Category: Commentary

“Famous Friends” is a song recorded by American country music singers Chris Young and Kane Brown. It was released on November 20, 2020.  In December 2021, it was declared by Billboard the number one Country Airplay single of the year: Continue reading ““Famous Friends” Stock Market (and Sentiment Results)…”

After a 14%+ move off of the October lows, the market has been consolidating sideways for the past 6 weeks or so.  This is a normal consolidation and will resolve it self (higher in our view) as we work through earnings and the Fed meeting in coming weeks.  For the next few days, who knows…

Continue reading “Stock Market Breather (and Sentiment Results)…”

The January survey covered ~300 fund managers with ~$750 billion under management.
Continue reading “January 2023 Bank of America Global Fund Manager Survey Results (Summary)”

“Friends in Low Places” is a song recorded by American country music artist Garth Brooks. It was released on August 6, 1990 as the lead single from his album No Fences.
Continue reading ““Friends in Low Places” Stock Market (and Sentiment Results)…”

Santa managed to kick the Grinch out of the sleigh and deliver positive returns for the SCR period (last 5 trading days of 2022 + first 2 trading days 2023).  As you can see above, we needed to close Wednesday above 3822 on the S&P.  It closed at 3852.  The period (from Dec. 23 thru Jan. 4) closed with a gain of +0.80%.  What are the implications?
Continue reading “Funny How? Stock Market (and Sentiment Results)…”

“Damn Strait” is a song by American country music singer Scotty McCreery. It was released on October 18, 2021.  The song is a tribute to country music legend George Strait.  I think as we approach the end of the year, many investors in any risk assets (stocks or bonds) can relate to his lyrics: Continue reading ““Damn Strait” Stock Market (and Sentiment Results)…”

On Tuesday, I joined legendary anchor Larry Mendte (over 80 regional Emmy’s in his career) on the Mark Simone Show 710 WOR AM (iHeart Radio).  This show is #1 nationwide in its daily time slot from 10am-12pm.  It is heard by over 22 million radio and TV listeners a month.  In this segment with Larry, I covered the “Magic 3 Words” that could change everything on a dime (hint: they are NOT Volker’s words, “keep at it”).  Thanks to Larry for having me on.  Listen here:
Continue reading “The “3 Magic Words” Stock Market (and Sentiment Results)…”

While no one was excited about the terminal rate being pushed to 5.1% (from 4.6%) in the Fed’s dot plot yesterday, the market doesn’t believe it anyway.  The 2-year treasury yield closed at 4.23% – now below the effective Fed Funds rate of 4.25-4.50%.  The first move in equities (following an FOMC decision) is often the wrong move, so we’ll see how things play out in coming sessions – after the dust settles… Continue reading ““Take a Brea(d)th” Stock Market (and Sentiment Results)…”

The December survey covered 281 fund managers with $728 billion under management.
Continue reading “December 2022 Bank of America Global Fund Manager Survey Results (Summary)”

On Wednesday, I joined Seana Smith and Dave Briggs on Yahoo! Finance to discuss the low volume (plus tax-loss selling) buyers’ strike taking place in the market this week.  Thanks to Taylor Clothier, Sydnee Fried, Seana and Dave for having me on.  How does the strike get resolved?  Watch here: Continue reading ““Buyers’ Strike” Stock Market (and Sentiment Results)…”