Macro Strategy
- First Word
- Macro Minute Video
Video: Macro Minute: We expect NVDA and broader rally post-NVDA results, pulling cash off sidelines. CDNS and SMCI attractive corollary plays.
VIDEO: We think cash moves off the sidelines post-NVDA results. We highlight 20 stocks most correlated to $NVDA. Please click below to view our Macro Minute (duration: 4:49). https://vimeo. com/948938062/f86b0ec14b? share=copy _____________________________ 36 GRANNY SHOT IDEAS AND 44 SMID GRANNY SHOT IDEAS: We performed our quarterly rebalance on 4/16. Full stock list here...
- First Word
GRANNY SHOTS: May 2024 Super Granny update
On Tuesday, 5/21, we hold our monthly webinar on the Top 5 “Super” and Bottom 5 “Sleeper" ideas within our Large Cap Granny Shot and SMID Granny Shot portfolios. We also provide a Macro Update. If you have not yet registered, sign up with the webinar block below. ___________________________________UPDATING 5...
Macro Minute Video
VIDEO: Macro Minute: VIX surging near 20 and term structure inversion says bad news still "getting priced in" and thus, tells to be even "slower" to buy the dip
VIDEO: Equities suffered technical damage, falling below the 50-day moving average. But we are seeing fear surge, with VIX near 20 and the term structure inverted. ...
First Word
The coming week is an important "fragility test" for markets as equities sit at 50dma. While de-risking is "knee jerk" response, this dip will likely be bought. In contrast to 2022 Ukraine-war eve, Fed is dovish.
VIDEO: The market faces an important fragility test this week, but to us, the key lies in the amount of required de-leveraging and also Fed stance....
Macro Videos
VIDEO: Macro Minute: The coming week is an important "fragility test" for markets as equities sit at 50dma. While de-risking is "knee jerk" response, this dip will likely be bought. In contrast to 2022 Ukraine-war eve, Fed is dovish.
VIDEO: The market faces an important fragility test this week, but to us, the key lies in the amount of required de-leveraging and also Fed stance....
- Macro Minute Video
Video: Macro Minute: Case-Shiller April price data (Tue 9am ET) likely to confirm home prices YoY set to roll over. Also, Bitcoin selloff from Mt Gox only temporary
VIDEO: The year ago Case-Shiller home prices were rising ~0.80% MoM April thru Sept, and the pace in 2024 is more like +0.30% MoM. This means home prices YoY are set to rollover hard = affirming future shelter inflation falling. Please click below to view our Macro Minute (duration: 5:31). https://vimeo. com/967083962/0b390645ea?...
Macro Minute Video
VIDEO: Macro Minute: Exiting Feb, S&P 500 +7% YTD. Next key decision point is Feb CPI on March 12. Beware of "residual seasonality"
VIDEO: We discuss how the key date is likely March 12, Feb CPI day. The key is the residual seasonal problem in Jan often spills into...
Macro Minute Video
VIDEO: Macro Minute: 4 themes working in 2024. Jan PCE released Thu am. Recall, "stubborn" inflation is Auto insurance + Shelter. NYSE margin debt barely rose in Jan
VIDEO: We discuss the four themes working so far in 2024, including the stealth rally in small-caps. That is a surprise given the Fed odds of...
Macro Minute Video
VIDEO: Macro Minute: Jan PCE this Thu is key macro. Buy the dip coming back strong. Ex: PANW selloff last week
VIDEO: The key macro data point this week is Jan PCE released Thu. There seems to be some increased momentum of inflation shown in Jan CPI...
First Word
NVDA 4Q23 EPS increase was $10.7b of S&P 500 EPS gain $34.9B (31%). AMZN another 30%. Ex-bottom 15 cos, S&P 500 EPS growth >14%
VIDEO: NVDA accounted for 31% of all profit growth in 4Q23, so a strong argument against a bubble. Inflation remains the unknown near-term. Please click below...
