The Private Bank at PlainsCapital

A pullback in big technology names and a rise in bond yields led equity markets sharply lower on Friday, reversing earlier gains and jeopardizing the “Santa Clause rally” that began earlier in the week. To read our latest Weekly Market Insights click here: https://lnkd.in/gR96nKEi #PlainsCapital #WeeklyMarketInsights #BondYields

Attending a recent Alternative Investment conference, the rise of Private Credit as an Alternative Investment Asset Class was an unavoidable theme. Private credit has emerged as a significant alternative investment asset class following regulatory changes instituted by the Global Financial Crisis. Funds offer diverse opportunities for investors seeking higher yields and diversification. With this proliferation of Private Credit offerings, exploring the space for dramatic asset growth under management (AUM), its relationship with private equity, and the importance of due diligence in this sector makes sense. To read our latest Alternative Perspectives click here: https://lnkd.in/g_nQu3eU #PlainsCapital #AlternativePerspectives #PrivateCredit

A rallying $USD, hawkish FOMC forward guidance and economic projections, and rising government shutdown risk after the reconciliation bill failed to pass the Senate, led to a spike in treasury yields and sharply lower prices for risky assets during the weak. Eventually, prices were pushed to an oversold low by Thursday’s close. As of Friday, markets seemingly found support and rebounded to close the week’s trading session. To read our latest Weekly Market Insights click here: https://lnkd.in/gR96nKEi #PlainsCapital #WeeklyMarketInsights

As the end of 2024 approaches, so does the upward move in gold prices. With gold peaking at the end of October, the world quickly shifted focus to the fiscal policy of the U.S. government after the election. The choppy, downdrift of commodity and equity markets indicates that investors are unsettled going into 2025. The relationship between gold and copper may provide some insight into the underlying market. To read our latest Commodity Highlights, click here: https://lnkd.in/g5mWu9KH #PlainsCapital #CommodityHighlights #Commodities

The S&P 500 closed the trading week lower as investors evaluated this week’s employment and inflation data and its potential impact on next week’s FOMC meeting. To read our latest Weekly Market Insights, click here: https://lnkd.in/gR96nKEi #PlainsCapital #WeeklyMarketInsights

Last month closed as one of the strongest Novembers in the last 20+ years and the best month of performance in the S&P 500 over the previous 20+ years. The elections undoubtedly influenced the month. Notably, price patterns following elections often persist for the remainder of the year. To read our latest Market Highlights click here: https://lnkd.in/gEbwJWw6 #PlainsCapital #MarketHighlights

The current rally’s healthy aspect is that it bears little resemblance to the divergence between price and breadth, as seen in 2021. November reflects the strongest month of equity flows since the 2021 peak. It is noteworthy that US strength disguises weakness found internationally. Investors began to pull money from emerging markets seen as more vulnerable to a potential trade war, including $4bn exiting China-focused funds. Likewise, Western Europe and Japan-focused funds have witnessed $14bn and $6bn outflows. To read our latest Weekly Market Insights click here: https://lnkd.in/gR96nKEi #PlainsCapital #WeeklyMarketInsights

There remain some longer-term concerns, but the U.S. economy is still headed for a soft landing, albeit with inflationary characteristics. Headline employment remains stable, manufacturing shows signs of stabilization, consumer spending remains strong, and GDP was unrevised at a solid 2.8%. While resolving uncertainty around the presidential election provides a better read on the U.S. economy, policy choices could bring more inflation to this expansion. The Fed is still likely in a rate-cutting cycle. Still, with the economy expanding solidly and a new administration set to take over in January, a December rate cut looks 50/50 as the Fed waits for more data to set monetary policy into the new year.  To read our latest Economic Highlights, click here: https://lnkd.in/dC6ak9B5 #PlainsCapital #EconomicHighlights

The S&P 500 pulled back from record highs on Wednesday as investors evaluated a heavy slate of economic data ahead of the Thanksgiving holiday and next week’s highly anticipated employment report. To read our latest Weekly Market Insights click here: https://lnkd.in/gR96nKEi #PlainsCapital #WeeklyMarketInsights

Stocks rebounded last week, driven by Q3 earnings results that exceeded expectations, continued sector rotation, and mainly positive economic data. Investors look ahead to next week’s important read on PCE inflation. To read our latest Weekly Market Insights, click here: https://lnkd.in/gR96nKEi #PlainsCapital #WeeklyMarketInsights