FSI Macro
- Daily Technical Strategy
- Intraday First Word
INTRADAY ALERT: June Core PCE +0.18% MoM good enough for markets to raise odds of +50bp (2 cuts) in Sept = good. Supports "summer of small-caps"
The June Core PCE came in at +0.18% MoM. This was slightly higher than consenus but as we highlight below, there are 4 items driving this:The 4 upside drivers for June PCE: - Professional services - Food services - Other durable goods - Recreational itemsIn total, this added +0.14bp sequentially...
- First to Market
Taking Care of Business
A daily market update from FS Insight — what you need to know ahead of opening bell "Don't let nobody take care of your business better than you." — James Brown OVERNIGHT Sabotage hits France’s rail lines as Olympics begin WSJ OpenAI to launch ‘SearchGPT’ in challenge to Google FT...
Earnings Daily
Daily Technical Strategy
July seasonality argues for a strong end of month rally
SPX AND QQQ LOOK TO BE TRYING TO STABILIZE AFTER PULLING BACK TO SUPPORT AND SHOWING A STRONG INITIAL PUSH OFF THE LOWS INTO MID-DAY...
Macro Minute Video
Video: Macro Minute: PCE important Fri. Small-caps $IWM just generated a signal only seen 10 times since 1979 and almost always "early cycle" signal with 100% win-ratio 3M, 6M and 12M later (90% 1M).
VIDEO: Small-caps just generated a very important quantitative signal, moving >1% in 11 of the last 12 trading sessions. This has only happened at the start...
- US Policy
Trump vs. Harris, House Goes Home
Last Sunday, the political world was shaken by the announcement by President Biden that he would not accept the Democratic Presidential nomination. The President then went on to endorse his Vice President, Kamala Harris. Harris quickly consolidated her position and is now seen as the presumptive Democratic nominee. VP Harris...
Macro Minute Video
Video: Macro Minute: The painful selloff Wed highlights that small-cap rotation is underway, we would buy the dip in "summer of small caps"
VIDEO: The selling Wednesday is overdone. And when the dust settles, we are buying the dip. But the more compelling case remains small-caps and we are...
First to Market
Small But Mighty
A daily market update from FS Insight — what you need to know ahead of opening bell "And though she be but little, she is...
First Word
Two key developments this week (so far). First, "technical confirmation" of the small-cap breakout and second, evidence this is funded by rotation out of large-caps.
VIDEO: The "summer of small caps" appears to be triggering a rotation out of large-cap as noted by Mark Newton, Head of Technical Strategy. Also, the...
Macro Minute Video
Video: Macro Minute: Two key developments this week (so far). First, "technical confirmation" of the small-cap breakout and second, evidence this is funded by rotation out of large-caps.
VIDEO: The "summer of small caps" appears to be triggering a rotation out of large-cap as noted by Mark Newton, Head of Technical Strategy. Also, the...
