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,…...
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…...
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 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…...
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…...
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.…...
...
The Leuthold Group tactical accounts remain positioned defensively, although not to the extent they could be given the bearish weight of the evidence. Net equity exposure in the Core Fund, Core private accounts, Core ETF, and Global Fund all stand at 45%. The guideline range for these portfolios’ stock weighting is 30% to 70%. Today’s…...
...
The last two trading weeks have not made the bulls whole, but have certainly slashed the hopes of those who were/are positioned bearishly and with the hopes of bad outcomes for equities. The most basic aspect to investing is as long as you position for the long-term, while maintaining a consistent cash position to take…...
