging. The weekly jobless claim fell, hitting numbers not seen in 52 years, signs of a tight labor market are showing. Unemployment is still high based on the BLS Non-Farm Payroll numbers.

The Federal Reserve is now trying to distance itself from the term “transitory” they placed on inflation earlier this year. Inflation is at a 39-year high and likely going to stay for a while. The Fed may have its hands tied with their ability to “influence” the economy.

At Leap Wealth, we hope everyone can take some time this holiday season to just sit back and focus on friends and family.

12/08/2021

More news about the Omicron variant caused volatility in the markets again with whipsaws back and forth. The most significant move backward was in the Nasdaq. The emerging markets saw green, benefiting from a decline in the US Dollar Index, but most S&P Sectors closed lower aside from Real Estate and Utilities.

Energy caught analysts’ attention, specifically Natural Gas, which saw a decline of more than 25% last week after significant gains this year. Supply chain issues are said the be part of the blame for the runup.

Federal Reserve Chairman Jerome Powell wants to retire the term “Transitory Inflation” after being questioned last week. Does that mean inflation is here to stay? The meeting continued with Powell discussing how rate increases could be done moving forward.

Non-Farm payrolls threw a wrench into the outlook as only 210,000 jobs were reported against the estimated 573,000 expected. Likely this number will move upwards as reporting has been flawed since the pandemic began.

At Leap Wealth, we are here to help our clients manage through all the highs and lows. We believe in process over opinion when it comes to managing wealth.

12/01/2021

Despite the shortened trading week, there was a lot of turbulence. The worst performer of the major indices was Emerging Markets. The S&P did manage to reach an All-Time-High on Monday, with Tuesday and Wednesday also seeing gains. Friday’s half-day session sent the indices in red due to very light volume and a potential new Covid variant. Even though Energy fell 4% on Friday, it was still up for the week and the only positive performer.

President Biden re-affirmed Jerome Powell for the Chairman of the Federal Reserve. The Fed did release their minutes ahead of the Thanksgiving Holiday with an eye towards tightening in 2022. However, the CME Group Fed Watch Tool saw a spike back down in the probability of a May 2022 rate hike. The 10 year Treasury yield dropped 6 basis points at the end of the week.

All in all, the markets have gained this year and some pullback is going to happen. At Leap Wealth, we are here to help you manage through the economic and political noise in order to stay on track. Contact us today to learn more.

11/23/2021

The last full trading week of November ended in mixed results. The gains in the S&P 500 and Nasdaq were found in just a few underlying sectors with Consumer Discretionary and Information Technology being the largest winners. There was a nearly 5% decline in oil prices last week as well. This was due mainly to a surprise in the estimate of inventories as well as President Biden and the Chinese leader saying they were going to release some of the oil reserve inventories.

In other political news, President Biden signed the $1.2 Trillion Infrastructure Act and the House passed the “Build Back Better” Act coming in at $1.75 Trillion. However, the Congressional Budget Office reported the “Build Back Better” Act would add an additional $160 billion to the deficit with a $750 billion gap in the first 5 years.

In economic news, the most interesting headline was the Michigan Consumer Sentiment Index reporting its lowest reading in decades as it fell to 66.8 in November. This index is a monthly survey that gathers information on American consumer expectations regarding the overall economy.

We hope everyone has a safe and enjoyable Thanksgiving Holiday. We all have things to be thankful for and from Leap Wealth, we are thankful for the trust our clients have placed in us.

11/18/2021

If you haven’t felt it yet, you will. Inflation is here.

The 5-week winning streak of the Major Market Indices gets broken. The only positive performer was the Emerging Markets index after two weeks of losses itself.

Most of the focus last week was on the economic reports regarding inflation. The Producer Price Index (measures the average change in sale prices for the entire domestic market of raw goods and services) rose 8.6% from last year, which shocked many analysts. That was followed up by a 6.2% increase in the Consumer Price Index (the average change in sale prices for the domestic market of raw goods and services).

The FedWatch Tool changed after the month of October, speculating a rate hike in June of next year and another in December. Treasury yield curves are signaling a potential recession in the bond market.

Contact us to learn how we navigate these economic conditions to help you Advance and Protect your wealth.

11/10/2021

Off to the races again with more new ALL-TIME HIGHS adding to this years’ gains. Last week there were multiple economic reports, earnings releases, and the FOMC meeting.

The ISM Services Index came in at 60.8%, although below the prior month, it was ahead of the estimated amount. The running theme is supply chain strain, and how it is impacting both manufacturing’s as well as service sectors. There is a growth in the backlog of orders as inventories stay low.

Jerome Powell led the FOMC conference stating the Fed will reduce the monthly net asset purchasing of $15billion per month. This represents a move away from stimulating the markets. They do not plan to raise interest rates anytime soon and expect the bottleneck in supply to continue into next year.

At Leap Wealth, we regularly monitor the overall markets, economy, and the direction of those while implementing our Advance and Protect investment strategies. To learn more, contact us today.

10/27/2021

The market really lit up last week with all five indices closing higher and the S&P500 logging its third consecutive week of gains. Earnings season has begun and is certainly having an impact on results. Supply Chains and labor shortages are impacting the economy as well.

There is a bottleneck of shipping containers on the coasts. Los Angeles, the largest port in the US, has a backlog of more than 200,000 shipping containers creating supply chain issues. The longer this last, the more likely we will see higher inflation.

Earnings reports will continue this week as we end the month of October and those economic reports will likely set the tone for the last two months of 2021.

Stay Safe and have a Happy Halloween!

10/20/2021

The markets saw renewed life last week as all five major markets added green. Much like the prior week, the 5-day trading session opened to a weak start with the greatest losses taking place on Monday. However, as the sessions continued, the returns improved with Thursday seeing the greatest gains which also represented the bulk of the weekly return.
The Labor Department recorded a record of 4.3 million people which is about 2.9% of the entire workforce quit in August. Tuesday’s JOLTS report saw a slight reduction in the national job openings as the number dropped slightly to 10.4 million in August from the revised July reading of 11.1 million.
Wednesday held the much-anticipated Consumer Price Index report. September’s monthly CPI reading came in at 0.4%. While the monthly reading was mostly lower than in recent months, it was the 12-month number that caught analysts’ attention coming at 5.4%. This marked the highest reading for the annual report since 1991. Nevertheless, the markets appeared to overlook the inflation concerns as 10 of the 11 sectors closed higher.
At Leap Wealth, we leverage sophisticated software and strategies normally reserved for the ultra-wealthy and large institutions. We bring these capabilities to our wealth management clients. To learn more, contact us at www.leapwealth.com and see how we can serve you.

10/14/2021

Have you ever heard the term “dead cat bounce”? While it is certainly a morbid analogy, it describes the beginning of the 4th quarter of 2021. The DOW ended the week over 1% and the other 4 Major Market sectors also ended higher coming off the 3rd quarter slide. The gains last week were all earned during the middle three days after a rough start on Monday.

One of the biggest issues impacting the markets is The Federal Government. The indecisiveness on raising the debt ceiling (which was a positive for the markets) they have essentially just “kicked the can down the road” and will have to deal with it again in December.

The lackluster economic reports were as expected aside from the Non-Farm Payroll, which is typically seen as a lagging indicator. The report of 194k new jobs was well short of the 500k expected, which shows the labor market shrunk. Most of the jobs lost were in the state and local government sectors. Given inflation, insipid employment, and little economic growth, some analysts are concerned that “stagflation” could now begin to appear.

No matter what is happening in the markets or what is driving them, Leap Wealth is making strategic and tactical decisions with our clients. Ours is a process built by almost 100 years of combined experience that has been tested, modified over time to adapt to constantly changing economic markets. We are regularly updating our investment models and strategies and determining which one or combination will better suit our clients. Contact us today to see how we can help you “Take the Leap!” www.leapwealth.com

10/06/2021

The market closed out the 3rd quarter in the red, however, on Friday, the S&P added 1.5%. The selling pressure came from political issues and not being able to pass a budget, which impacted Treasuries as well. The debt ceiling concerns, inflation and potential rate increases are certainly impacting the growth areas of the stock market.

Energy was the biggest leader in the sectors with prices climbing higher across the world. Inflation has not let up across the board, supply chain bottle-necks are not improving. Fed Chairman Powell expects it to continue longer than they originally thought.

At Leap Wealth, our concentration is focused on our clients. We believe in process over opinion. Contact us today to learn about our Advance and Protect strategies. www.leapwealth.com

09/29/2021

Overall gains hid the volatility last week. The returns in the S&P 500 Sectors were all over the place but recovered enough to be within 2% of its all-time high.

The major headline was concern about China’s Evergrande debt, which hung over the markets for most of the week. Fed Chair Jerome Powell downplayed those concerns though saying it was normal for an emerging market to have considerable debt loads. The FOMC Dot Plot showed some possibility of rate increases in early 2022, earlier than previously indicated, and could be viewed as a positive to the markets but only time will tell.

The yield curve steepened last week with rates rising and the 30-year treasury yield went above 2% after spending most of the 3rd quarter below that level. This will likely have a negative impact on some equity positions.

At Leap Wealth, we leverage sophisticated software and strategies normally reserved for the ultra-wealthy and large institutions. We bring these capabilities to our wealth management clients. To learn more, contact us at www.leapwealth.com and see how we can serve you.

09/23/2021

Is this a trend? All 5 major indices closed lower last week with Emerging Markets giving back the most, taking it negative for the year. The bulk of that loss was due to the negative results in the Chinese index.

The Chinese company Evergrande is expected to default on a portion of its $300 billion debt, which ironically, Lehman Brothers pointed out was a concern 13 years ago. It is a “wait and see” to determine what kind or how much of an impact this will have on the overall global markets.

Have you heard of Quadruple Witching? It is explained in the video but could lead to more volatility heading into the 3rd quarter.

Some analysts are concerned about the energy sector and fuel prices, which have seen large increases, as the winter months are coming.

At Leap Wealth, we are strategically positioned to help our clients manage through all the ups and downs by leveraging our Advance and Protect investment philosophy. Contact us today to learn how we can help you. www.leapwealth.com

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8604 Greenville Avenue, Ste A101
Dallas, TX
75243

Opening Hours

Monday 8:30am - 5pm
Tuesday 8:30am - 5pm
Wednesday 8:30am - 5pm
Thursday 8:30am - 5pm
Friday 8:30am - 5pm

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(214) 420-7441

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