I’ve gathered a few ideas from several of my memos this year – plus some recent musings and conversations – to form the subject of this memo: what really matters or should matter for investors. I’ll start by examining a number of things that I think don’t matter. What Doesn’t Matter: Short-Term Events In The Illusion…...
By Michael Cembalest: December 1, 2022 Non-Fungible Trainwreck. First, I’m pleased to offer readers of the Eye on the Market a holiday gift that I commissioned for you: a one-of-a-kind “APE Innovation ETF” non-fungible token. Just copy and paste the image below and your digital journey will begin. Maybe hang it in the digital living…
By: Doug Ramsey Chief Investment Officer & Portfolio Manager Doug is the Chief Investment Officer of The Leuthold Group, LLC, and Co-Portfolio Manager of the Leuthold Core Investment Fund and the Leuthold Global Fund. When Jerome Powell took the reins of the Federal Reserve in early 2018, many commentators cheered the fact that he does…...
Absolute best investors I’ve encountered aren’t successful because they predicted the trend or the macro-outlook, but because they have a time-tested process that doesn’t rely on such predictions! ~Seth Marcus If you would like to watch this week’s State of the Market video, please click the provided link. Have a great trading week and be…...
2023 Global Economic Outlook • With financial conditions tightening and the winter aggravating China’s COVID and Europe’s natural gas problems, the global expansion is projected to proceed at a sub-par 1.5%ar pace into 2023. • The global economy is not at imminent risk of sliding into recession, in our view, as 2022 adverse supply-side shocks…...
With over 40 years of combined investing experience, Finom Group founders have never seen the existing macro-market conditions. The post-pandemic period has given way to a rapidly evolving outlook for both the economy and markets, with analysts, strategists, and investors forced to maintain a hightened degree of alert, flexibility, and open-mindedness unlike levels from cycles…
There is still considerable debate about whether the bear market has yet set its low. Certainly, if the U.S. economy is headed for a deep recession, stock investors will face additional, significant downside risk. Several smart bears on Wall Street suggest the S&P 500 could decline to about 3,000—or -25% from today’s level—as analysts are…...
Cross-Asset Strategy: The October US CPI release delivered the largest downward inflation surprise since the start of the pandemic, raising the likelihood of a soft landing scenario. However, with a Fed Funds rate close to 5%, a recession will be difficult to avoid unless the Fed more meaningfully pivots. As such, our optimism is tempered…...
By Jim Paulsen of The Leuthold Group Inflation has been slowing for the last several months and finally appeared in the “headline” numbers last week. Although a single comforting CPI report will not eclipse ongoing concerns about inflation, leading up to that report, there was a broad array of evidence that inflation was moderating and…...
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 If you would like to watch the State of the Market video, please click the provided link . Have…...
