Sentiment: Plenty of believers = tactical risk in early 2024 Sentiment indicators such as Farrell Sentiment, asset manager S&P 500 (SPX) E-mini net futures position and the 25-day put/call have risen, entering 2024 near complacent levels. Although not yet euphoric, individual and institutional investor sentiment suggests that many investors have embraced the 34% rally from…...
Three big things you need to know: First, across the globe most of our analysts are optimistic on performance in the year ahead, with favorable views on the impact of potentially lower interest rates and, to a lesser degree, favorable views on valuations. Second, in the US, the only region where we do formal strategy…...
Some of the 21st century’s biggest breakthroughs are happening in health care, transforming the way we diagnose, treat and prevent grave diseases. From gene sequencing and proteomics to the prospect of artificial intelligence (AI)-enabled drug discoveries, what seemed like science fiction just a few years ago is increasingly an everyday reality. These advancements are prompting…...
Welcome back investors and traders! This past week proved a pretty strong bounce-back week for markets after the prior week’s downturn was somewhat to-be-expected. What happens in the week ahead and in the month of January will either find the bull parade marching higher or the bears slowly awaking from a year-long slumber. Finom Group…...
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As we entered 2024, investors have been told that just because the calendar changes that doesn’t mean the market trend changes. It turns out, once again, that market sentiment and even price action can and do change as the calendar year changes. It’s not an “all the time” expression, but it does happen quite often.…...
by Michael Cembalest...
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The Major Trend Index held at a neutral reading of zero in the week ended December 22nd. Bullish market action continues to be the main prop under the MTI—and the week’s improvement within the Technical work fell just short of what was needed to boost that category up another notch. In light of the improving…...
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