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Retirement Capital Strategies
  • Getting Started
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    • About Us
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  • Talk Money with Tom
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  • May 3, 2021

Market Update 5.3.2021 Today was a unique day for the market

Disclaimer - Read More

Tom Vaughan is a Certified Portfolio Manager and CEO of Retirement Capital Strategies. Retirement Capital Strategies is a registered investment advisor located in San Jose, California.

The opinions voiced in these presentations are for general information only and are not intended to provide specific advice or recommendations for any individual(s). The information provided herein is obtained from sources believed to be reliable, but no reservation or warranty is made as to its accuracy or completeness. Statements and opinions are subject to change without notice. Asset allocation and portfolio diversification cannot assure or guarantee better performance and cannot eliminate the risk of investment losses. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. Accordingly, you should not rely solely on the information contained in these materials in making any investment decision as the material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned in this presentation. Before acting on information discussed in this presentation, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment advisor. Prospectuses, investment objectives, risks, charges and expenses of any investment product should be reviewed carefully before investing. This platform is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Retirement Capital Strategies and its representatives are properly licensed or exempt from licensure. No advice may be rendered by Tom Vaughan or Retirement Capital Strategies unless a client service agreement is in place. “Likes” are not intended to be endorsements of our firm, our advisors or our services. Please be aware that while we monitor comments and “likes” left on this page, we do not endorse or necessarily share the same opinions expressed by site users. While we appreciate your comments and feedback please be aware that any form of testimony from current or past clients about their experience with our firm is strictly forbidden under current securities laws. Please honor our request to limit your posts to industry-related educational information, comments and questions. Third-party rankings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client’s evaluation. Investment positions mentioned in these videos may be held in some of our existing portfolios. Tom Vaughan and Retirement Capital Strategies are unaffiliated and separate from those companies whose investment positions are mentioned and is not liable for their products or services.

By participating in any of these live streams, you agree that any questions submitted by you might be used by us in the future on this YouTube channel. We will not share your personal information.

If you have questions, please write to us at: asktom@talkmoneywithtom.com.

  • MoneyGuidePro®
  • Advent Software/Black Diamond Reporting
  • Riskalyze, Inc.
  • thinkpipes®
  • Right Capital
  • YCharts, Inc.

Transcript:

Tom Vaughan:

Hello, everybody, welcome to Monday, the S&P 500 was up .27%. Today, and it was really kind of a unique day actually. Because in the past all year long every time the yield on the 10 year Treasury went up, we actually saw Canada reopening stocks not do very well. And we saw technology do well, we saw exactly the opposite today, you know, the interest rates came down, technology came down, which is strange, usually, and then the reopening strayed stocks really went up. And so the S&P was up .27, but we have like the pure value pieces in our portfolio. Today, we’re up 1.4 to 3.1%, I mean, a heck of a lot more, plus consumer discretionary, was way up, transportation was way up. And even banking, regional banking index that we use was up today 1.3%. And really, normally, again, we’ve seen banking go up whenever the interest rates went up, because banking knew better during a higher interest rate period.


Having said that, banks also do better in an economic recovery, they could do more loans, there’s more commerce happening and those types of things. So really, I think what’s happening is we’re starting to slowly see the focus, where I think it should be, which is on this reopening stock and the Epicentre Type Stocks that are out there that are going to recover nicely, hopefully, from this downturn that we had really starting last year with the pandemic. So one of the things that did happen, it’s always kind of fascinating to me is, we saw some news in New York City, about being able to reopen, restaurants and those types of things without limits on the 19th of May. And so all of a sudden, now, the reopening stocks are going crazy today, too. And everybody’s kind of ignoring interest rates and technology, and really focusing on reopening. So unfortunately, for better or worse, New York City is the center of the stock market universe to a large degree here in this country. And so the news that happens, there does seem to have some impact, we’ve seen seeing this happen. I think this about the third time I’ve talked about this, sothat may have had a little bit of an impact.


But nonetheless, you know, we’ve already seen all of these reopenings going on, definitely having lots of commerce happening. Their earnings, we’re still at over 86% of the S&P 500 companies that have reported so far have reported earnings that are higher than expectation. And so essentially, things are growing much faster than expected. And that’s a good thing, that usually means that the stock market hasn’t fully priced in that particular growth. And that’s what we’re looking for some more growth in those prices. And that’s what seems to be happening. So, all along, there’s all these people running around saying the markets gonna fall apart and all these things going to happen. Guess what, we just hit an all time high again, and again, with a lot of these different pieces.


So really, really, I think, a good time frame, all of the things that we talked about, really, at the end of last year are slowly but surely starting to happen with a pent up demand, low interest rates, the Federal Reserve saying they’re going to keep rates down, all that kind of stuff is happening. So very exciting. I think this is, hopefully just a continuation. If you look really closely over the last 10 trading days or so, you’ve seen this exact same scenario, kind of playing out where the reopening crates are slowly starting to pop up. But today was unique in the fact that the way the combination of yields on the treasuries and the tech and the reopening trade, so maybe that’s a harbinger for even better things to come, of things to happen. So I look forward to talking to you again tomorrow. Thank you very much.

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Disclaimer - Read More

Tom Vaughan is a Certified Portfolio Manager and CEO of Retirement Capital Strategies. Retirement Capital Strategies is a registered investment advisor located in San Jose, California.

The opinions voiced in these presentations are for general information only and are not intended to provide specific advice or recommendations for any individual(s). The information provided herein is obtained from sources believed to be reliable, but no reservation or warranty is made as to its accuracy or completeness. Statements and opinions are subject to change without notice. Asset allocation and portfolio diversification cannot assure or guarantee better performance and cannot eliminate the risk of investment losses. Past performance is no guarantee of future returns. Investing involves risk and possible loss of principal capital. Accordingly, you should not rely solely on the information contained in these materials in making any investment decision as the material does not take into account your particular investment objectives, financial situation or needs and is not intended as recommendations appropriate for you. You must make an independent decision regarding investments or strategies mentioned in this presentation. Before acting on information discussed in this presentation, you should consider whether it is suitable for your particular circumstances and strongly consider seeking advice from your own financial or investment advisor. Prospectuses, investment objectives, risks, charges and expenses of any investment product should be reviewed carefully before investing. This platform is solely for informational purposes. Advisory services are only offered to clients or prospective clients where Retirement Capital Strategies and its representatives are properly licensed or exempt from licensure. No advice may be rendered by Tom Vaughan or Retirement Capital Strategies unless a client service agreement is in place. “Likes” are not intended to be endorsements of our firm, our advisors or our services. Please be aware that while we monitor comments and “likes” left on this page, we do not endorse or necessarily share the same opinions expressed by site users. While we appreciate your comments and feedback please be aware that any form of testimony from current or past clients about their experience with our firm is strictly forbidden under current securities laws. Please honor our request to limit your posts to industry-related educational information, comments and questions. Third-party rankings and recognitions are no guarantee of future investment success and do not ensure that a client or prospective client will experience a higher level of performance or results. These ratings should not be construed as an endorsement of the advisor by any client nor are they representative of any one client’s evaluation. Investment positions mentioned in these videos may be held in some of our existing portfolios. Tom Vaughan and Retirement Capital Strategies are unaffiliated and separate from those companies whose investment positions are mentioned and is not liable for their products or services.

By participating in any of these live streams, you agree that any questions submitted by you might be used by us in the future on this YouTube channel. We will not share your personal information.

If you have questions, please write to us at: asktom@talkmoneywithtom.com.

  • MoneyGuidePro®
  • Advent Software/Black Diamond Reporting
  • Riskalyze, Inc.
  • thinkpipes®
  • Right Capital
  • YCharts, Inc.

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