FSI Macro
- First Word
Two key data points past few days. Blackbook Used cars + Debt ceiling = positive. FYI, markets don't "blare trumpets" at the low (Oct 2022 low).
NEW: SECTION (ABOVE) ADDED IDENTIFYING KEY RECOMMENDATIONS AND SUPER GRANNIES ________________________________________________ In case you missed our webinar "Super Granny" Shots last weekwe discussed "SUPER GRANNY" shots that are expected to tactically gain near-termand "SLEEPING GRANNIES" which we expect to tactically _UNDERPERFORM_ ________________________________________________ In the past week, there has been a...
- US Policy
Debt ceiling deal goes to Congress
After intense negotiations between the White House and the House Speaker, an agreement was reached over the weekend that, if passed, would avoid a government default on US Government payments. Last week Treasury Secretary Yellen told Congress that the X-Date for default was June 5. Now the tough part comes...
- Daily Technical Strategy
It’s a tale of two markets, and right now, Technology trumps all
TREND STILL BULLISH, SPX IS EXPECTED TO PUSH UP TO 4235-4275, BEFORE CONSOLIDATION SETS IN; UNDER 4048 REQUIRED TO TURN TREND BEARISH “_It was the best of times, it was the worst of times_” Charles Dickens opening to “A Tale of Two Cities” is appropriate for this market. In this...
- Your Weekly Roadmap
- US Policy
Debt Ceiling Talks Continue
Talks between the White House and the House Republicans were continuing as of Friday afternoon. While there have been reports of progress, no deal has been struck. The outlines of a deal have been discussed for a while and include some sort of budget cap for the next fiscal year,...
- Intraday First Word
INTRADAY ALERT: April PCE not great, 3 items point to future disinflation = keep Fed "pause." Stick with thematic FAANG/AI + Grannies
NEW: SECTION (ABOVE) ADDED IDENTIFYING KEY RECOMMENDATIONS AND SUPER GRANNIES April Core PCE came in "hotter" than expected at 0.40% MoM vs Street 0.3%. That is a "hot print" and, at face value, should have triggered a re-pricing of Fed funds expectations (June hike into play) and higher interest rates.Instead...
- First Word
A week of market churning (-1%... debt ceiling) but triumph of thematic investing (FAANG/AI +2.2%). Market breadth better than pundits argue as 142 stocks beating market (28%) YTD.
NEW: SECTION (ABOVE) ADDED IDENTIFYING KEY RECOMMENDATIONS AND SUPER GRANNIES SKIP MONDAY <– Memorial Day Holiday SKIP TUESDAY Wednesday SKIP THURSDAY Friday ________________________________________________ In case you missed our webinar "Super Granny" Shots this weekwe discussed "SUPER GRANNY" shots that are expected to tactically gain near-termand "SLEEPING GRANNIES" which we expect...
- Earnings Daily
FS Insight 1Q23 Daily Earnings Update - 5/26/2023
15 companies are reporting this week.Of the 484 companies that have reported so far (97% of the S&P 500):Overall, 77% are beating estimates, and those that "beat" are beating by a median of 8%.Of the 23% missing, those are missing by a median of -6%.On the top line, overall results...
- Daily Technical Strategy
Bifurcated market worth paying close attention to
TREND STILL BULLISH- EXPECTING UPCOMING PUSH BACK ABOVE SPX-4200 -ANY BREAK OF 4104 WOULD TURN TREND SHORT-TERM BEARISH Technology yet again has begun to dominate market performance and has begun to camouflage some of the weakness being seen in other sectors. While NVDA results resulted in strong upside performance for...
- Earnings Daily
FS Insight 1Q23 Daily Earnings Update - 5/25/2023
14 companies are reporting this week.Of the 478 companies that have reported so far (96% of the S&P 500):Overall, 77% are beating estimates, and those that "beat" are beating by a median of 8%.Of the 22% missing, those are missing by a median of -6%.On the top line, overall results...
