Napatree Blog

Diverging Paths

August 3, 2023

One of the more nuanced dynamics in the stock market this year is the wide range of performance among various indices. The technology-led Nasdaq has been the clear winner for the first six months of 2023, up 32%, far outpacing both the Dow Jones Industrial Average and the much broader S&P 500, which are up […]

Time for Recess(ion)

May 1, 2023

The first quarter of 2023 ended with most major stock market averages in positive territory. The tech-heavy NASDAQ led the way with a whopping 16.8% return, which means growth investing has roared back after a miserable 2022 in which the NASDAQ posted a -33% return. The disparity between performance in market averages for the first […]

Silicon Valley Bank: Failure And Aftermath

March 16, 2023

Analysis by Jeff Liguori for BusinessWest.com Silicon Valley Bank (SVB), a California-based lender, was taken over by the FDIC due to fears of insolvency. The process was one of the swiftest in history. Silicon Valley Bank was a niche banking franchise founded in 1983 to fill a growing need in the financial-services marketplace. The primary customers […]

Investment Agita

October 4, 2022

It is the ideal term for the current market environment. It seems as though each time markets attempt an advance, the bottom falls out. Maybe it really is difficult to time these things… Since our last note in the third week of June, where we highlighted extreme bearishness among investors, stocks rallied almost 18% into […]

There Are Some Similarities, But This Is Not 2008

July 8, 2022

When markets slide, investors’ knee jerk reaction is to draw parallels to difficult markets in the past. The most recognizable episode in recent history is the Great Financial Crisis (GFC) of 2008-09. The S&P 500 peaked in October 2007, followed by a crushing sell off that bottomed out in March ’09 — but not before […]

Third Quarter Recap

November 2, 2021

Below is the performance of major indices through the end of September.  A few themes to highlight:  Russell 2000, which is an index of small, public companies (small caps), has appreciated nearly 50% in the past year. We believe the strength of this segment of the market is characteristic of investors having a healthy risk […]