Welcome back investors! In this weekend’s macro-market Research Report, we intend to catch-up on the markets’ year-to-date performance and advance the probabilities for markets going forward. The S&P 500 finished Thursday (6/15) with its highest close in almost 14 months, leading to its fifth consecutive weekly gain, despite Friday’s loss. The index is currently up…...
In one of Jim Paulsen’s last reports before retiring, penned November 2022, Paulsen urged clients to increase equity market exposure/s. He understood the nuances surrounding the concept of “market liquidity”, which is often muddled and conflated with competing narratives. Let’s look back at Paulsen’s commentary and reporting from November 2022 in the below: “So when…
The Major Trend Index moved up one notch to a net reading of zero (Neutral) in the week ended June 9th. The Sentiment category dipped into negative territory for the first time since January 21, 2022—less than three weeks after the S&P 500’s bull market high. However, that weakness was more than offset by a…...
Check out some top-of-mind topics and subject matter surrounding the market ahead of this week’s key economic data and an FOMC on Wednesday. If you would like to watch the full video, please click the provided link. Have a great trading week team! Reminder: While there have been plenty of ill-timed magazine covers over the…...
Key takeaways Bank of America internal data suggests consumer spending was broadly stable in May, with Bank of America total card spending per household up 0.1% month-over-month (MoM), seasonally adjusted. The year-over-year (YoY) growth rate remains negative at -0.2% YoY. Bank of America data shows older generations’ spending growth is outstripping that of younger generations.…...
Echoes Of 2021 Like us, we suspect most of our research clients have at least one or two non-professional acquaintances who’d be outstanding analysts at that mythical investment firm, Clairvoyant Capital. You know them. The ones who loaded up on Nvidia at the end of last year, but didn’t tell you until now. When they’re…...
“If you are not willing to risk the unusual, you will have to settle for the ordinary! Everyone must choose from one of two pains. The pain of discipline or the pain of regret” ~Jim Rohn Markets do not go up in a straight line but they have no problem leaving the unfaithful behind! ~Seth…...
Hotter but shorter cycles persist — we continue to forecast an earnings recession this year that we don’t think is priced, followed by a sharp EPS rebound in 2024/2025. We recommend investors focus on stocks with defensive characteristics, operational efficiency, and earnings stability. Cyclical Bear within a Secular Bull… We still expect a meaningful earnings…...
Good Sunday Finom Group members. As previously mentioned and due to a death in the family, we are not able to deliver our usual deep-dive, macro-market Research Report this weekend. Having said that and with great appreciation for your patience, we have compiled several studies that remain highly relevant and correlated to the market’s 2023…...
Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down. ~Warren Buffett If you would like to watch the weekly State of the Market video, please click the provided link . Unfortunately, due to a death in the family a week ago and travel plans this weekend to…...
