3Fourteen Research: Making Plans For a Bull Market (2024 Outlook)
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J.P. Morgan’s Quant Team 2024 U.S. Equity Outlook
Since the start of the rate hike cycle in 2022, regional business cycles have weakened, earnings growth has stagnated (S&P 500 2021-2024E EPS: $208-$225, ~2.5% CAGR), and the market has moved sideways averaging near our price target of 4,200 (2022 avg: ~4,100; 2023 avg: ~4,250). Equity concentration reached levels not seen since 1970s with a…...
Wall Street Sees Rally Continuing in December
Good weekend Finom Group investors and traders. As a reminder, throughout the month of December, our chief equity market strategist Seth Golden will be on vacation, but receiving requests for calls and attending to email and direct message communications. Our dedication to information and analysis flows throughout the month of December, per usual, will consist…...
Are You Ready For 2024
Context and Comprehension are Key 🔑 A woman without her man is nothing! A woman: without her, man is nothing! If you would like to watch the video hosted by Finom Group’s chief market strategist Seth Golden, please click the link provided. Have a great trading week and holiday season! JEFF COX. Thank you, Mr.…...
Nomura Quant Insights: Of macro hedge funds and year-end rallies
CTAs’ net long position in USD/JPY cut by half from its recent peak Macro hedge funds may act on the expectation of a year-end rally. The pick-up in US equity markets continued last week. CTAs further extended their aggregate net long position, albeit at an unhurried pace. It was the week of the Thanksgiving holiday,…...
Weekly State of the Market: Tis The Season-als
Seasonal trends are mostly about knowing where to look… and when! For this weekend Research note we are going to explore the big picture perspective, as the decade (2020s) roll forward. Investors should be aware of how the market tends to respond or become guided by the 4-Year Presidential Cycle. If you would like to…...
J.P. Morgan on NVIDIA Corporation: Strong Results/Guide On AI Demand Pull For Datacenter Compute/Networking Products; Software Sales Accelerating; Reit OW
NVIDIA reported Oct results (revenue/GMs/EPS ) well above consensus and off of a higher Oct-Qtr revenue base, the team guided to a 10% Q/Q increase in the Jan-Qtr, well-above consensus on continued strong spending from its customers to support their AI/accelerated compute initiatives. Expectations were high coming into the print and the team managed to…...
The Leuthold Group: Technical Picture Improves Late Year
The Major Trend Index moved up to the neutral zone in the week ended November 17th, winding up a six-week stint in bearish territory. The net score rose two notches to zero, from -2 the previous week. Progress in the Technical work was the main driver, but the Cyclical category also improved a level. In…...
Goldman Sachs: AI poised to begin shifting from ‘excitement’ to ‘deployment’ in 2024
At a time when some are calling for a pause on the development of generative artificial intelligence, Jensen Huang, founder and CEO of NVIDIA, has an argument for accelerating the work: AI advances are going to provide tools to better understand the technology and to make it safer, Huang said in a discussion with Goldman…...
A Gift-Giving Time for Markets: The TOY
How about them Small-caps? How about that follow-through? How about the 3-week rally which has seen the S&P 500 rally some 10 percent? That’s right; the S&P 500 (SPX) is up 10% over just the last three weeks, the best such stretch since June 2020 and during the crazy recovery from the March 2020 lows.…...
