Canterbury Market Update

A Market Update From Canterbury Investment Management is now Available

The Markets are Volatile. What is the Plan?

So far, January 2022 has not been kind to the markets.  At one point during the day Monday, the S&P 500 was off by more than -11% after putting in an all-time high to start the year.  As we have stated in previous market updates, the technology related stocks have seen the biggest increase in volatility.  Volatility is a sign of confusion and fear, which is a bearish characteristic.  

We have been very vocal about the risk in the large-capitalized technology for months.  The S&P 500 index is mostly composed of technology related securities, with its top 7 companies representing a quarter of the market index.  Those same top 7 companies are primarily responsible for most of the gains in the index. They are also responsible for much of the decline that we are experiencing now.