Macro Strategy
- First Word
- Macro Minute Video
Video: Macro Minute: We got tariff liberation day wrong. The White House broke a core covenant of capitalism. But stocks stretched to downside (and excessive recession risk) and we see high probability of de-escalation.
VIDEO: We believe stocks have overshot to the downside, even as technical damage is enormous and requires patience to repair. Please click below to view our Macro Minute (duration: 12:00). https://vimeo. com/1073072971/08279eaef2? share=copy ------------------------- _____________________________ 45 SMID GRANNY SHOT IDEAS: We performed our quarterly rebalance on 2/18. Full stock list here -> Click here...
- First Word
Thursday’s negative -3% gap opening is 7th largest in 40 years and echoes of COVID. But after the close, hints that Trump wants to negotiate = positive
VIDEO: Market saw enormous selling pressure driven by the absurd levels of tariffs and the repeated comments by Lutnick that there is no negotiations. After the close, Trump stated the opposite and views tariffs as giving great power to negotiate Please click below to view our Macro Minute (duration: 7:13). https://vimeo. com/1072399975/0be97a3446?...
First Word
Growing signs of panic as we get close to 4/2 tariff "liberation day" but keep in mind Fed Powell speaks at end of week
VIDEO: Markets became decidedly more risk-averse last week post-Auto tariffs and these fears increased over the weekend with news reports of $700b of tariffs ahead. ...
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Macro Minute Video
Video: Macro Minute: Growing signs of panic as we get close to 4/2 tariff "liberation day" but keep in mind Fed Powell speaks at end of week
VIDEO: Markets became decidedly mere risk-averse last week post-Auto tariffs and these fears increased over the weekend with news reports of $700b of tariffs ahead. ...
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First Word
Tariff wars: when comparing 2025 to 2018, markets flipped to pessimistic far faster — only weeks in 2025 vs months in 2018
VIDEO: During Trump 1.0, equities bottomed when VIX surged and sentiment flipped negative. Took months in 2018 but only weeks in 2025 Please click below to...
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- Macro Minute Video
Video: Macro Minute: 2 steps forward, one step back for stocks Thursday… 32 stocks that might be sold-out (washed out)
VIDEO: Equities fell -4.4% after rising 9.5% Wednesday. This is not entirely surprising and not necessarily adverse. We think it makes sense to look at washed out stocks. Please click below to view our Macro Minute (duration: 8:32). https://vimeo. com/1074498931/883cf1a99a? share=copy ------------------------- _____________________________ 45 SMID GRANNY SHOT IDEAS: We performed our quarterly rebalance on 2/18....
Macro Minute Video
Video: Macro Minute: A look back at 2018 suggests that stocks likely rally post-tariff announcement (4/2) driven by likely drop in VIX (volatility)
VIDEO: We look at back at 2018 and we see stocks recovered from tariff news and rallied strongly. One of the fuels in 2025 is...
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First Word
March FOMC shows a dovish Fed and affirms "Fed put" remains in place, 1 of 4 positives this week so far
VIDEO: We discuss 4 incremental positives this week, including signs a tariff deal might be reached before April 2. Please click below to view our Macro...
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Macro Minute Video
Video: Macro Minute: March FOMC shows a dovish Fed and affirms "Fed put" remains in place, 1 of 4 positives this week so far
VIDEO: We discuss 4 incremental positives this week, including signs a tariff deal might be reached before April 2. Please click below to view our Macro...
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First Word
March Super Granny and Super SMID Granny Market Update
TO DOWNLOAD THE SLIDE DECK FOR OUR MARKET UPDATE WEBINAR, PLEASE CLICK HERE. Please click below to view our Macro Minute video (duration: 4:12). https://vimeo....
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