Market Snapshot
Welcome
Heritage Capital Management is an independent, privately owned, investment management firm. Founded in 1989, HCM is an SEC Registered Investment Adviser that manages client accounts on a discretionary basis.
Our management philosophy is based on two overriding principles. While there are never any guarantees in investing, our first goal is to "own the best and ignore the rest" in terms of equity and asset class selection. In addition, we believe it is vital to actively manage the risk of the market environment at all times in the programs we are responsible for.
HCM Services
Flexible Growth Programs
Actively managed, flexible strategies for investors seeking growth and active risk management. HCM offers three VA programs and three ETF programs.
Top Stock
Programs
The goals of HCM’s two "Top Stocks" programs are to “own the best and ignore the rest” and to manage risk at all times.
Risk Management Programs
Conservatively managed risk management programs offered for selected mutual funds and variable annuities.
Market Analysis & HCM Research
Daily State of the Markets
Good morning. Stocks have been down ten of the last eleven sessions. According to Bespoke, the NYSE Advance/Decline line is now at one of the most oversold levels seen since 1990. The talking heads on T.V. told us yesterday that the NASDAQ is now officially in "correction" territory. The S&P has fallen 6.6% since April 2nd. And the global equity markets have reportedly lost $3 trillion in value since the beginning of May. All thanks to Greece - a country whose GDP is barely larger than that of Houston, Texas.
Mid-day Market & Model Update
Stocks are attempting to rebound a bit this morning as everybody on the planet can see that stocks are oversold and due for a bounce. However, with the resolution to the Greece situation not available for at least a month (the Greek re-do elections are set for June 17), "risk off" seems to be the watchword for the market these days.
