Since 2002, Sahak Manuelian has served as Managing Director of Equity trading. In 2019 he added Head of Equity Trading to his responsibilities. He has extensive markets expertise, and has an additional core competency in the healthcare sector.
Large-capitalized companies have broadly outpaced small caps by about 13% over the past year, and the L.A. complex of stocks is overweight with small caps.
It seems as though this market will continue to stay strong so long as there is some kind of an anticipation of a trade deal.
If you look at what has been leading, you see there is investor appetite for risk.
Read about how Los Angeles companies are under performing amid the Covid-19 pandemic and what that means for the market and the region.
All eyes will be on the Federal Reserve Wednesday for signs of how it will follow through with a widely anticipated interest-rate hike and plans for more in 2017 and how that will come to bear on cyclical stocks like tech, which experienced a sharp selloff on Friday.