A natural place to rest
On May 26, we adopted an offensive position due to (1) the continued improvement in our key credit metrics, (2) rotation into the areas that benefit from an economic reopening,…
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.
Ramp has been led by Banks and Tanks. Time to rest?
When we adopted an offensive tactical position last Tuesday morning driven by a rotation into the Value, Banks, and Tanks, we highlighted how to reach a short-term target on the…
Read MoreQualifying Fed’s impact on corporates
In Follow the Fed - it prints the money, we focused on how just the announcement of the intent to buy corporates led to an improved tone in the market…
Read MoreClarifying our current view
Despite the emerging issues with China and the rioting in many cities over the weekend, the market looks to open roughly unchanged on the back of continued expectations of an…
Read MoreOffense update
On Tuesday, we made a move to offense as the market broke out of the trading range since early April accompanied by 1) further improvement in credit and 2) led…
Read MoreTwo factors support being back on offense
On Tuesday morning, we got back on the offensive via a tactical call into Value, Banks, and Tanks (Industrials). We had been waiting for signs of a turn in the…
Read MoreIt’s all relative – Value, Banks, and Tanks
As the S&P 500 (SPX) moves out of its “frustration phase” of the bottoming process, we believe it is time to focus on potential offensive rotation rather than the absolute…
Read MoreStill following the Fed
What a roller coaster the last few sessions have been. It seems incredible the S&P 500 (SPX) was nearly breaking down from the recent range last Thursday, only to be…
Read MoreKeep following the Fed – they keep printing the money
The market continues to frustrate both the bulls and the bears because there really isn’t any certainty over anything. As we pointed out in yesterday’s closing commentary, after a very…
Read MoreSlide deck for today’s webcast at 2pm EDT
There will be a conference call TODAY, May 15th at 2pm EDT for Gold level subscribers.
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