EPS outlook and valuation thought
With the recent market volatility, the Q4/20 EPS reporting season has taken a back seat in the news despite it being a big week for earnings with 112 companies…
Read MoreDigging deeper
Today we wanted to look at the makeup of the bounce and our current view of the macro and market environment.
Read MoreA sneaky market message
Over the past month the bullish narrative has surrounded the global growth reflation trade – just as those areas of the market have stalled, especially relative to the S&P…
Read MoreCredit reinforces our gameplan
Significant and sustainable periods of weakness in the economy and markets typically come from a corporate need for money to fund growth, but with limited or no access to…
Read MoreReal liquidity and tactical update
The real liquidity keeps us invested…We measure real liquidity as the money supply plus equity and bond mutual funds and ETFs vs. Industrial Production growth rates. This measure looks…
Read MoreTalking you through Posts – New Video!
We are going to start creating videos to walk you through our thought process on written Macro material when appropriate. We hope you like this new service.
Read MoreThree indicators caught our attention
We have fairly high conviction in two things: (1) conditions remain ripe for a temporary correction that should give back much of what has been gained since late last…
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