Friends – Activity – Noto1025

Seth Golden posted an update 3 years, 11 months ago

When SPX closes at a fresh new all-time high and then declines 4 days in a row.

Screen Shot 2020-12-15 at 4.00.23 AM

Seth Golden posted an update 3 years, 11 months ago

Wells Fargo

Seth Golden posted an update 3 years, 11 months ago

J.P. Morgan:
1. expect next year to be front-loaded with most of the market upside realized in the first six months of the year

2. continued exceptionally easy monetary policy (US M2 money supply +24% y/y, largest increase since 1940s) and another round of fiscal stimulus ($700-900b) in the near future;

3. COVID-19 vaccine distribution and…[Read more]

Seth Golden posted an update 3 years, 11 months ago

Jan Hatzius explains why Goldman is right and consensus is wrong: “Our global growth numbers remain well above consensus because we think too many forecasters are…

Screen Shot 2020-12-08 at 8.24.35 AM

[Read more]

Seth Golden posted an update 3 years, 11 months ago

BofA:

Seth Golden posted an update 3 years, 11 months ago

Goldman Sachs:

Seth Golden posted an update 3 years, 11 months ago

To start November, systematic strategies were running $240 billion worth of long exposure compared to a max long of $530 billion of exposure in February, so plenty of scope to add. During the middle of November, it was forecasted approximately $12B billion worth of systematic buying per day with the VIX ending November at 20.57, its lowest close…[Read more]

Seth Golden posted an update 3 years, 11 months ago

OUCH!! The JPM Chase sample of 30mm Chase debit and credit card holders saw a 19% YoY fall in their Black Friday spending. The data shows a shift to online spending,…

Screen Shot 2020-12-02 at 6.37.06 AM

[Read more]

Seth Golden posted an update 3 years, 11 months ago

This is an important development. Global stocks have been in a bear market since Jan 2018. When a breakout like this occurs… anticipate a retest before more upside,…