Ned Davis Research: Now Overweight For Year End Rally
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Weekly State of the Market: 10/22/2020
Welcome to this week’s State of the Markets with Wayne Nelson and Seth Golden. Please click the following link to review this week’s SOTM. In this week’s episode, we discuss the upcoming election and how markets might perform up-to and through the election. Current market consolidation remains healthy and with more industries still in an uptrend than not. We encourage viewers…...
Another 10% Correction Morgan Stanley Believes Lay Ahead
Weekly Warm-up: ResistanceHolds; Earnings Upside vsMultiple for Stock Selection Last week’s failure to break through technical resistance for second time suggests the correction isn’t over. We expect softness into and past the election before next leg of bull market. Continue to favor stocks where operating leverage is under appreciated in forecasts. Breaking out is hard…...
The Ebbs & Flows of Markets Can Discombobulate Many
Stocks inched higher this past trading week, digesting a slew of updates that suggest the global and domestic economic recoveries may prove a long journey for those who choose to sail the markets seas over the coming years. A resurgence of COVID-19 cases in Europe and the U.S. weighed on investor sentiment, as government officials…...
Economy Strong Enough To Power Through Election?
Cyclicals and small caps have gained more attention even as fiscal deal looks less likely because economic recovery has enough momentum to get past the election. Earnings and economic revisions support our barbell of Cyclicals and growth at a reasonable price. Cyclicals have garnered more attention despite fiscal concerns. Amid growing speculation of a potential…...
Many Investors Didn’t See This Coming: What’s Next?
As one can see in the weekly S&P 500 (SPX) chart below, the week started with significant upside stemming from the reality that headlines of POTUS and FLOTUS positive COVID-19 tests the previous week would result in a more favorable outcome. Fortunately, it appears that the Presidential Family has bounced back from bouts with COVID-19.…...
Morgan Stanley’s 3 Themes Going Forward
Equity markets are in the midst of a growth scare for reasons we think will ultimately be resolved by year end, an outcome that may lead to further adjustments in equity prices and leadership. Our annual Tax Loss Selling screen shows 73 stocks that may see technical pressure. Late in August we called fora Growth…...
J.P. Morgan Tackles The Debate & Positive Test For POTUS
Cross-asset strategy: President Trump’s COVID-19 test revelation has accelerated his deterioration in the polls and betting odds that began after the Sept 29th Presidential debate. The short-term impact on markets is negative because it adds to the sense of policy disarray at a time when the economy faces downside risks from the fiscal cliff. The…...
Elections, Seasonality & Perspective-Based Positioning
Equity markets started the trading week with a strong Monday performance, but from there it became a roller coaster ride for investors. Headlines gripped markets through the week, as debates and negotiations continued for the next potential relief package. When it was all said and done, the jaw-dropping headline that shook global markets came on…...
Wells Fargo 2020 Election Guide For Investors
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