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:...

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...

Thu May 18

"Buy the dip" regime back since March 23, 2023 as analysis shows S&P 500 regain 2% losses less than 1 month, reversing "sell the rip" regime of 2022. Stick with FAANG, Industrials and tactically Regional banks.

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 _Thursday <-- _Schedule...

Wed May 17

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_...

Wed May 10

Potentially "hot" April CPI report, testing height Fed pause bar...but so far 2023 is a "game of inches" where bulls gaining. Even global GDP creeping higher.

NEW: NOTICE NEW SECTION (BELOW): ADDED SO YOU CAN SEE OUR TACTICAL IDEAS Market direction in 2023 feels like a "game of inches" (Al Pacino in Every Given Sunday, see...

Mon May 8

Post-FOMC fallout creates temporary "Fed put" on regional banks -- hence, recommend 4-6 week tactical OW in regional banks $KRE plus 5 regional stocks

NEW: NOTICE NEW SECTION (BELOW): ADDED SO YOU CAN SEE OUR TACTICAL IDEAS Last week, we were in Boston visiting with our institutional investor clients. Investors are overall cautious, which...

Fri May 5

Stocks Move Lower To Kick Off May

~ Peter Lynch Good evening: Despite the prevailingly negative sentiment about the market, we entered May with the S&P 500 almost exactly where it was one year ago: it closed...

Fri May 5

As regional banks pressures spread, S&P 500 faces headwinds. But look for possible near-term bottom of banks (per Newton). April Jobs and CPI are next 2 key data points.

At the start of the week, I was hopeful that the combination of Fed decision day (5/3) and soft readings on labor (JOLTS, employment report) would cause markets to constructively...

Mon March 27

Even as banking crisis still expanding, FAANG/Tech nearly recovered entire 2022 losses

The scope of the banking crisis continues to edge wider, with additional regional banks seeing pressure by investors (bonds well under par) and over the weekend, a Bloomberg article noted...