Goldman Sachs Scott Rubner: 6,000 May Be Too Low
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Macro-Fundamental Setup Entering 4th Quarter
Good weekend Finom Group investors/traders! While this is our off-reporting weekend, and we’ll be back at it again next weekend with our proprietary macro-market Research Report, please read through some of the macro-analysis from around Wall Street below. In addition, for our newer Finom Group members, please feel free to click the link to review…...
Fundstrat’s Market Update At September-End
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Mann Institute: 100 years of US stock returns. Eight doublings. Three halvings. What lessons can we learn?
My wife’s great grandmother died this year aged 100. Ida Beckett, this is your life (in US stock returns): Figure 1: S&P price returns over last 100 years1 Source: Bloomberg, Man Group calculations. Here’s a history in eight doublings. Or, if you prefer, four double doublings: 1. 1927 was a bad time to start investing. The…...
Can September “Get Right”
The first rate cut is out of the way, but most were denying the majority probability spelling out a 50bps cut for the first rate cut of the easing cycle. While the Fed Fund Futures clearly indicated a 65% probability of a 50bps rate cut to be announced by the FOMC Wednesday, market participants allowed…...
First Rate Cut On The Board With Mixed Markets
The Leuthold Group The Major Trend Index continues to oscillate within its neutral zone. There have been no changes to our tactical portfolios since the small equity reductions of July 19th and August 6th. Net equity exposure in the Leuthold Core Fund, Core private accounts, and Leuthold Global Fund stands at 54%, in the…...
Apollo Group Macro-Chart Pack
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Follow The Data Into The Worst Weeks
Hindsight is 20/20, as they say, but regret is front of mind and stickier than even inflation proposes. When we miss opportunities to benefit/gain from market rebounds and rallies, more often than not the average investor/trader accrues and/or builds anger, doubt, and feelings of dismay. If this describes you, mark the moment you realized and…...
Fundstrat: Choppy 8 Weeks Ahead, But…
This coming week is important, given the Presidential debate on Tuesday evening (9pm ET). And as we look ahead, we think it is important to keep in mind there are many reasons for stocks to finish strongly in the second half of 2024. That is, we do not believe the highs for 2024 have been…...
Weekend Thoughts From Around Wall Street
Fundstrat’s Tom Lee: The August jobs report came in at +142k (vs Street +165k) and the unemployment rate fell to 4.2% from 4.3% last month (inline). To us, this is an ideal right “in the middle” jobs report, showing jobs improving versus last month, but neither too strong or weak to drive a shift in…...
