Fri September 15

Stock Markets Churn Ahead of FOMC Week

“I try to do the right thing at the right time. They may just be little things, but usually they make the difference between winning and losing.” ~ Kareem Abdul-Jabbar...

Fri September 15

ECB makes dovish turn, risk rallies… a harbinger to when that day arrives for Fed. Removing tactical OW of regional banks.

We discuss: It’s been a data heavy week, but the big news is ECB yesterday and it’s dovish impact on bond markets. Please click below to view today’s Macro Minute (Duration:...

Wed September 13

Market internals worsening despite indices holding up

US EQUITY INDICES AND TREASURY YIELDS REMAIN QUITE CHOPPY, BUT THE PATH OF LEAST RESISTANCE REMAINS LOWER OVER THE FINAL COUPLE WEEKS OF SEPTEMBER.  TREASURY YIELDS LOOK LIKELY TO BREAK...

Wed July 12

The last two "meaningful" CPI positive surprises (Oct 2022 and Feb 2023) saw +4%-5% 5D rally = 180 to 225 points today. Thus, 100 point gain could be "low end" of a potential rally.

NEW: SECTION (ABOVE) ADDED IDENTIFYING KEY RECOMMENDATIONS AND SUPER GRANNIES ________________________________________________ _TODAY'S NOTE WILL INCLUDE A SHORT VIDEO UPDATE. WE DISCUSS THAT OF THE LAST 8 CPI REPORTS, MARKETS HAD...

Mon June 26

Given first half 2023 gains >10%, history suggests second half gains ~12% = S&P 500 >4,700 by YE. This may be due to the "Nutty Professor" effect and evident in FAANG stocks.

NEW: SECTION (ABOVE) ADDED IDENTIFYING KEY RECOMMENDATIONS AND SUPER GRANNIES ________________________________________________ _PLEASE CLICK BELOW TO VIEW YESTERDAY'S MACRO MINUTE (DURATION 4:18):_ https://vimeo. com/839567861/ee22e2cc48? share=copy WORD OF NOTE: I AM VISITING...

Thu June 22

Regional Bank decline looks overblown

TREND BULLISH- EXPECT THAT THIS WEEK’S MINOR WEAKNESS IS BUYABLE INTO END OF WEEK FOR A PUSH BACK TO NEW MONTHLY HIGHS INTO MID-JULY.  UNDER SPX-4300 REPRESENTS THE FIRST SIGN...

Fri June 9

Strength in stocks YTD is explained by better fundamentals + drop in VIX. And now 26 groups are in solid positive trend (vs 4 a month ago). Next week remains one of most critical of 2023.

The upside breakout in equities puts the S&P 500 near 4,300, a key round number and near the August 2022 highs (4,325). Our base remains that S&P 500 will gain...

Wed June 7

So much gloom out there, yet the S&P 500 is up 12%. Sell-side "chasing stocks" higher but even after 9 target changes, only 5 Strategists see upside into YE. Softer inflation strengthens case for "dovish" June hike.

It is not an exaggeration to say investors just seem so gloomy. I don't have to look far. My twitter feed is full of doom and "don't chase stocks due...

Mon June 5

Equal-weighted SPX breakout looks bullish for broader market recovery

TREND BULLISH- EXPECTING THAT SPX-4325 MIGHT PROVE TEMPORARY STOPPING POINT ONLY AND PULLBACKS SHOULD BE BUYABLE FOR RALLY INTO LATE JUNE A few important technical developments occurred over the past...

Fri June 2

INTRADAY ALERT: May jobs show soft earnings growth = soft landing = Fed pause = good. We expect broadening of rally on "soft landing" thesis

NEW: SECTION (ABOVE) ADDED IDENTIFYING KEY RECOMMENDATIONS AND SUPER GRANNIES Please click below to view today's video update: https://vimeo. com/832778137/f5bff60b88? share=copy Equity markets managed to break to 2023 closing and...

Fri June 2

Solid start to June (YTD >10% now) but June Fed FOMC key. We still like FAANG and flag 3 (or 4) FAANG laggards we like.

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...

Wed May 31

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...