Video: Macro Minute: Revisiting the 3 things we are watching in July --> tracking. June FOMC minutes show inflation concerns diminishing except for tariffs

VIDEO: At the start of this month, we discussed the 3 key things we are watching: (i) July 9th tariff deadline; (ii) July FOMC (end of month) and (iii) positive seasonals. This is still tracking and given this is a light week for macro, remember the adage: “never short a dull market.

Please click below to view our Macro Minute (duration: 5:10).

The bull market has proven itself intact. We previously identified two lists of “wash out” stocks, both large-cap (22 names) and SMID-cap (27 names). We want to look at stocks which did not make a new low between April 1-April 8, even as the S&P 500 fell to new lows.
The large-cap criteria is as follows:

  • Current Market Cap >$15 Billion
  •  Declined more than 30% before Feb 18th
  •  Didn’t make new closing low between April 1st & April 8th
  •  Current price down more than 25% from 52W High

The large-cap “washed out” tickers are:
WBD 0.98%  LULU 1.62%  TSLA -3.59%  DKNG 8.68%  DG 3.42%  DLTR 3.66%  BF STZ -0.23%  RKT 3.52%  COIN 4.40%  HOOD 3.09%  HUM 0.55%  UAL 1.73%  LDOS 1.14%  TEAM 1.09%  HUBS 0.03%  MSTR 1.98%  CRM 0.25%  NET 3.06%  SMCI -1.00%  EIX 0.85%  VST 3.18%
The SMID-cap criteria is as follows:

  • Current Market Cap <$15 Billion
  •  Declined more than 30% before Feb 18th
  •  Didn’t make new closing low between April 1st & April 8th
  •  Current price down more than 25% from 52W High
  •  Short interest Day to Cover Ratio >2

The SMID-cap “washed out” tickers are:
DJT -1.05%  ROKU -2.92%  AS -0.44%  LCID -3.84%  RIVN 0.20%  LKQ 1.17%  CROX 0.54%  NCLH 4.61%  WBA CELH -8.06%  SOFI 3.94%  MKTX 0.92%  COLB 1.93%  GRAL -0.82%  INSP -2.41%  PRGO -3.28%  CNXC -5.11%  DAY -0.28%  LUV 2.19%  LYFT 3.53%  CFLT -1.31%  DT 2.52%  ESTC 3.97%  PCOR 0.64%  LITE 0.18%  ALAB 1.64%  AES -0.42%

Video: Macro Minute: Revisiting the 3 things we are watching in July --> tracking. June FOMC minutes show inflation concerns diminishing except for tariffs

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45 SMID Granny Shot Ideas: We performed our quarterly rebalance on 5/22. Full stock list here -> Click here

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