Good weekend all, and welcome back to my longwinded diatribes of macro-market analysis, consisting of complexly confusing and confounding analytics. Only kidding, but what an attention grabber, eh? As we set a course for Q4 in the month of October, we come to understand that with a positive start to the quarter (SPX up…...
It was a strange end to the month of September and the Q3 period in certain respects. On the one hand ✋, the “Worst Week” quant delivered a positive return (quant data below). On the other hand ✋, for what is typically the worst month of the calendar year, the S&P 500 (SPX) September…...
The 2 hardest aspects of being an investor are probably “staying the course” and “buying the dip.” Volatility is unsettling and often finds investors prone to limbic system or survival responses to the volatile market environment. The market offered up a test for investors this past week. The test asked investors what they would…...
We came into the Midterm Election year with subdued, but still yet positive macro-market expectations and an S&P 500 outlook that fit the positive outlook. And, not but, and now we happen to also find our former sentiment for Federal Reserve activity front and center. While most economists and strategists were forecasting 2-3 rate…...
In my humble opinion, the Fed is rudderless or without a true captain guiding the ship. The Fed chairman’s Jackson Hole speech was met with bond market backlash unlike what we’ve seen in most speeches outside of maybe Jerome Powell’s 2022 Jackson Hole speech. It’s clearly understood, that chairman Warsh is lacking MC skills.…...
Congratulations, but the job isn’t finished. The S&P 500 (SPX) has officially hit 7,800 on an intraday basis the Finom Group 12-month price target objective formerly upwardly revised back on May 17, 2026. “Combined with the fundamental landscape for earnings growth, we are now inclined to increase our February 2026, 12-month forward S&P…...
Number 26 is in the bank 🏦 , and number 27 has a high probability of being achieved either near-term or by year-end. Between now and then, we employ disciplined cash management and look for opportunities to buy cheaper prices in Large-Cap Growth-y areas of the market and/or the market itself. Looking solely at…...
After one heck of a wild ride through the month of July, I (Seth Golden) almost don’t know where to start this weekend’s macro-market Research 🔬 Report… almost! So we will start with the black and white of the macro-market month that was July. The benchmark S&P 500 (SPX) had fallen roughly 3.5% on a…...
In leu of our traditional macro-market Research Report framework (fundamentals, quants, technicals), we’re going to do something a little different this week, a webinar in text format. The value of this week’s macro-market Report, therefore, lay within the education as always, but also as a legacy investing framework. Don’t feel too disappointed that you…...
Avoiding the lure of technical, trend-following strategies while expecting higher earnings growth and higher equity market prices has been rewarded in 2026… and pretty much every bull market cycle, but who am I to remind of such investing facts? The earnings trend should always be an investors’ “North Star.” As they go, so goes…
