June 24, 2022

In this strategy briefing…

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 ... – The Wall Street DebriefRead more
Inflation vs Recession = Markets focus of either “half-empty” views to “worser half-empty” Incoming data this week has pointed to a pronounced softening of economic momentum globally, and this has pushed commodity prices lower and similarly ... – Tom Lee's Equity StrategyRead more
Beware of this rally. My work suggests that oversold tactical bounces like we experienced this week should be faded, not bought. I don’t think we are in “hide under your desk” markets either. However, based on ... – Alpha CityRead more

FS Insight Investment Views

Near Term View:Markets had their third positive week in the last 13. Gains were highest in the unusual trio of Health Care, Real Estate and Consumer Discretionary. Commodities fell along with rates as recession fears increased.
‘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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