Fri September 8

Headwinds now, but expect tailwinds to prevail in Sept. Upward revisions in profits strongest argument against recession.

We discuss: How headwinds of VIX, yields, apprehension are growing.  But tailwinds are emerging this month as well.  The most notable is EPS revisions inflected positive and along with other...

Fri August 25

Stocks End Three-Week Losing Streak Despite Challenges From Surging Yields, Seasonality

“Science is the great antidote to the poison of enthusiasm and superstition.” ~ Adam Smith Good evening: August has been a challenging month, and we opened this week with the...

Mon August 14

August keeps us wary, but in past week, risk of recession lower and visibility of lower inflation greater. Market increasingly needs to consider Fed could cut rates in early 2024

Today’s note will include a short video update. We discuss:  The fact stocks traded flat on good news does add to our wariness of August.  But odds a recession fell...

Tue August 8

Pharmaceutical stocks look attractive

MARKETS HAVE ENTERED A WINDOW WHERE A POTENTIAL LOW COULD TAKE PLACE THIS WEEK (LIKELY WEDNESDAY-FRIDAY OF THIS WEEK).  US DOLLAR AND US TREASURY YIELDS LOOK TO BE ON THE...

Thu August 3

5 Reasons why Treasury Yields likely stall out into next week

MARKETS LOOK TO HAVE TURNED DOWN ON SCHEDULE.  HOWEVER, I SUSPECT THIS WON’T PROVE EASY FOR MARKET BEARS AND CYCLES SHOW A POTENTIAL TURN 8/7-8/9, WHICH I SUSPECT WILL BE...

Wed July 26

Industrials and Banks save the day despite Tech weakness post FOMC

MARKETS HAVE ENTERED A WINDOW FOR POTENTIAL SHORT-TERM TREND CHANGE, BUT DO NOT EXPECT MUCH SELLING UNTIL AUGUST.  NEAR-TERM, AN SPX-4500-4620 RANGE MIGHT HOLD INTO LAST COUPLE DAYS OF JULY...

Fri July 21

Tremors in market causing many to call "correction" but too early to judge... Fundamental offsets in coming weeks.

The S&P 500 has been soft the past two days, falling from 4,578 to 4,534, or 44 point decline (~1%). The drop in FAANG/$QQQ is even sharper with declines -5%/-3%,...

Wed July 19

Solar Energy starting to make a comeback

SPX STANDS A GOOD CHANCE OF PEAKING OUT IN THE FINAL DAYS OF JULY, WITH KEY TURN DATES POSSIBLE THIS FRIDAY, 7/21 AND/OR 7/24.  AT PRESENT, THE TREND IS STRETCHED...

Mon July 17

US Equities might experience short-term correction starting this week

UPTREND LOOKS TO BE NEARING AN AREA OF POSSIBLE RESISTANCE THIS WEEK.  EXPECT RALLY UP TO SPX 4545-75 COULD MARK RESISTANCE AND ALLOW FOR MINOR PULLBACK TO GET UNDERWAY.  (WIDE...

Wed July 12

INTRADAY ALERT: June CPI report shows downside break in inflation = future path of Fed hikes likely lower = supports stocks

NEW: SECTION (ABOVE) ADDED IDENTIFYING KEY RECOMMENDATIONS AND SUPER GRANNIES Today's June CPI was very good, showing a downside break in core inflation (core CPI) and hints of sustainable decline...

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...

Fri July 7

US Dollar has begun its decline back to new 2023 lows

TREND BULLISH- EXPECTING THAT MINOR PULLBACKS SHOULD PROVE SHORT-LIVED AHEAD OF PUSH HIGHER BACK ABOVE SPX-4500 This week’s churning in US Equities can’t yet be called complete, but a rally...