June 10, 2022

In this strategy briefing…

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, ... – The Wall Street DebriefRead more
May CPI obvious focus but “half full” gaining incrementally As many of our clients have remarked recently, every economic data point is really an inflation report. Repeating the obvious logic: trajectory of inflation impacts Fed rate path. ... – Tom Lee's Equity StrategyRead more
The market was hit with two body blows today, the first was the hotter than expected CPI Print which came in at 8.6% on expectations of 8.3%. The second blow was the lowest reading for ... – Portfolio StrategyRead more

FS Insight Investment Views

Near Term View:Markets had a tough week. Target and Intel made negative announcements. Later in the week the CPI number came in at the highest level since 1981 and consumer sentiment plummeted. Recession fears are rising.
‘22 Target:5,100 (YE P/E 20.5x · 2023 EPS $250)
Granny Shots:AAPL, MSFT, AMZN, CSCO, GOOG, QCOM, AVGO, GRMN, TSLA, NVDA, AMD, BF-B, PM, AMT, EXR, CCI, QRVO, PG, MNST, KLAC, VINF, CB, WRB, ALL, DVN, PSX, CVX, CF, XOM, AXP, PYPL
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