Friends – Activity – Andrew Almenar

Seth Golden posted an update 2 years, 4 months ago

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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Seth Golden posted an update 2 years, 5 months ago

J.P. Morgan’s Mislav

Seth Golden posted an update 2 years, 5 months ago

J.P. Morgan’s Marko Kolanovic:

🔹Fed tilt becoming increasingly likely
🔹Hawkishness creating oversold conditions
🔹Real-time inflation falling faster than CPI recognize
🔹Fade any move SPX in 3,500s as conditions ripen
oversold bounce/squeeze

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Seth Golden posted an update 2 years, 5 months ago

4 stats to wet your Risk appetite:

📢 S&P 500 NTM P/E cut 30%
📢 Pres. Cycle Q4 of year 2 ➡️Q2 of year 3 = greatest
gains since 1932
📢 10/31 of year 2 ➡️ 10/31 of year 3 avg. 21%, NO
DECLINES eva’
📢 S&P 500 1st yr. bull mkt avg. = 42%

Seth Golden posted an update 2 years, 5 months ago

Morgan Stanley’s Mike Wilson

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Seth Golden posted an update 2 years, 5 months ago

Morgan Stanley downwardly revises S&P 500 earnings and price targets

Seth Golden posted an update 2 years, 5 months ago

From the Dome!

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Seth Golden posted an update 2 years, 5 months ago

Quantitative Tightening #2

This is 2nd QT Operation; the first began as a passive program in 2015 and ended in 2019, prior to the Covid-19 crisis. The QT program began again in June 2022, through a more active Fed process that involves not just allowing maturing assets to roll off the balance sheet, but to include active asset sales to counter…[Read more]