Market Update: August 1, 2023
Since bottoming in October 2022, the market has climbed higher and higher, almost fully recovering the value lost during 2022, with short periods of volatility during downturns.
NextEra Energy; July, 2023
Institutional investors have invested in NextEra Energy stock (NYSE:NEE) over the last decade because of the low volatility investors get from utilities, the population growth rate in Florida, and Next Era’s consistent dividend growth rate of around 10% per year. Unfortunately, that can also mean that share prices of Next Era got expensive as companies which offer low volatility and consistent growth were bid up by investors. For example, Next Era’s dividend yield (blue below) was consistently above 3-3.5% in the recovery following the financial crisis. But that yield steadily [...]
Market Update: July 7, 2023
Not a lot has changed in the market over the last week, although we had a pretty nasty 80% down day yesterday. Volume was low however, despite the fact that a lot of stocks were down.
Plant Vogtle in Detail
The Vogtle nuclear power plant in Waynesboro, Georgia is nearly complete after construction began nearly 14 years ago. It was announced earlier this year that Unit 3 safely reached 100% power and was successfully connected to the Georgia electric grid. Unit 4 has completed hot functional testing and as of May 2nd is ready for fuel loading. Should Unit 4 reach it’s remaining fuel milestones over the course of the year, it should be in-service by December of 2023 (1). This would be the first nuclear power plant in the [...]
Market Update: June 2, 2023
The indices have taken off so far in 2023. But returns are not what they seem beneath the surface.
Market Update: May 19, 2023
S&P 500 breaks out and year-to-date returns look healthy. But there is still a lot of weakness underneath the surface.
Market Update: May 12, 2023
Ignore the 4.9% year-over-year inflation rate. The month-over-month rate is the best measure of current inflation and it remains stubbornly high. Recession or not, volatility likely still lingers because small caps continue to underperform.
Market Update: April 28, 2023
The stress in the financial sector has not receded. But earnings so far, are coming in better than expected for the first quarter of 2023.
Market Update: April 21, 2023
Mixed signals continue to baffle market strategists as the market awaits clear direction from either the bulls or the bears.
Market Update: April 14, 2023
Inflation eases, banking failures subside, and recession fears ease. But the odds of more rate hikes continue to increase.