Solid start to June (YTD >10% now) but June Fed FOMC key. We still like FAANG and flag 3 (or 4) FAANG laggards we like.

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NEW: Section (above) added identifying Key Recommendations and Super Grannies

________________________________________________

In case you missed our webinar “Super Granny” Shots last week

  • we discussed “Super Granny” shots that are expected to tactically gain near-term
  • and Sleeping grannies” which we expect to tactically underperform
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In case you missed our brief Macro Update video last night. Please click below to view:

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The chart in this report is only accessible to members

Solid start to June but Fed FOMC decision is key

The S&P 500 is up 10% YTD (5 mos) and many investors simply "sat this out" -- on sidelines given multiple overlapping uncertainties.

Equities have been rising now for 8 months and if stocks rise again in June, that would be 9 months of gains -- meaning, the rally since October 12, 2022 is longer than the 9 month drawdown -27%. And arguably, further solidifies the fact that October 12, 2022 was the end of the bear market. A new bull market has been underway. 2023 is tracking with our baseline view that the highest probability is the S&P 500 will gain >20% this year, reflecting a positive combination of Fed relenting...
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