Sierra CIO on MarketWatch: More Stocks Taking the S&P Stage But Big Tech is Still Big Dog
A rally in Big Tech stocks received most of the credit for driving global markets higher this week. But in the U.S., they couldn’t have done it without a little help from their friends. As the S&P 500 SPX booked its best weekly advance since early January, one detail set this week apart: All 11 […]
St. Aubin on the Future of U.S. Stocks’ Current Hot Streak
Access to this article may require a subscription. The S&P 500 index is on the verge of a fifth straight monthly gain in July. It’s a reality that few on Wall Street expected just eight months ago. As a result, it seems that one by one, equity analysts at the big banks are issuing mea […]
US Stocks Advance in Wake of Upbeat Inflation Data; Sierra CIO Remains Cautious Due to Strong Job Market
Access to this article may require a subscription. U.S. stock indexes ended higher and recorded their fourth straight day of gains on Thursday, with the S&P 500 clearing the 4,500 mark for the first time since April 2022, led by technology stocks, after data showed June producer-price inflation fell further, bolstering the chances that the […]
Sierra Investment Management CIO, James St. Aubin Remains on Guard
The S&P 500 edged up 0.1% on Wednesday after shuffling between gains and losses. Bond yields, which move inversely to prices, inched higher. The S&P 500 is up 15% this year, while the Nasdaq (.IXIC) has gained 30%. James St. Aubin, chief investment officer at Sierra Investment Management, has been adding to equity positions during […]
St. Aubin on Morningstar Markets Brief: “Tectonic shifts in forecasting Fed policy”
Tech stocks benefited as investors flooded into the beaten-up group, expecting it to benefit from a Fed pause and move to cut interest rates. Also, mega-cap techs are seen as having fortress-like balance sheets able to withstand a serious downturn. But the first quarter was anything but an easy ride. “It was a quarter that […]
March Market Madness
In light of the turmoil in the banking sector, some have called the March Federal Open Market Committee (FOMC) meeting announcement the most anticipated in recent memory. In this brief commentary, Sierra’s Chief Investment Officer, James St. Aubin provides his insight to help unpack what was done and communicated in that meeting. 0146-SI00XLAP 03272023
Sierra’s CIO, James St. Aubin, Talks Rising Inflation on the Wall Street Journal
Families are flush with cash, so higher interest rates have done less to deter them from spending than if they had been funding their purchases with credit-card debt, said James St. Aubin, chief financial officer at Sierra Mutual Funds. “That slows down the impact of raising the cost of money,” Mr. St. Aubin said. “It […]
