What Our Clients Are Talking About Behind The Scenes

December 5, 2022 in Wall Street Whispers

The tug of war between the Bulls/Doves and Bears/Hawks continues as we head into the home stretch of 2022.  There has not been a lack of data and headline news for both sides to try and make their case as the S&P 500’s rally that began in October is still hovering near 4000.  As has been the case since the …

What Our Clients Are Talking About Behind The Scenes

in Wall Street Whispers

Equities have rallied and have continued to hold at higher levels following the lower-than-expected CPI report from last week and the follow up downside surprise from PPI that came out earlier this week.  A lot of more tactical and mechanical related funds were caught offsides, and a short covering surge has occurred.  Now that a bounce attempt has once again …

What Our Clients Are Talking About Behind The Scenes

in Wall Street Whispers

Equity markets will do what they want to do in the short term.   Many wise investors have stated over time that one should not get mad at markets if they move against you.   I agree, but to be honest, the recent price action has me frustrated and a tad puzzled. What has me scratching my head?  My research has not budged …

What Our Clients Are Talking About Behind The Scenes

in Wall Street Whispers

FLASH COMMENTS: I guess the bear market is over.   The DJIA just posted its best monthly return since January 1976 (+14.41%), its second-best month since 1936, and its best October as Chair Powell will trade in his talons for a white dove costume during his post-Halloween FOMC press conference, as inflation is ready to plummet and labor slack is surging, …

What Our Clients Are Talking About Behind The Scenes

October 20, 2022 in Wall Street Whispers

FLASH COMMENTS: With the S&P 500 once again trying to rally from a tactical oversold condition, the following bullish chatter and hope is resurfacing: The Fed about to signal something less hawkish. There has been fundamental capitulation and future earnings cuts do not matter.  The bottom is in because the S&P 500 was not able to definitively break below 3600-3500. …

What Our Clients Are Talking About Behind The Scenes

October 11, 2022 in Wall Street Whispers

FLASH COMMENTS: There has been a small shift in client sentiment over the previous week or two that has come out during my client meetings (yes, finally seeing people in person again) and zoom calls.  A small number of clients have shared that they are beginning to hold their nose and are starting to put money to work as the …

What Our Clients Are Talking About Behind The Scenes

in Wall Street Whispers

FLASH COMMENTS: The oversold condition that I wrote about in my last note was combined over the weekend and this morning with some rumor and hope that the FOMC is about to cave in and end its inflation fight.  No disrespect to the doves/bulls, but everything I look at suggests this is highly unlikely.  Why do I have this view?  …

What Our Clients Are Talking About Behind The Scenes

September 28, 2022 in Wall Street Whispers

FLASH COMMENTS: I wanted to start this Whispers with a quote from Winston Churchill to put this last week’s most talked about topic into perspective: You will never reach your destination if you stop and throw stones at every dog that barks. You might be thinking, what are you getting at Brian?  Let’s change “your destination if you stop and …

What Our Clients Are Talking About Behind The Scenes

September 19, 2022 in Wall Street Whispers

FLASH COMMENTS: I am sure everyone was quite happy when Friday ended last week after the sharp move lower in the U.S. equity market.  All 11 Sectors (GICS L-1) were down over 2% and the underperformers all fell over 6% with my recently downgraded again Industrials and Material among the worst four areas.  At the stock level, only 25 names …

What Our Clients Are Talking About Behind The Scenes

September 9, 2022 in Wall Street Whispers

FLASH COMMENTS: Well, here we go again.  The S&P 500 has begun another tactical oversold bounce after holding the 3900ish technical support level.  The U.S. Dollar also appears to have stalled after reaching an overbought condition, and lots of forecasters and talking heads are talking about excessive levels of pessimism, which has energized the bulls who were a bit beaten …