While Defensives are the clear leader, most investors aren’t there, leaving more upside potential as earnings cuts begin. Counter-trend...
Research Report Excerpt #1 Early July started well once again, but now the market has hit the typical consolidation...
A big WELCOME BACK to all of our Finom Group members, as we kick-off another monthly cycle of Research...
A very strong US dollar provides yet another headwind for earnings. Meanwhile, from a historical perspective, this bear market...
Cross-Asset Strategy: While growth risks are elevated, our base case looks for an acceleration in global growth in the...
Macro Strategy—Volatile Times Ahead: Untethered money-supply fluctuations have created a new, more volatile environment for asset allocation. Until the...
Key talking points Bank of America aggregated credit and debit card spending was up 11% year-over-year (YoY) in June....
Fear dominates in times that are especially uncomfortable. Bear market, recession, yield curve inversion, whatever….Negative focus/thinking is a self-perpetuating...
The S&P 500 finished the month of June down -15%+ over the last 3 months and -20%+ over the...
Behavioral Finance tells us that you can broadly think of your happiness as just “Reality minus Expectations”. H =...
Key talking points We take a look at how consumers have historically adjust their spending during recessions and compare...
Research Report Excerpt #1 From May 20th to May 27th, the market rallied greater than 6%. One step forward,...
The S&P 500 (SPX) rallied sharply this past week, gaining 6.45 percent. This is the second 6%+ weekly gain...
When you feel like giving up, realize that at that very moment, you are at the same fork in...
With our view for lower multiples and earnings now more consensus, the markets are more fairly priced. However, it...
Research Report Excerpt #1 The Bank of America Bull & Bear Indicator is currently at 0. This is probably...
The great Q1 2022 earnings have proven the forward-looking nature of markets. I’m kicking-off this weekend’s Research Report with...
Equity Risk Premium holds key inputs/ingredients After major market sell-offs, it becomes increasingly difficult to achieve lower-lows. They are...
Cross-Asset Strategy: Friday’s strong CPI print that led to a surge in yields, along with the sell-off in crypto...
Macro Strategy—Inflation Dimming Economic Outlook: On multiple levels, including strong labor demand, decades-low household leverage, lack of excesses on...
“People who succeed in the stock market also accept periodic losses, setbacks, and unexpected occurrences. Calamitous drops do not...
Cross-Asset Strategy: The growth-policy tradeoff appears set to improve in 2H, and earnings revisions turned broadly positive in key...
Research Report Excerpt #1 Recall that prior to May’s, 6%+ month-end rally, the S&P 500 was down 7 consecutive weeks....
The headlines were daunting and played out in price action this past week much as the first 100+ days...
