STRATEGY: July/August “chop” morphing into full Missouri (aka “show me state”) –> tilting us further into “risk-on” view –> multiple risk-on signs Wednesday sell-off was capitulation… The sell-off seen in markets Wednesday, in our view, had a capitulatory feel to it. The ostensible trigger was a combination of the soft ADP jobs report and seeming hysteria over lambda variant of…
Fundstrat: Risk On To 4,500
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Soon after both Macy’s (M) and Kohl’s (KSS) reported negative holiday sales comparisons of greater than 2%, J.C. Penney...
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The Market is Safe, So Long As You Identify Its Pain Points
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Now that’s how you bounce back from a sharp decline in the previous week. And why did markets bounce...
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So They Say Shorting Volatility Is Like Playing With Dynamite…
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I leave the country for one week, one week and return to discover that volatility has remained relatively low....
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Morgan Stanley’s 3 Themes Going Forward
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Equity markets are in the midst of a growth scare for reasons we think will ultimately be resolved by...
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