Friends – Activity – Josh Patterson

Seth Golden posted an update 4 years, 4 months ago

Goldman Sach (GS)’s latest state-level coronavirus tracker calculates that 40% of the U.S. has now reversed or placed reopening on hold following the rise of cases.

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Seth Golden posted an update 4 years, 4 months ago

S&P 500 weekly expected move drops from $101 in the past week to $80 as the VIX fell some 20% this past week.

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Seth Golden posted an update 4 years, 4 months ago

Dow Theory will no longer hold in the information technology era

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Seth Golden posted an update 4 years, 4 months ago

% of stocks trading above 50-DMA jumped from 45% to 66% over the trading week.

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Seth Golden posted an update 4 years, 4 months ago

Top stocks are always the driving force of the market, top 5 or top 10

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Seth Golden posted an update 4 years, 4 months ago

Goldman Sachs on Joe Biden: Don’t fear too much:
“The dominant market issue in our view so far has been Vice President Biden’s proposal to reverse half of President Trump’s cut in the corporate income tax rate from 35% to 21%, which we think could become a strong possibility in the event of a Democratic “sweep”. Given that such a reversal would t…[Read more]

Seth Golden posted an update 4 years, 4 months ago

SOTM video: We had a coding issue that has now been fixed. Our apologies everybody!! It is now remedied and viewable!

Seth Golden posted an update 4 years, 4 months ago

In everything apart from deaths…

-New cases: 52,982 (new high)

-7-day avg of pos cases: 43,682 (new high)

-7-day avg of new tests: 608,572 (new high)

-% positive 7-day avg: 7.2% (highest since 5/14)

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Seth Golden posted an update 4 years, 4 months ago

J.P. Morgan “At its peak on June 21, our tracker of card spending in nonrecurring categories was down 9.6% from its level last year at this time, but it has reversed course since last weekand is now down 12.9% through June 27”

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Seth Golden posted an update 4 years, 4 months ago

Merrill on slowdown: “Total card spending turned lower and is now running at -3.8% yoy for the 7-days ending June 27th vs. flat over the prior 7-day period.

The states … with increasing virus cases have led the national slowdown, particularly in restaurants.”

Seth Golden posted an update 4 years, 4 months ago

Goldman on NFP: “We estimate nonfarm payroll growth accelerated from the +2.5mn record gain in May to +4.25mn in June (vs. consensus of +3.0mn)”

Seth Golden posted an update 4 years, 5 months ago

Tony Dwyer: “Following initial ramp to 3,200, we have been anticipating a multi-week/month period of consolidation w/intention of incrementally adding risk each time SPX pulls back to 3,000.”

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Seth Golden posted an update 4 years, 5 months ago

1. GS argues that a national face mask mandate could partially substitute for renewed lockdowns.

2. “We find that face masks are associated with significantly better…

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Seth Golden posted an update 4 years, 5 months ago

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Seth Golden posted an update 4 years, 5 months ago

Morgan Stanley Chief Economist: Looking ahead, we do expect new clusters of infections to emerge, and our base case assumes a second wave in the autumn and winter. However, we think that public health systems will be better positioned to manage the second wave. Testing and tracing capacity are ramping up, the authorities are more attuned to…[Read more]