SUMMARY


  • If domestic GDP growth and PMIs are set to sequentially decelerate, should I be moving towards defensive areas at this time? 
  • Now that we are near mid-year, can you provide an update of your year-end S&P 500 targets for both OEPS and index price level?
  • What are your aggressive tactical indicators signaling now?
  • Any stocks jump out at you based on your single stock quantitative selection model?

The U.S. equity markets continue to remain near all-time highs, but little progress has been made since the S&P 500 first moved to about 4200 on 4/28/21.  Since there has been a dearth of company-specific earnings news the last couple of weeks, investors have had to rely on macro data releases and the headline story of the day.  The economic data has shown the domestic economy is growing but the evidence has left many traders and forecasters conflicted about how strong things are and if inflation is beginning a 1980s surge higher or about to start moderating in the coming months.  Additionally, COVID appears to be fading finally, but it has not totally disappeared as of yet.  The mix of all these factors has left investors searching for a catalyst for the next big move in the S&P 500. 

The start of the 2Q21 earning...

Unlock this article with a FREE 30-Day Trial!

An FSI Macro, FSI Crypto, FSI Pro, or FSI Weekly subscription is required in order to access this content.

*Free trial available only on a monthly plan

Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You’ve reached your limit of 2 free monthly articles. Please enter your email to unlock 1 more articles.

Already have an account? Sign In

Don't Miss Out
First Month Free