Ticker Appearances
Your Weekly Roadmap
Stocks Move Lower To Kick Off May
~ Peter Lynch Good evening: Despite the prevailingly negative sentiment about the market, we entered May with the S&P 500 almost exactly where it was...
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First Word
As regional banks pressures spread, S&P 500 faces headwinds. But look for possible near-term bottom of banks (per Newton). April Jobs and CPI are next 2 key data points.
At the start of the week, I was hopeful that the combination of Fed decision day (5/3) and soft readings on labor (JOLTS, employment report)...
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First Word
MAKE OR BREAK WEEK: JOLTS show the "bro"-cession becoming more visible in data and possibly April jobs (this Fri). Despite market weakness past few days, risk/reward positive on Fed "dovish" +25bp hike.
The S&P 500 closed a year ago (4/30/22) at 4,132 and closed April 2023 at 4,169. Yes, the S&P 500 is exactly flat with where...
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First Word
Aftershocks part 3: Ripples still widening. Technology borrowing costs now 63bp LOWER than banks and VIX closed below 20 1st time since SVB.
It has been nearly 3 weeks since the sudden failure of SVB and the aftershocks continue. The biggest impact from the banking crisis is the...
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First Word
Even as banking crisis still expanding, FAANG/Tech nearly recovered entire 2022 losses
The scope of the banking crisis continues to edge wider, with additional regional banks seeing pressure by investors (bonds well under par) and over the...
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First Word
Post-March FOMC, Powell cited "tight" (regarding policy/banks) 23 times vs 8 in Feb = Fed reaction function changing. 5 reasons Technology/FAANG and Bitcoin holding up, despite credit/rates turmoil.
Two weeks ago, the collapse of Silicon Valley Bank (SVB Financial) triggered the current financial crisis and these aftershocks continue. The severity of the shock...
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First Word
Aftershocks Part 2: UBS/CS merger staves off failure, but confidence shaken for bank stakeholders = markets now "reaction dependent" and Fed might do so. 4 signs to see first signs the crisis ebbing. Stay OW Tech + Bitcoin.
Over the weekend, UBS 0.78% announced plans to acquire Credit Suisse, in the latest action to contain the widening financial crisis. A total of 4 notable...
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Your Weekly Roadmap
Indexes Finish Higher Amid Banking Chaos
Good evening: Turmoil in the banking sector has left many investors with flashbacks to 2008’s GFC and even the 1980s savings and loan crisis, though...
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First Word
SVB informs clients "back to business" yet carnage in FRC bonds, CITI+CS CDS (blowout) and KRE banks down 20% = Monetary Policy is finally "biting" = Fed can take foot off the gas. Ex-FAANG, S&P 500 P/E 14.3X ('24E), not demanding.
On Monday evening, the new CEO of Silicon Valley Bank (SVB) sent an email to clients informing them SVB "is open and conducting business as...
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First Word
INTRADAY ALERT: Aftershock part 1... Markets now see Fed cuts by YE as inflation expected to be "dead in its tracks" driven by possible job losses/disinflation by credit-tightening and VC-shock. Still near-term after-shocks.
There are some important developments taking place in financial markets this morning that warrant flagging. These are consistent with our comments from our First Word...
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Your Weekly Roadmap
Stocks Move Lower To Kick Off May
~ Peter Lynch Good evening: Despite the prevailingly negative sentiment about the market, we entered May with the S&P 500 almost exactly where it was...
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First Word
As regional banks pressures spread, S&P 500 faces headwinds. But look for possible near-term bottom of banks (per Newton). April Jobs and CPI are next 2 key data points.
At the start of the week, I was hopeful that the combination of Fed decision day (5/3) and soft readings on labor (JOLTS, employment report)...
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First Word
MAKE OR BREAK WEEK: JOLTS show the "bro"-cession becoming more visible in data and possibly April jobs (this Fri). Despite market weakness past few days, risk/reward positive on Fed "dovish" +25bp hike.
The S&P 500 closed a year ago (4/30/22) at 4,132 and closed April 2023 at 4,169. Yes, the S&P 500 is exactly flat with where...
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First Word
Aftershocks part 3: Ripples still widening. Technology borrowing costs now 63bp LOWER than banks and VIX closed below 20 1st time since SVB.
It has been nearly 3 weeks since the sudden failure of SVB and the aftershocks continue. The biggest impact from the banking crisis is the...
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First Word
Even as banking crisis still expanding, FAANG/Tech nearly recovered entire 2022 losses
The scope of the banking crisis continues to edge wider, with additional regional banks seeing pressure by investors (bonds well under par) and over the...
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First Word
Post-March FOMC, Powell cited "tight" (regarding policy/banks) 23 times vs 8 in Feb = Fed reaction function changing. 5 reasons Technology/FAANG and Bitcoin holding up, despite credit/rates turmoil.
Two weeks ago, the collapse of Silicon Valley Bank (SVB Financial) triggered the current financial crisis and these aftershocks continue. The severity of the shock...
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First Word
Aftershocks Part 2: UBS/CS merger staves off failure, but confidence shaken for bank stakeholders = markets now "reaction dependent" and Fed might do so. 4 signs to see first signs the crisis ebbing. Stay OW Tech + Bitcoin.
Over the weekend, UBS 0.78% announced plans to acquire Credit Suisse, in the latest action to contain the widening financial crisis. A total of 4 notable...
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Your Weekly Roadmap
Indexes Finish Higher Amid Banking Chaos
Good evening: Turmoil in the banking sector has left many investors with flashbacks to 2008’s GFC and even the 1980s savings and loan crisis, though...
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First Word
SVB informs clients "back to business" yet carnage in FRC bonds, CITI+CS CDS (blowout) and KRE banks down 20% = Monetary Policy is finally "biting" = Fed can take foot off the gas. Ex-FAANG, S&P 500 P/E 14.3X ('24E), not demanding.
On Monday evening, the new CEO of Silicon Valley Bank (SVB) sent an email to clients informing them SVB "is open and conducting business as...
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First Word
INTRADAY ALERT: Aftershock part 1... Markets now see Fed cuts by YE as inflation expected to be "dead in its tracks" driven by possible job losses/disinflation by credit-tightening and VC-shock. Still near-term after-shocks.
There are some important developments taking place in financial markets this morning that warrant flagging. These are consistent with our comments from our First Word...
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