The Journal
A Trek Blog
Is Inflation Dead? Headline CPI actually drops in June.
By Greg Lai and Alex Hsiao, Co-Chief Investment Officers The latest report on U.S. consumer prices from the Bureau of Labor Statistics (BLS) was a
Can the Fed stick the “landing?” R-Star revisited
By Greg Lai and Alex Hsiao, Co-Chief Investment Officers If there was ever a moment that fits the old adage “rearranging the deck chairs on
There is more to AI than NVIDIA – What about Dell?
By Greg Lai and Alex Hsiao, Co-Chief Investment Officers There is more to AI than NVIDIA – What about Dell? Dell Technologies Inc. (DELL) has
Car Sales Moving to the Slow Lane…
By Greg Lai and Alex Hsiao, Co-Chief Investment Officers Car Sales Moving Over to the Slow Lane… A couple of weeks ago, we wrote about
Strength of the Dollar Tied to Petrodollars
By Greg Lai and Alex Hsiao, Co-Chief Investment Officers Strength of the Dollar Tied to Petrodollars The petrodollar system is once again in the spotlight.
Post-Pandemic Travel Boom – Cruising
By Greg Lai and Alex Hsiao, Co-Chief Investment Officers Post-Pandemic Travel Boom – Crusing Royal Caribbean Cruises (ticker: RCL) has demonstrated a remarkable recovery and
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Weekly Market Commentary
By Greg Lai and Alex Hsiao, Co-Chief Investment Officers
July 22, 2024
Last week’s U.S. stock market was a bumpy rollercoaster ride, blending trepidation following Trump’s assassination attempt and elation from the Fed Chair’s inflation outlook during his Economic Club sit-down interview. The S&P 500 slipped by -1.96%, finding itself caught in a tango between tech weakness following Friday’s global computer outage and broader economic strength, with Retail Sales better than expected. The S&P 500 index, the market-cap weighted index, was weighed down by the Magnificent Seven, Technology and Communication stocks; however, Energy, Financials, and Industrials actually gained +1.84%, +1.45%, and +1%, respectively. Keep in mind that technology-related stocks YTD gain still sits comfortably at +25%.
