Mon June 26, 2023

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...

Wed June 14, 2023

Divergences Likely to Persist

Well, it seems that the ball game is over, and the bulls have clearly won.  Inflation is dead, the Fed should be easing anytime soon, the expected recession has been...

Fri June 9, 2023

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, 2023

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, 2023

Market breadth expanding as 8 of 11 sectors above 20dma (vs 2 last month). 4 reasons "fresh capital” should invest in Industrials. 17 stock ideas.

As we move into the second week of June, our confidence that S&P 500 will gain >20% in 2023 has increased. The decisive upside breakout last week helps, as are...

Fri June 2, 2023

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, 2023

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 17, 2023

FAANG default risk (CDS) less US govt = more reason to OW (even now). Regional banks see DeMark "13" buy setup = stick along with OW "temporary Fed put"

NEW: NOTICE NEW SECTION (ABOVE): ADDED SO YOU CAN SEE OUR TACTICAL IDEAS _We publish on a 3-day a week schedule:_ SKIP MONDAY (traveling) _SKIP TUESDAY Wednesday SKIP THURSDAY Friday_...

Mon May 15, 2023

EPS: Less "bad" is good = inflection for fundamental equity investors = "buy the dip" returns. Week ahead light on macro data and still game of inches.

NEW: NOTICE NEW SECTION (BELOW): ADDED SO YOU CAN SEE OUR TACTICAL IDEAS In our view, last week added to the constructive case for stocks in 2023. The S&P 500...

Fri May 12, 2023

Data this week strengthened pause case, while collapse in margin debt near dot-com trough. FAANG OW justified by AI TINA

NEW: NOTICE NEW SECTION (BELOW): ADDED SO YOU CAN SEE OUR TACTICAL IDEAS This was a big week for inflation data with both critical April CPI (5/10) and PPI (5/11) coming...

Mon May 1, 2023

Arguably, this coming week most critical to our positive equity 2023 thesis. April ISM might be inflection = tactically favor Industrials $XLI this week. Plus, May FOMC might be last hike of cycle = thesis changing.

This is the most hated 7-month, 20% rally ever. This coming week is arguably the most critical to our positive equity thesis in 2023. The S&P 500 is up 9%...

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,...