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Financial Research

Your Weekly Roadmap

Your Weekly Roadmap

Good Evening: In times of uncertainty, Abraham Lincoln quoted lines from Shakespeare’s _Hamlet_. “There’s a divinity that shapes our ends, / Rough-hew them how we will.” Hamlet is acknowledging that there are many things outside of his control. The point is that much of life,...

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Markets Rally Hard on Friday, All Sectors Green

Good Evening: Markets had a strong week and rallied robustly on Friday. Stocks rallied into the close and ended near sessions highs. All sectors were in the green. The top three sectors on Friday were Materials, Financials and Consumer Discretionary. Earlier in the week Defensive sectors like Healthcare, Utilities and...

Managing Emotions Amid Volatility

Good Evening: _“People are like stained-glass windows. They sparkle and shine when the sun is out, but when the darkness sets in, their true beauty is revealed only if there is a light from within.” -- Elisabeth Kübler-Ross_ Nothing is entirely predictable. The German physicist Werner Heisenberg, who came up...

Markets Sell-Off on Hot Inflation, Bad Consumer Sentiment

Good Evening: Markets were thrashed on Friday by a white-hot CPI print and also the lowest level for the University of Michigan Consumer Sentiment survey in the entire history of the indicator. Over the last year, Energy rose 34.6%, with gasoline even higher, and groceries jumped 12%, but the levels...

Why Tom Lee and Mark Newton Are Bullish

Good Evening: “You look at every bear market and they’ve always basically occurred because of an uptick in inflation and an uptick in interest rates.” – Paul Tudor Jones The correction we’ve experienced this year fits Mr. Jones’ sentiment. Still, the enduring questions on the Street remain: What’s the Fed’s...

Is The Bottom In? Markets Have Positive Week After PCE

Good Evening: Markets broke an 8-week losing streak. The beginning of the week was tough, and not much has changed regarding the many risks facing markets other than inflation appears to be cooling. Despite this much-needed relief, let’s also remember that Chairman Powell said, “This is not a time for...

How to View This Turbulent Market

“_If you’re invested in security and certainty, you are on the wrong planet._” – Pema Chödrön During our Friday morning meeting in New York, Mark Newton, head of technical strategy, drew a fascinating comparison between this environment—one of the more treacherous we’ve seen—and that of 1962. It was President John...

Markets Rally On Friday, But Still Down For The Week

Good Evening: This was another dramatic and volatile week in markets. A higher-than-expected inflation reading on Wednesday spooked markets a bit, but an even bigger sell-off occurred on Thursday when the S&P 500 briefly dipped to lows below 3,860. Today, markets recovered with a strong rally that brough the VIX...

Staying Cool Amid the Panic

Good evening: Many people seem to believe we live in especially exhaustive, volatile times. But the rhythms of our moment – pandemic, protest, pandemic, election, insurrection, pandemic, inflation, invasion of Ukraine, market volatility – are nothing new. As Tom Lee, our head of research, likes to note: There’s nothing new...

Markets Clock Worst Month since March 2020

Good evening, everyone, and happy Friday. We need a breather. In April, stocks posted their worst month since March 2020. The NASDAQ and S&P 500 clocked their fourth consecutive losing week, which doubled as the NASDAQ’s worst month since 2008. The U.S. economy shrank in the first quarter at a...

Markets Have Worst Day Since 2020

Markets had their fourth consecutive week of losses. Friday was a particularly bad day with all the major indexes down more than 2.5%. The Dow had its worst one-day loss since the dog days of COVID-19. Some of the key losers dragging the stalwart index down were United Health, Caterpillar,...