Wed November 30, 2022

Investors more "bearish" in front of Wed Fed Chair Powell at Brookings Institution, but other key macro offsets this...

In the first two trading days of this week, equities have been soft. Ostensibly, there are 3 near-term factors that are weighing on equities:Concerns about China protests turmoil and impact...

Mon November 28, 2022

11 headwinds of 2022 already turned into 11 tailwinds in past month... why YE rally intact

The Thanksgiving holiday has ended and now markets are entering the final key weeks of 2022. It has been a tremendously difficult year for markets and much of the carnage...

Wed November 23, 2022

88% of Americans eat turkey tomo... less "consensus" than % who see recession in 2023. Markets are not "fighting the Fed" if inflation is set to cool.

The conviction that the US is hurtling towards/or already in a recession is ubiquitous. Many can cite a litany of statistics such as:inverted curve,Fed hikes so fast and so high,...

Mon November 21, 2022

Next 3 weeks will be decisive on the trajectory for inflation (we think dovish view prevails). Staying half-full.

The US celebrates Thanksgiving this week and given the easing of COVID-19 restrictions in 2022, we expect many Americans to be especially thankful and celebrating. I know I will be...

Fri November 18, 2022

Markets Down for The Week on Tough Talk From Fed But Bounce on Friday

“Whenever you find yourself on the side of the majority, it is time to pause and reflect.”- Mark Twain There’s a lot of complex jargon and intimidating math associated with...

Fri November 18, 2022

Takeaways from Tel Aviv... investors wait for clearer signs of falling inflation but that is also consensus. 2023 EPS probably above consensus if USD softens in 2023.

I just returned from a multiday visit with institutional investors in Tel Aviv. Over the course of two days, we sat down with over 80 institutional investors representing AUM of...

Mon November 14, 2022

Please don't ignore 6 key signals from last week... it was a "game changer" and supportive of YE rally

Most of 2022 has been a cascade of ever more troubling developments, from surging inflation, Russia-Ukraine war, Fed going full Volcker, China issues and multiple seismic crypto events (terra luna,...