Latest news with #OceanParkAssetManagement
Reuters
12 hours ago
- Business
- Reuters
VIEW Wall Street hits record highs after turbulent months
June 27 (Reuters) - The S&P 500 and Nasdaq Composite reached all-time highs at the opening bell on Friday, bouncing back from a turbulent period sparked by U.S. President Donald Trump's trade policies based on tariffs. The U.S. benchmark stock index (.SPX), opens new tab rose 0.68% to 6,182.7 points, surpassing the previous peak of 6,147.43 reached on February 19, while the Nasdaq (.IXIC), opens new tab went up 0.54%, to 20,274.8, also above its December 16 high of 20,204.58. The indexes' records show a shift in investors' sentiment, amid hopes of interest rate cuts, a U.S.-brokered ceasefire between Israel and Iran, tamed prices and trade deals. Days after Trump's tariffs announcement on April 2, during the so-called "Liberation Day," the Nasdaq tumbled 26.7% from its previous peak, entering a bear market. COMMENTS: JAMES ST. AUBIN, CHIEF INVESTMENT OFFICER, OCEAN PARK ASSET MANAGEMENT, SANTA MONICA, CALIFORNIA: "It's a continuation of this monster rally since early April. It's been quite an improbable comeback, and it continues, assuming that the tariff controversy is no longer a major issue in the psyche of the market." "We're starting to see earnings estimates for the next 12 months on the rise again after taking a little bit of a dip and that's what the market is buying into." "The market assumption is that tariffs will be a very manageable issue.' MARK MALEK, CHIEF INVESTMENT OFFICER, SIEBERT FINANCIAL, NEW YORK: "What we're really witnessing this week is sort of the removal of some of the stumbling blocks that have been placed in the middle of the road. We've had all this trade issues that are still up in the air and we had the big overhang of what was going on in the Middle East." PETER TUZ, PRESIDENT, CHASE INVESTMENT COUNSEL, CHARLOTTESVILLE, VIRGINIA: "Given the uncertainties in the world at the moment, I am surprised. However, one can make the case that the uncertainties are diminishing as the year progresses and that has made people more optimistic about the future." "For a long while this year, we were worried about tariffs. Due to the various negotiations, they don't seem to be as much of a worry as they were a few months ago." "Instead of the Middle East becoming a bigger problem as the bombings occurred, people are coming to think that this is a problem that's off the table now. Inflation under control, doesn't seem like the tariffs have pushed anything up yet. The economy is OK. Seems like there is plenty of money out there to buy things. So why not make an all-time high?" ART HOGAN, CHIEF MARKET STRATEGIST, B RILEY WEALTH, BOSTON: "The driver for that momentum clearly is the dissipation of concerns over the magnitude of tariffs. That was the biggest concern in the early April time frame and I think that headwind seems to be dissipating a bit." "The other piece of the puzzle clearly is getting in and out of that geopolitical shock in a short period of time with a fragile ceasefire that we have now with Israel and Iran has been another positive." "The third thing I think it's that there are several members of the Federal Open Market Committee that are leaning into cutting rates in July versus September." ROBERT PAVLIK, SENIOR PORTFOLIO MANAGER, DAKOTA WEALTH, FAIRFIELD, CONNECTICUT: "Investors have regained confidence and have reassessed the situation with regards to tariffs and to how the president is handling the trade issue and that may be the concerns of tariffs leading to massive inflation and to a collapse of the economy won't come to fruition." "Because of those realizations, investors have regained the confidence to step back into the market and bring back stocks to levels that we were at prior to all this trade (uncertainties)." CAROL SCHLEIF, CHIEF MARKET STRATEGIST, BMO PRIVATE WEALTH, MINNEAPOLIS: "The bottom line (of the indexes' record highs) is: business doesn't need 100% certainty. They just need directional clarity and they're starting to get it. Underlying economics have been solid and, while consumers bear close watching, we suspect the narrative shift and business-friendly aspects of the "One Big Beautiful Bill" plus reduced regulation and amenable capital markets can revive at least some sidelined projects."
Business Wire
10-06-2025
- Business
- Business Wire
Ocean Park Asset Management Wins Gold for 'Leveraging the Duck' Marketing Campaign at 2025 FCS Portfolio Awards
LOS ANGELES--(BUSINESS WIRE)-- Ocean Park Asset Management, an investment firm focused on disciplined risk management, won Gold at the 2025 Financial Communications Society (FCS) Portfolio Awards for its creative and impactful 'Leveraging the Duck' marketing campaign. 'Some people see a toy. We see a philosophy,' said Chief Marketing Officer Vanda Freesman. 'The duck symbolizes the firm's tactical, rules-based investment process. It's a powerful symbol of our process.' The campaign, which features a bright yellow rubber duck, was developed in partnership with Norton Agency and inspired by an analogy made by firm co-founder, David Wright. Since the firm's beginning, Dave has asked financial advisors, 'When someone throws an object at your head, what do you do? You duck.' 'Some people see a toy. We see a philosophy,' said Chief Marketing Officer Vanda Freesman. 'The duck symbolizes the firm's tactical, rules-based investment process which essentially permits portfolios to 'duck' during volatile market conditions, moving assets up to 100% cash exposure. It's a powerful symbol of our process.' As a print ad, the duck made his official debut in June 2024. It was then integral to naming and launching the firm's new ETFs – DUKQ, DUKX, DUKH, and DUKZ – in July 2024. It was quickly incorporated across all marketing channels, including digital, print, event, and direct mail, helping the firm achieve a 49% lift in sales from June to December 2024. On National Rubber Duck Day, January 13, 2025, it was shipped as a 3D rubber duck in a bright blue box to 4,000 advisors as part of a direct mail campaign, followed by strong sales outreach. The FCS Portfolio Awards—now in their 31st year—honor excellence in financial marketing across multiple disciplines, including B2B, consumer, corporate image, DEI, and CSR. Winners were selected by a panel of senior marketing and communications leaders from across the financial services industry and were celebrated on May 1, 2025 at a ceremony in New York City. Ocean Park was recognized alongside 130 financial brands celebrated for their creativity and impact within the industry. See here for the full list of winners. 'The duck concept has been a part of our firm for years, ' said Freesman. 'It's rewarding to officially launch it to better deliver our message, connect with advisors, and grow sales. We were proud to stand among the industry's largest firms at the FCS ceremony, winning on strategy, storytelling and brand clarity. We thank FCS for the honor.' More information on Ocean Park's investment offerings and suite of ETFs DUKQ, DUKX, DUKZ, and DUKH can be found at About Ocean Park Asset Management Ocean Park Asset Management, LLC is an SEC registered investment advisor that serves as an investment adviser to an investment company registered under the Investment Company Act of 1940, where it provides investment management services to Mutual Funds and Exchange Traded Funds (ETFs), namely the Ocean Park Mutual Funds and the Ocean Park ETFs. Ocean Park manages nearly $5 billion of client assets as of 12/31/24. RISKS and DISCLOSURES Award criteria: Ocean Park Asset Management was named a winner in May 2025 for the 2025 FCS Portfolio Awards, based on work completed from June 2024 to present. The award is organized and tabulated by the Financial Communications Society. All entries require a fee for consideration, and this award is not based on investment advisory services or performance. Advisory services are offered through Ocean Park Asset Management, LLC, a registered investment adviser ('RIA') regulated by the U.S. Securities and Exchange Commission ('SEC'). The advisory services are only offered in jurisdictions where the RIA is appropriately registered. The use of the term 'registered' does not imply any particular level of skill or training and does not imply any approval by the SEC. For information pertaining to the registration status of Ocean Park Asset Management, LLC, please call 1-844-727-1813 or refer to the Investment Adviser Public Disclosure website ( Past performance does not guarantee future results and there is no guarantee that any investment strategy will achieve its objectives, generate profits, or avoid losses. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Ocean Park Mutual Funds and Ocean Park ETFs (collectively, 'Ocean Park Funds'). This and other information about the Ocean Park Funds are contained in the prospectus and should be read carefully before investing. The prospectus can be obtained by calling toll free 1-866-738-4363 (1-866-RETI-FND). The Ocean Park Funds are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Ocean Park Asset Management, LLC is not affiliated with Northern Light Distributors, LLC There is no guarantee that any investment strategy will achieve its objectives, generate profits, or avoid losses. IMPORTANT FUND RISKS While the shares of ETFs are tradeable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress. ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns. There is no guarantee that the Fund will achieve its objective. ETF's are subject to specific risks, depending on the nature of the underlying strategy of the fund. These risks could include liquidity risk, emerging markets risk, foreign market risk, sector risk, as well as risks associated with fixed income securities, real estate investments, and commodities, to name a few. 0412-OP00XPRS 06092025
Economic Times
24-05-2025
- Business
- Economic Times
Wall Street slides as Trump's tariff threats triggers market uncertainty
American stock markets experienced a decline on Friday. This downturn resulted in a weekly loss. Donald Trump's proposal of 50% tariffs on European products triggered this fall. Technology and communication sectors faced significant losses. Apple's stock also dropped following tariff warnings. Trade tensions and tariff talks contributed to market uncertainty. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads U.S. stocks fell on Friday, notching a weekly loss, after President Donald Trump recommended 50% tariffs on European goods, reopening a new front in global trade tensions and unleashing a fresh wave of market uncertainty All three main Wall Street indexes pared early losses but each still ended lower and shed more than 2% for the week. Technology, communication services and consumer discretionary stocks were the biggest losers of the S&P 500 's 11 subsectors. Utilities, consumer staples and energy stocks touched a two-week low and finished down 3% after Trump warned the iPhone-maker it could face potential 25% tariffs on phones sold to U.S. customers but not manufactured in the yields eased from multi-month highs, falling 4.4 basis points to 4.509% for the benchmark U.S. 10-year note."If I were to put a headline on today's story, it would be 'Here We Go Again!'" said James St. Aubin, chief investment officer at Ocean Park Asset Management in Santa Monica, California."This is Trump turning on the temperature on the tariff conversation with the EU and Apple. The markets were hoping that the worst was behind us when it comes to the tariff rhetoric. But in reality, there's still some smoldering embers when it comes to the tariff talk," St. Aubin Dow Jones Industrial Average fell 256.02 points, or 0.61%, to 41,603.07, the S&P 500 lost 39.19 points, or 0.67%, to 5,802.82 and the Nasdaq Composite lost 188.53 points, or 1.00%, to 18, the week, the Dow lost 2.47%, the S&P 500 fell 2.61%, and the Nasdaq shed 2.48%.U.S. Treasury Secretary Scott Bessent said Trump did not believe the EU's trade offers were of sufficient quality. He also said he hoped the threat of fresh tariffs would "light a fire under the EU" in megacap and growth stocks fell, including Amazon , Nvidia and Meta Platforms - which all lost more than 1%. Tesla ended down 0.5%.The CBOE Volatility Index Wall Street 's "fear gauge," hit a more than two-week high and finished up 10%. Semiconductor stocks dropped 1.5%. Deckers Outdoor slumped nearly 20% after the maker of UGG boots forecast first-quarter net sales below estimates and said it would not provide annual targets due to tariff-led macroeconomic uncertainty. Sportswear maker Nike dropped 2.1%.Volume on U.S. exchanges was 17.67 billion shares, compared with the 17.73 billion average for the full session over the last 20 trading days.
Business Insider
29-04-2025
- Business
- Business Insider
100 days in, these are the 3 ways the Trump trade fell apart
Money managers came into President Donald Trump's second term on the promise of tax cuts, DOGE savings, and pro-growth policies that would juice the stock market. Many viewed tariffs as an afterthought. "This might cause some market volatility, but we don't think it will derail US growth," Solita Marcelli, chief investment officer for UBS Global Wealth Management, said of Trump's tariff plans at a conference in November last year. "Let's not forget that during his first term, president-elect Trump was quite responsive to market reactions." One hundred days after Trump's inauguration, the S&P 500 is down 10% from record highs, banks across Wall Street have raised recession odds, and investor sentiment is overwhelmingly negative. How did it all go so wrong? Here are the three lessons Wall Street has learned the hard way over the last 100 days. Tariffs are a bigger-than-expected focus Wall Street got the biggest piece of the Trump agenda wrong: tariffs. Trump's approach during his first term might have given investors a false sense of confidence and predictability. "In his first term, he gave you all the good stuff first. He gave you the tax cuts, he started deregulating, and then he started focusing on the tariffs, and I think a lot of people expected that to happen again," James St. Aubin, chief investment officer at Ocean Park Asset Management, told Business Insider. Instead, investors were slammed with executive orders levying tariffs from the start. The final extent of Trump's tariffs still remains to be seen as the president negotiates with other countries during the 90-day pause, but investors are no longer brushing off tariff concerns as an empty threat. Some strategists remain optimistic. Jeff Schulze, the head of economic and market strategy at ClearBridge Investments, was surprised by the magnitude of the president's tariff policy. However, in a recent Franklin Templeton podcast, Schulze compared tariffs to the "spinach portion of the administration's dinner" — a necessary evil preceding "the dessert portion, which is deregulation and tax cuts." Others are mapping out a worst-case scenario. Torsten Slok, Apollo's chief economist, believes that a tariff-induced recession could begin materializing by May as shipping traffic to the US slows to a halt. Trump is focused on bonds over stocks Investors initially believed Trump's tariff rhetoric would be checked by his desire to encourage growth in the stock market, meaning he wouldn't do anything crazy enough to spook equities. Now, it's a different story. Trump's proven that he's willing to let stocks plummet — but he draws the line at rising yields in the bond market. Twice now, Trump has walked back some of his more extreme policies after a spike in Treasury yields — once after his Liberation Day tariffs, and again after he threatened to fire Jerome Powell. "The focus is now really on the bond market, and he's willing to accept more pain and volatility in the short term on the equity side as long as the 10-year doesn't start to creep back higher toward 5% again," Jonathan Curtis, chief investment officer of the Franklin Equity Group, said. "His tolerance for pain in the equity markets is particularly high." Why is the 10-year US Treasury yield coming into focus as the trade war rages on? Foreign buyers of US debt might be less inclined to continue holding US bonds if their countries are slapped with heavy tariffs, which means the US will have to offer higher yields to entice buyers, St. Aubin said. That's the opposite of what Trump, who's prioritizing lowering interest rates, wants. A lower 10-year Treasury yield will stimulate the economy by bringing down mortgage rates, business loan costs, and the price of financing government debt, Curtis and St. Aubin said. The AI-led market hype wasn't guaranteed to continue With the Magnificent Seven carrying the S&P 500 throughout 2023 and 2024, it seemed reasonable to assume that Trump's pro-business stance would keep the Big Tech rally going. But investors failed to consider the extent to which tariffs would severely damper almost every aspect of the market. As trade relations worsen, America's AI darlings — or any large American company for that matter — are at risk of being targeted by countries unhappy about tariffs, according to St. Aubin. If Trump makes it harder for imports to enter the US, foreign countries might push back with retaliatory tariffs and stop buying American goods as well. For example, Tesla is seeing plunging sales in China as local companies like BYD snatch up market share. Another large concern for the Magnificent Seven firms has been how globally integrated their supply chains are for their tech products. But on top of the trade war, growing competition in the AI space has called into question the swaths of cash these companies have thrown at building out the technology. The Trump-driven market chaos is confounding, considering tech CEOs and billionaires curried favor with the president leading up to the inauguration, Curtis said, only to see their company stock prices plummet since then. "We saw a number of the tech leaders show up on Inauguration Day, and so it has been with some surprise that things have gone the way they have gone, particularly around the tariffs and even with some of the legal cases that are continuing forward with Meta and Google," Curtis said.
Business Wire
24-04-2025
- Business
- Business Wire
Ocean Park Asset Management Named Finalist for 2025 FCS Portfolio Award
LOS ANGELES--(BUSINESS WIRE)-- Ocean Park Asset Management has been named a finalist in the 2025 Financial Communications Society (FCS) Portfolio Awards for its innovative direct mail campaign, developed in collaboration with Norton Agency. The campaign is recognized in the Direct Mail category for its creative excellence and clear reflection of the firm's core investment philosophy. 'The duck represents what our investment process aims to do: stay calm on the surface, but work hard underneath to respond to changing conditions. It captures our process in a way that's both accessible and distinctive to Ocean Park.' The campaign utilized Ocean Park's yellow rubber duck, a lighthearted yet meaningful brand symbol inspired by a long-standing analogy from Founder David Wright: 'When someone throws an object at your head, what do you do? You duck.' The duck symbolizes the firm's tactical, rules-based investment process, which attempts to help mitigate downside risk by allocating to cash when market conditions warrant. The duck campaign turned this philosophy into a tangible and memorable experience for financial advisors. 'The duck isn't a mascot—it's a message,' said Vanda Freesman, Chief Marketing Officer at Ocean Park Asset Management. 'The duck represents what our investment process aims to do: stay calm on the surface, but work hard underneath to respond to changing conditions. It captures our process in a way that's both accessible and distinctive to Ocean Park.' Broadly introduced in June 2024 through print ads, the duck evolved into a 3D mailer distributed nationwide to financial advisors. It played a central role in Ocean Park's October 2024 rebrand from Sierra Mutual Funds to Ocean Park Mutual Funds and headlined the firm's 'National Rubber Duck Day' initiative in January 2025. Today, the duck is a fully integrated brand element appearing across digital, print, event, and internal communications. The FCS Portfolio Awards—now in their 31st year—honor excellence in financial marketing across multiple disciplines, including B2B, consumer, corporate image, DEI, and CSR. Winners are selected by a panel of senior marketing and communications leaders from across the financial services industry. Ocean Park is honored to be recognized alongside 130 top-tier financial brands whose work represents the highest standards of creativity and impact in the industry. More information on Ocean Park's investment offerings and suite of ETFs DUKH, DUKQ, DUKZ, and DUKX can be found at About Ocean Park Asset Management Ocean Park Asset Management, LLC is an SEC registered investment advisor that serves as an investment adviser to an investment company registered under the Investment Company Act of 1940, where it provides investment management services to Mutual Funds and Exchange Traded Funds (ETFs), namely the Ocean Park Mutual Funds and the Ocean Park ETFs. Ocean Park manages nearly $5 billion of client assets as of 12/31/24. Disclosures: Award criteria: Ocean Park Asset Management was named a finalist in March 2025 for the 2025 FCS Portfolio Awards, based on work completed from June 2024 to present. The award is organized and tabulated by the Financial Communications Society. All entries require a fee for consideration, and this award is not based on investment advisory services or performance. Advisory services are offered through Ocean Park Asset Management, LLC, a registered investment adviser ('RIA') regulated by the U.S. Securities and Exchange Commission ('SEC'). The advisory services are only offered in jurisdictions where the RIA is appropriately registered. The use of the term 'registered' does not imply any particular level of skill or training and does not imply any approval by the SEC. For information pertaining to the registration status of Ocean Park Asset Management, LLC, please call 1-844-727-1813 or refer to the Investment Adviser Public Disclosure website ( Past performance does not guarantee future results and there is no guarantee that any investment strategy will achieve its objectives, generate profits, or avoid losses. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Ocean Park Mutual Funds and Ocean Park ETFs (collectively, 'Ocean Park Funds'). This and other information about the Ocean Park Funds are contained in the prospectus and should be read carefully before investing. The prospectus can be obtained by calling toll free 1-866-738-4363 (1-866-RETI-FND). The Ocean Park Funds are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Ocean Park Asset Management, LLC is not affiliated with Northern Light Distributors, LLC. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Ocean Park ETFs. This and other information about the Fund is contained in the prospectuses and should be read carefully before investing. The prospectuses can be obtained by clicking here or by calling toll free 1-866-738-4363 (1-866-RETI-FND). The Ocean Park ETFs are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Ocean Park Asset Management, LLC is not affiliated with Northern Lights Distributors, LLC. There is no guarantee that any investment strategy will achieve its objectives, generate profits, or avoid losses. Important Fund Risks While the shares of ETFs are tradeable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress. ETFs trade like stocks, are subject to investment risk, fluctuate in market value and may trade at prices above or below the ETF's net asset value. Brokerage commissions and ETF expenses will reduce returns. There is no guarantee that the Fund will achieve its objective. ETF's are subject to specific risks, depending on the nature of the underlying strategy of the fund. ETF's are subject to specific risks, depending on the nature of the underlying strategy of the fund. These risks could include liquidity risk, emerging markets risk, foreign market risk, sector risk, as well as risks associated with fixed income securities, real estate investments, and commodities, to name a few. 0324-OP00XPRS 04222025 20250423-4432584
