NEW: Section (above) added identifying Key Recommendations and Super Grannies We publish on a 3-day a week schedule: – Sun eve / Mon am– SKIP MON– Tue eve / Wed am– SKIP WED – Thu eve / Fri am ________________________________________________ In case you missed our webinar “Super Granny” Shots last week ________________________________________________ In the past week, there has been a …
INTRADAY ALERT: April PCE not great, 3 items point to future disinflation = keep Fed “pause.” Stick with thematic FAANG/AI + Grannies
in FLASH, Macro StrategyNEW: Section (above) added identifying Key Recommendations and Super Grannies INTRADAY ALERT: This message is sent solely to clients of Fundstrat April Core PCE came in “hotter” than expected at 0.40% MoM vs Street 0.3%. That is a “hot print” and, at face value, should have triggered a re-pricing of Fed funds expectations (June hike into play) and higher interest …
A week of market churning (-1%… debt ceiling) but triumph of thematic investing (FAANG/AI +2.2%). Market breadth better than pundits argue as 142 stocks beating market (28%) YTD.
in FLASH, Macro StrategyNEW: Section (above) added identifying Key Recommendations and Super Grannies We publish on a 3-day a week schedule: – SKIP Sun eve / MON am (Memorial Day)– SKIP MON– Tue eve / Wed am– SKIP WED – Thu eve / Fri am ________________________________________________ In case you missed our webinar “Super Granny” Shots this week ________________________________________________ The S&P 500 is ending …
GRANNY UPDATE: 5 Super Grannies and 5 Sleeper Grannies
in Macro StrategyOn Tuesday, 5/23, we will be unveiling our top “Super Granny Shots” and bottom “Sleeper Granny Shots” stock picks. Please find the Slide Deck linked here for the live webinar which will begin at 11 am. The deck is also included as an attachment to this email. If you have not yet registered, sign up with the webinar block below. …
“Buy the dip” regime back since March 23, 2023 as analysis shows S&P 500 regain 2% losses <1 month, reversing "sell the rip" regime of 2022. Stick with FAANG, Industrials and tactically Regional banks.
in FLASH, Macro StrategyNEW: Notice new section (above): added so you can see our tactical ideas We publish on a 3-day a week schedule: – SKIP Sun eve / MON am (Traveling)– SKIP MON– Tue eve / Wed am– Wed eve / Thu am <– Schedule Change – SKIP Thu eve/FRI am <– Graduation ceremony to attend ________________________________________________ Tune into our webinar “Super …
FAANG default risk (CDS) less US govt = another TINA argument. Regional banks see DeMark “13” buy setup = stick with OW “temporary Fed put”
in FLASH, Macro StrategyNEW: Notice new section (above): added so you can see our tactical ideas We publish on a 3-day a week schedule: – SKIP Sun eve / MON am (Traveling)– SKIP MON– Tue eve / Wed am– SKIP WED – Thu eve / Fri am (Potential schedule change this week) ________________________________________________ Tune into our webinar “Super Granny” Shots next week 5/23 …
EPS: Less “bad” is good = inflection for fundamental equity investors = “buy the dip” returns. Week ahead light on macro data and still game of inches.
in FLASH, Macro StrategyNEW: Notice new section (above): added so you can see our tactical ideas We publish on a 3-day a week schedule: – Sun eve / MON am– SKIP MON– Tue eve / Wed am– SKIP WED – Thu eve / Fri am In our view, last week added to the constructive case for stocks in 2023. The S&P 500 itself …
Data this week strengthened pause case, while collapse in margin debt near dot-com trough. FAANG OW justified by AI TINA
in FLASH, Macro StrategyNEW: Notice new section (above): added so you can see our tactical ideas We publish on a 3-day a week schedule: – Sun eve / MON am– SKIP MON– Tue eve / Wed am– SKIP WED – Thu eve / Fri am This was a big week for inflation data with both critical April CPI (5/10) and PPI (5/11) coming …
INTRADAY ALERT: “inline” April CPI at 0.4% MoM enough to keep Fed “paused.” Details mixed, but used cars acceleration largest driver after housing. 40% of CPI basket in outright deflation, up from 33%.
in FLASH, Macro StrategyTHIS IS AN ALERT SENT SOLELY TO CLIENTS OF FUNDSTRAT. NEW: Notice new section (below): added so you can see our tactical ideas The April Core CPI came in at 0.41% MoM, inline with consensus 0.4% and better than the feared “hot” figure clients were bracing for. But today’s release was not a tie breaker, either. STRATEGY: Still a game …
Potentially “hot” April CPI report, testing height Fed pause bar…but so far 2023 is a “game of inches” where bulls gaining. Even global GDP creeping higher.
May 10, 2023 in FLASH, Macro StrategyNEW: Notice new section (above): added so you can see our tactical ideas We publish on a 3-day a week schedule: – Sun eve / MON am– SKIP MON– Tue eve / Wed am– SKIP WED – Thu eve / Fri am Market direction in 2023 feels like a “game of inches” (Al Pacino in Every Given Sunday, see YouTube …