Connors News

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]Dear Client: A year ago it would have been hard to imagine that within 12 months we would be reaching market highs. A novel virus was taking brutal foothold, disrupting world economies and creating massive uncertainty. The markets reacted in equally dramatic form, with the S&P 500® Index tumbling 34% over 22 days beginning in mid-February of 2020. Many pundits' declaration of the “end of the longest bull run of the century” was short-lived,...

[vc_row css_animation="" row_type="row" use_row_as_full_screen_section="no" type="full_width" angled_section="no" text_align="left" background_image_as_pattern="without_pattern"][vc_column][vc_column_text]Dear Client: "Good riddance!" to a shocking and horrible year on so many fronts, but one that enabled many of us to count the blessings of our lives and better appreciate life in normal times. "But why is the market going up?" We believe many remain perplexed by the market’s recovery this year, but we would simply say that time-tested adages are holding true. "Markets hate uncertainty." That the S&P 500® dropped nearly 30% in March...

Dear Client: 2020 has been an uniquely odd year for such an even number. We hope you and your family are healthy, safe, and looking forward to regaining some sense of normalcy. It will be most welcome. The market reacted to this unprecedented health pandemic in the first quarter of 2020 with the fastest 30% decline in its history, followed by the largest 50-day advance ever during the second quarter. Given this backdrop, what would the third quarter hold?...

Dear Client: Well, that was quite a quarter! A collective sigh of relief could be heard by investors who either sat tight with their existing investments or those who put cash to work, as the overall market moved up approximately 40% from its March 2020 lows. We witnessed the fastest 30% drawdown in the history of global equities in the first quarter, followed by the largest 50-day advance in market history in the second. The S&P 500® climbed back above 3,100...

History is full of suddenly tragic and deeply challenging moments. Clearly and unfortunately, this current global pandemic has forced us all to confront one such moment. And just as our predecessors found, through the fog of hardship, sacrifice and tragedy shines the human spirit: solving seemingly insurmountable problems, overcoming and improving with creativity and ingenuity, and meeting the collective need. The record low unemployment, economic strength and market performance of one month ago are definitely on hold. Sharp economic contraction is...

Thank you for the warm communications we have been receiving during the firm's 50th anniversary. We have been enjoying reflecting on the journey and celebrating with each of you. As with many milestones in life, it’s hard to believe how quickly they arrive. In our case, believing it’s really been five decades is only possible when we consider the incredible and long-lasting relationships we have enjoyed over the years. Yes, much has changed since 1969, including our offices. Our...

In the first half of this year, the U.S.surpassed two significant milestones. The current economic expansion topped 10-years and Connors Investor Services, Inc. entered its 50th year as an independent investment advisory firm. (The moon landing wasn’t until July!) The economy’s expansion is now the longest in U.S. history. One of many theories on the expansion's longevity is that, unlike in any prior period, the economy as measured by Gross Domestic Product (GDP), has maintained a relatively modest pace of growth...

50 years in the making, this is the first of a four-part series that tells the story of Connors Investor Services as Jim Connors and his team grew and nurtured the firm from a research publication, The Connors Report, to an investment advisory firm managing in excess of $900M in October 2019. ...

We have noted in past letters the importance of business labor productivity for the strength and growth of the economy. When output per man hour goes up, so does our overall standard of living. As a result, there has been legitimate concern about relatively anemic productivity figures reported in the present decade. In the 1980s and ‘90s, rapid productivity growth – and rapid economic growth – were fueled by the success of new businesses in information and communications technology, including...

Following a tumultuous end to calendar year 2018, equity markets rebounded during the first quarter of 2019, with the S&P 500® posting its strongest 3-month opening since 1998. Global equity markets rallied, with the U.S. leading the way. Double-digit quarterly returns were achieved broadly, as the S&P 500®, the Dow Jones Industrial Average, NASDAQ, and the Russell 2000® recorded results of 13.65%, 11.81%, 16.49% and 14.58%, respectively. Market strength was fueled mainly by an increasingly dovish tilt...