“‘Everything’s Gonna Be Alright’ is a song by American country music artist David Lee Murphy as a duet with Kenny Chesney. It was released in November 2017 as the lead single to Murphy’s 2018 album No Zip Code. The song reached number one on the US Billboard Country Airplay chart.” Wikipedia. Continue reading ““Everything’s Gonna Be Alright” Stock Market (and Sentiment Results)…”
Category: Commentary
September 2022 Bank of America Global Fund Manager Survey Results (Summary)
The August survey covered 212 managers with $616 Billion in assets under management. (Check Back Wednesday Morning For Final Version) Continue reading “September 2022 Bank of America Global Fund Manager Survey Results (Summary)”
“The Final Countdown” Stock Market (and Sentiment Results)…
As I have been saying since before Jackson Hole, the most important data point for 2022 will come on September 13 when CPI data is released. Nothing like having an 80’s hairband Europe lead us into the most pivotal print of the year:
Continue reading ““The Final Countdown” Stock Market (and Sentiment Results)…”
“Talk the Talk or Walk the Walk” Stock Market (and Sentiment Results)…
After an 18.7% rally off the June lows – that no one believed and were forced to chase UP in the beginning of August – (just like the perfect playbook) they opened the trap door with an 8.37% correction/consolidation to punish the “Johnny Come Latelies.” Like I said on CNBC on Sunday evening (Monday morning), “the market needed a reason to consolidate and Jay Powell gave it to them on Friday:”
Continue reading ““Talk the Talk or Walk the Walk” Stock Market (and Sentiment Results)…”
3 Investing Themes for the Next 3 Years…
With all of the noise about Jackson Hole tomorrow and whether they will be hawkish, dovish, pivot or not, we wanted to take a step back and think about broad themes we are/will be pursuing over the next few years. Continue reading “3 Investing Themes for the Next 3 Years…”
“Wrong Side of the Wave” Stock Market (and Sentiment Results)…
Last week, my family and I took a trip out to visit friends in Whitefish, MT for a long weekend. We had an amazing time. On the first day we went out on the lake and both me and my daughters learned how to ski behind the boat. I was able to get up and surf for a reasonable amount of time, but being on the “wrong side of the wave” made balancing harder than it needed to be:
Continue reading ““Wrong Side of the Wave” Stock Market (and Sentiment Results)…”
August 2022 Bank of America Global Fund Manager Survey Results (Summary)
The August survey covered 284 managers with $836 Billion in assets under management.
Continue reading “August 2022 Bank of America Global Fund Manager Survey Results (Summary)”
A “Sealing Systems” Stock Market (and Sentiment Results)…
Opinion, Not Investment Advice. See Terms Above. Disclosure: We own a meaningful amount of CPS stock.
On June 7, 2022 we broke our Cooper Standard (CPS) thesis publicly on Fox Business for the first time: Continue reading “A “Sealing Systems” Stock Market (and Sentiment Results)…”
The “Jawboning” Stock Market (and Sentiment Results)…
The Hawks were out this week, trying to walk-back the “data dependent” pivot from Chairman Powell last week. With a technical recession now booked in the rear view mirror (2 quarters of negative GDP growth in 1H), DON’T BUY IT! Continue reading “The “Jawboning” Stock Market (and Sentiment Results)…”
The “Better Than Feared” Stock Market (and Sentiment Results)…
Philip Vassiliou, the CIO of Legatum (who we interviewed a few weeks ago here), thoughtfully sent me this great note on Wednesday – written by another investing legend Howard Marks. I’ve read Howard’s notes over the years, but this was one of the best. The most important lines for me were: Continue reading “The “Better Than Feared” Stock Market (and Sentiment Results)…”