Tue September 12, 2023

Software pullback should prove short-lived within Technology

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 April 26, 2023

Equity markets bank into "bunker mode" in front of May FOMC but ATH in unemployment claims for over $200k earners = far softer wage growth ahead. April 2023 rebalance "Granny shots" net -3 (+7, -10).

Reminder, tune in this coming Thursday to an important webinar ___________________________________GRANNY SHOTS APRIL QUARTERLY REBALANCE TODAySEE BELOW FOR ADDS AND DELETES ___________________________________ Equity markets came under selling pressure on Tuesday,...

Wed March 15, 2023

Lows are growing near; Yet a lot of damage has been done

It’s important to take stock of the damage after the Banks crisis led many other sectors down sharply and has caused some greater technical damage than what was seen a...

Mon January 30, 2023

Bond and equity volatilities at lowest levels since 2021 = supportive >20% rise in 2023. Updating "Granny shots" +12 adds (-12 deletes). 2023 YTD +39bp outperformance. 2022 +395bp outperformance. List adds attached.

The most important event in the coming week is the Feb FOMC decision (2/1). We will have more comprehensive thoughts on Wednesday, but as many are aware, we expect the...

Thu January 12, 2023

Energy is an Overweight for 2023, but important to differentiate

Short-term trends remain bullish from late December lows as part of the larger ongoing downtrend from last January.  Thursday’s CPI failed to shake prices lower, but Treasury yields did manage...

Tue November 23, 2021

Energy likely to push back to highs, led by Exploration & Production names

Technical Strategy Video: https://vimeo. com/649234394/f4292acf06 Energy should outperform into 2022 and recent weakness represents buying opportunityExploration and Production Stocks likely to outperform Drillers, Oil Services & IntegratedElliott-wave structure and...

Tue October 19, 2021

Factor Investing: Part 1

:Our Factor Investing Model will be based on 5 common factors (value, quality, low volatility, momentum and size). During 3Q 2021, momentum did well while the other factors were flat...

Fri April 16, 2021

COVID-19 UPDATE: Israel daily cases (per 1mm) now 26 vs 952 (Jan). ND and SD could see "obliteration" by June. Oil prices key to direction of Epicenter trade...

The lag between penetration of vaccines and cases falling is due to a few factors including the fact that vaccines take time to become effective.  And the broader fact, a...

Wed April 14, 2021

COVID-19 UPDATE: Multiple reasons J&J vaccine "pause" not a recovery setback. Epicenter stocks significantly underperformed since mid-March, but EPS revisions = good and Technicals, while damaged, are still positive

3 Deletions: $PBCT, $NVT, $VNO 13 Additions: $AZO, $HOG, $GRMN, $MGM, $WH, $GPS, $LB, $VIRT, $AGCO, $OC, $UBER. $EXP, $NUE 35 "POWER TRIFECTA" STOCKS IDEAS: Consumer Discretionary: $AZO, $HOG, $GRMN,...

Tue April 13, 2021

COVID-19 UPDATE: Global cases within 8% of all-time highs, even as USA down 80%. Energy down 8 of the last 10 days, in past 20 years >8 of last 10 days point to strong 3M gains

But as the global case count below shows, COVID-19 is still spreading wildly and prolifically across the World.  In fact, the 7-day avg cases of 670,000 (and rising rapidly) is...

Mon April 12, 2021

COVID-19 UPDATE: Michigan COVID-19 hospitalizations could surge to new highs in coming weeks. S&P 500 gains YTD explained by +6.4% revisions to 2021 EPS by Street

Is there a common thread to explain this? I am not entirely clear. And of these states, MI seems to be experiencing the worst of the surges. Gov Whitmer has...

Fri April 9, 2021

Epicenter – Stocks with Uncommon Value During Uncommon Times

This list was published in the FIRST WORD dated April 9, 2020. We’ve republished it here in order to highlight it for our valued subscribers. _STRATEGY: UPDATING EPICENTER TRIFECTA LIST  – 24...