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 LULU TSLA DKNG DG DLTR BF STZ RKT COIN HOOD HUM UAL LDOS TEAM HUBS MSTR CRM NET SMCI EIX VST
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 ROKU AS LCID RIVN LKQ CROX NCLH WBA CELH SOFI MKTX COLB GRAL INSP PRGO CNXC DAY LUV LYFT CFLT DT ESTC PCOR LITE ALAB AES

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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