Telegram
S&P 500 Ends At Another ATH, President Hosts Japanese PM

The market melted higher for much of the week as earnings started off pretty strong at most of the large banks. The S&P 500 closed at 4,185.47 up from 4,128.80 last Friday which was also an all-time-high. Other positive economic data continues trickling in. Growth rates are projected to be quite high in Q2. Despite the highs, we have seen Epicenter underperform over the last month, which was led by Technology. Health Care actually led this week with a 5D gain of 3.35%, followed by Materials at 2.91% and Utilities at 2.74%. The leadership struck us as odd, but we’re confident that Epicenter will pleasantly surprise when they report. Vaccination progress is immense and should permit a return to normal, perhaps a bit sooner than consensus thinks.

We know there’s been some pain in the Epicenter names, however, we still remain confident that these names contain the highest upside based on their capacity for upside Earnings surprises. We have upgraded our stock lists last week and added some names to the Power Epicenter list, be sure to check it out. We think some of the best names in the worst affected industries will begin flexing their new operating leverage in ways that will show unexpected strength to a wary consensus that seems perpetually enamored with Growth. We think this boom will be more smokestack-ey.

You are trying to access FSI member-only content.
You need to have an active FSI Macro, or FSI Pro subcription in order to read this article.
If you are already a member at FSInsight, please Sign In here. If you don’t have a subscription to FSInsight yet, you can sign up below.

Choose one of our yearly plans to save nearly 15%

We accept crypto via BitPay for yearly subscriptions.
    • Macro
      FSI Macro
      from
      $
      199
      /mo
      billed anually
      Get access to all the macro research on FSInsight
      • Tom Lee's First Word
      • Tom Lee’s Equity Strategy
      • Stock Lists
      • ETF Sector Allocation
      • Wall Street Whispers
      • Signal From Noise
      • Technical Analysis
      • US Policy
      • Fed Watch
      • Live Webinars with Q&A
      First Month Free!
    • Crypto
      FSI Digital Assets
      from
      $
      99
      /mo
      billed anually
      Get access to all the crypto research on FSInsight
      • Crypto Daily
      • Crypto First Word from Tom Lee
      • Crypto Blasts from David Grider
      • Crypto Weekly
      • Crypto Technical Analysis
      • Bitcoin Valuation
      • Bitcoin Misery Index
      • Live Webinars with Q&A
      • -
      • -
      First Month Free!
    • Macro + Crypto
      FSI Pro
      from
      $
      249
      /mo
      billed anually
      Get access to all the exclusive research on FSInsight
      • Looking at code?
      • I am hidden!
      • -
      • FSI Macro
      • +
      • FSI Digital Assets
      • Designed by
      • HANGAR115
      • -
      • -
      First Month Free!

More from the author

Disclosures (show)

Want to receive Regular Market Updates to your Inbox?

I am your default error :)
FSInsight logo
150 East 52nd St, 3rd Floor, New York, NY 10022

Subscribe to our Free Weekly Report

An insitutional-grade report delivered to your inbox every week.

© 2021 FSInsight. All rights reserved. Developed by HANGAR115.

Illustrations by Karl Wimer.