Pleasant walk down memory lane
In the summer of 2009, I remember sitting in a Q2/09 post-EPS investor presentation by an industrial company just as the global economy was beginning to recover from the worst…
Read MoreMacro Analysis & Slide Decks
Tony is best known for the practical application of macro data. He will use his 30 years of experience to evaluate what data matters and how you can apply it to your investment process.
U.S. Dollar weakness and economic recovery theme
The current monetary and fiscal stimulus is historic, Real Liquidity is off the chart, the global economy is just beginning a synchronized recovery, and the U.S. Dollar Index (DXY) is…
Read MoreMacro very different than 2000 bubble
When we raised our 12-month S&P 500 (SPX) target to 3300+, we added the plus because we have no idea what the multiple should be with the Fed and global…
Read MoreTalking SPX target and rotation
Today I wanted to discuss what the "+" means in our S&P 500 (SPX) target and what drives rotation
Read MoreA mixed tactical picture
In Consolidation confirmation, we looked at how the market typically acts following longer-duration breadth thrusts, which took place the first week of June. We found that when more than 90%…
Read MoreBrief video review on shape of recovery
Last week when I got back from vacation, I made a brief video on the shape of recovery and market plan that should still hold true. Sorry for delay, but…
Read MoreWatching for rotational breakout
When we began expecting a period of consolidation on June 5th, our tactical plan based on a positive fundamental core thesis was to add market exposure on weakness toward S&P…
Read MoreFed Gov. comment reinforces one of most important macro thoughts.
As I get back into the swing of things after vacation, the constant chatter is about the likely stall in the recovery due to Covid-19 increased spread in various states. …
Read MoreStaying on point
Fundamental and tactical trends still in place – economic recovery and market consolidation. It is terrific when you go on vacation and things remain relatively quiet at work. Over the…
Read MoreData keeps coming in better than consensus
The economic data keeps coming in better than expectations. As we pointed out in Market Musings, the monthly payroll data came in way better than expected for the second month…
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