Heritage Financial Advisory

Welcome to the Heritage Market Pulse for Friday February 26th! Markets have been correcting all week, and Mike Desepoli explains what is driving the recent moves in stocks and what the team is looking for to signal and end to the volatility. Have a great weekend!

Welcome to the Monday Morning Market Minute for February 22nd, 2021. Markets continue to consolidate recent gains by moving sideways. Later this week we will hear testimony from Federal Reserve Chairman Jerome Powell as he shares his outlook for the economy. Mike Desepoli discusses the ramifications of this and more in this week's show.

The major markets climbed back toward all-time highs as all five indices closed the week higher. Emerging Markets added an impressive 2.4% making it the first of the major markets to reflect a double-digit return year to date.

Much like Emerging markets, small caps had been under pressure for much of 2020. However, Small caps have continued to outperform their large cap peers since late last year. The greatest gains across the style boxes were seen in Small Cap Growth which sit with a year-to-date gain of 17.06% as of Friday’s close.

At the sector level, 8 of the 11 sectors closed higher with Consumer Discretionary and Utilities seeing the greatest losses. Meanwhile, Energy added 4.33% last week, adding to its 2021 outperformance. Last week’s gains in Crude Oil and Natural Gas were a continuation of rising energy prices due to the polar vortex hanging over the country the last 10 days.

Headlines describing the strain on the nationwide power grid read like something more appropriate in the peak of the dog days of summer. It was reported that more than 4 million homes in the United States and Mexico have experienced some form of blackouts. Natural Gas was simply unavailable in some regions, sending some power plants offline.

In Economic news, the Consumer Price Index reflected a gain of 0.3% as inflation fears were stayed for the time being. However, Friday’s Consumer Sentiment fell from 79 to 76.2 marking a six-month low for the index. Furthermore, families earning less than $75,000 annually reported the largest decline in optimism.

Finally, the yield curve remained largely unchanged last week with some steepening occurring in the longer-term yields. This weighed on bonds, causing returns to fall, taking the Bloomberg Barclays US Aggregate Bond Index to a year-to-date loss of 1.23%.

Welcome to the Monday Morning Market Minute for February 8th. The markets are picking up this week right where they left off last week, with additional gains. Signs point to more stimulus on the horizon, and the market sure loves that. Join Mike Desepoli as he lays out the key market drivers for this week.

This week in the Heritage Market Minute, Mike Desepoli explains the situation surrounding GameStop stock and how it may affect broader markets.

Welcome to the Monday Morning Market Minute for January 25th! It's a big week for the market as earnings season is now in full swing. Our team will be watching closely to see if these earnings validate the recovery we are seeing in the economy. Join Mike Desepoli from Heritage as he walks you through our though process this week.

Join Lou Desepoli of Heritage Financial Advisory Group for the 2021 Heritage Market Outlook. 

Join Mike Desepoli from Heritage Financial Advisory Group as he lays out their market outlook for 2021.

Welcome to the Monday Morning Market Minute for Novemer 30th. Markets look to wrap up their best November in 33 years, while the holiday shopping season is now in full swing with Black Friday and Cyber Monday underway. Join Mike Desepoli as he discusses the potential impact on the market this week.

Welcome to the Monday Morning Market Minute for November 16th, 2020! This week on the M4, Mike Desepoli discusses the latest vaccine developments and why it's important for the economic recovery. Have a great Monday!