February Macro Slide Deck
This month's slide deck starts with a bit of Q & A with myself...
Read MoreThis month's slide deck starts with a bit of Q & A with myself...
Read MoreOur weekly check of credit conditions continues to show no signs of stress in the credit markets which is one of the factors that kept us from getting overly negative…
Read MoreThe market looks to surge again on the news that China has potentially discovered a vaccine for the Coronavirus. The S&P 500 (SPX) has quickly recovered the losses since the…
Read MoreI am getting a few questions about why we haven’t been more negative given continued overbought and potential impact from CoronaVirus. The simple fact is that we pulled in our…
Read MoreThe combination of better-than-expected Q4/19 EPS, strong credit, and an easy Fed makes it hard to be overly negative, while the still overbought tactical condition and unknown macro impact from…
Read MoreAs the equity markets continue to undergo the correction process, we are closely monitoring credit conditions for an indication that a recession is looming on the horizon.
Read MoreThe S&P 500 (SPX) continues to hold up very well despite some indication below the surface that offense has already started to come off the field. We neutralized our market…
Read MoreSince the initial inversion in the spread between the U.S. Treasury 2-year yield and the 10-year yield last August, we closely monitor credit conditions for an indication that a recession…
Read MoreWe are reducing our market and offensive sector views from positive to neutral given the extreme overbought condition and high level of optimism toward equities, especially in the Information Technology…
Read MoreSince the initial inversion in the spread between the U.S. Treasury 2-year yield and the 10-year yield last August, we closely monitor credit conditions for an indication that a recession…
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