Value Line Geometric Index 4% Buy Signal: Zweig’s 4% Model Indicator Buy Signal – Actually, developed by Ned Davis based on the Value Line Composite Index. Using $VALUG weekly low of 484.41 from 10/13, this week’s close of 514.90 is 6.3% higher, so this confirms our 10/4 MACD Seasonal Buy sig…[Read more]

Warren Buffett Newsletter rom 1997:

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J.P. Morgan: Inflation set to decline into 2023

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Wells Fargo on Holiday Sales

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No rally without rates coming down

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Morgan Stanley’s Mike Wilson: rally underway…

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Today’s was just the 5th time in SPY’s history (since ’93) that it closed higher by at least 2% after opening down at least 2%.

SPY fell the next day 3 of 4 times, but it was up over the next week and month all 4 times.

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Only 1 worse reading for the McClellan Summation Index since 2008, and that was at the Covid lows $NYSI

I don’t know folks, but if you don’t think this is deep value…

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J.P. Morgan’s Kolanovic

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Wells Fargo’s Scott Wren:

“We see flat to modestly positive earnings growth this year ($215) and a modest contraction in 2023 ($205). Year-end 2022 SPX midpoint target of 3,900 and year-end 2023 midpoint target of 4,400.

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P Morgan’s Kaplan & Kolanovic

1⃣ CB policy error risk
2⃣ Asian markets provide global cycle tailwind 2023
3⃣ Equities still the best asset class during elevated
inflation periods
4⃣ Low positioning provides less volatility and
floor for market

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