Over the past week, the bullet points below are the questions and issues that were brought up the most followed by my responses:

ISSUES

  • The week was quite different than the last several months as clients were not as agitated and showed fewer outright concerns.  It is not totally clear if there was an actual swing in thinking or if U.S. investors were beginning to think about their upcoming long Memorial Day weekend plans. 
  • With COVID appearing to become less and less of a factor for future stock price performance, it seems that people are beginning to change their lockdown mentalities as a result of better weather, daily life moving towards more normal, and the beginning of the summer. 
  • It is my view that the lack of any big market moving economic data relative to recent weeks and the tighter trading range for the S&P 500 may have begun an important shift in investor thinking away from macro dominated fears and pivoting towards stock specific drivers.  Stay tuned to see if this hypothesis sticks and continues.
  • Some questions regarding the lackluster performance of many of the Value/Cyclicals post their recent earnings announcements. 
  • Sectors where there was the most interest this past week were Technology, Industrials, Materials, and Consumer Discretionary.  There remains minimal interest in Utilities, Real Estate, and legacy Telecom. 

SPECIFIC QUESTIONS

Because there were fewer heated topics and no new questions which have not already been addressed in the past several publications, I thought I would do something a bit different in this Whispers.

This week, I did my 2H21 Outlook Webinar.  The event was well attended, but if you missed it, I am including the replay information for you. I am including the most important takeaways from the webinar below.

The replay can be accessed here: and the slide deck from the presentation here:

Webinar Key Slides:

What Our Clients Are Talking About Behind The Scenes

Webinar Key Slides (continued):

What Our Clients Are Talking About Behind The Scenes

Webinar Key Slides (continued):

What Our Clients Are Talking About Behind The Scenes

Webinar Key Slides (continued):

What Our Clients Are Talking About Behind The Scenes

Webinar Key Slides (continued):

What Our Clients Are Talking About Behind The Scenes

Webinar Key Slides (continued):

What Our Clients Are Talking About Behind The Scenes

Webinar Key Slides (continued):

What Our Clients Are Talking About Behind The Scenes

Webinar Key Slides (continued):

What Our Clients Are Talking About Behind The Scenes

Webinar Key Slides (continued):

What Our Clients Are Talking About Behind The Scenes

Webinar Key Slides (continued):

What Our Clients Are Talking About Behind The Scenes

Webinar Key Slides (continued):

What Our Clients Are Talking About Behind The Scenes

Webinar Key Slides (continued):

What Our Clients Are Talking About Behind The Scenes

Disclosures (show)

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