The US equity market continues to ride the wave of liquidity and seasonal FOMO. As we approach our bull case of 4800, the risk/reward deteriorates, particularly with leverage high. The consumer looks ready for a strong and early holiday shopping season—supporting the near-term positive trend. Riding the wave. Equity markets continue to ride the wave…...
With just 2 months remaining in the 2021 trading year, investors are gearing up for the typical seasonal tailwinds, but also recognizing that markets are trading at all-time highs heading into a “tapering… storm?” That’s a question I’ll leave open-ended for investors and traders alike, as each will be approaching the end of the year…...
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“The speculator fights his own good sense, struggles against his own will … and is at odds with his own decisions … There are many occasions in which every speculator seems to have two bodies so that astonished observers see a human being fighting himself.” ~Joseph de la Vega Please click on the provided link…...
Growth is slowing for both the economy and earnings and is unlikely to bottom until 1H2022. Meanwhile, earnings revisions breadth has deteriorated sharply over the past month, a leading indicator for NTM EPS. Most of this deterioration has been due to costs and supply but demand looks vulnerable. Odds are increasing that growth will continue…...
Welcome back traders and investors. New highs, new highs and not quite new highs. What am I referring to? Well, the Dow Jones Industrial Average (DJIA) and S&P 500 (SPX) both made new all-time highs this week while the Nasdaq (COMPQ) failed to achieve this feat of strength. Close, but close is not going to…...
“One-half of life is luck; the other half is discipline — and that’s the important half, for without discipline you wouldn’t know what to do with luck.” — Carl Zuckmayer If you would like to review the weekly State of the Market video, please click the included link. Have a great trading week! (video…...
Markets rallied again this past week, but finished on a high note unlike the previous week’s rally. The S&P 500 (SPX) was up 3 days in a row to end the week, but it hasn’t been up a 4th day in a row since Aug 25, 2021. Given the 2-week win streak, it may also…...
Patient, tactical, resourced, and disciplined investors are always rewarded! Manage those characteristics and you will “massage” your returns higher! ~Seth Golden If you wish to review the State of the Market video, please click the provided link. Have a great trading week Finom Group traders and investors! Panic/Euphoria model from SentimenTrader is off its peak…...
With the Fire portion of our Fire and Ice thesis playing out, we await the timing and magnitude of Ice as the determinant of when the mid-cycle transition will be over. We continue to favor consumer services over goods stocks and highlight our analysts’ key picks. Winter is coming but timing unclear.Fire has arrived with…...
