Category: Commentary

Wikipedia, “The Noid was an advertising character for Domino’s Pizza created in the 1980s.  Clad in a red, skin-tight, rabbit-eared body suit with a black N inscribed in a white circle on his chest, the Noid was a physical manifestation of all the challenges inherent in getting a pizza delivered in 30 minutes or less.  Though persistent, his efforts were repeatedly thwarted.”
Continue reading “Avoid the Noid – Stock Market (and Sentiment Results)…”

In 1985 Motley Crue released one of its major all-time hits, “Home Sweet Home.”  Last night, when I was thinking about the journey of Alibaba over the last few months, this song came to mind.  The journey has had a few detours, but now it’s on finally on its way back “home” to intrinsic value.

Seeing Alibaba jump ~35% in one day is evidence that the objective business/fundamental analysis was always accurate, it was simply a mercurial government leadership holding the stock back.  With the government now stepping out of the way and letting business flourish once again, we expect this marvelous business to work its way back to intrinsic value over time.  We may hit a few more potholes and speed bumps, but we’re on our way… Continue reading ““Home Sweet Home” Stock Market (and Sentiment Results)…”

The March 4-10 survey covered 341 managers with $1 trillion in assets under management. Continue reading “March 2022 Bank of America Global Fund Manager Survey Results (Summary)”

While it looks like we are finally close to the inflection we discussed last week, we must vigilantly recognize the salient lyrics in Country Star Mitchell Tenpenny’s new hit: Continue reading “The “Horseshoes and Hand Grenades” Stock Market (and Sentiment Results)…”

On Wednesday morning I joined Alicia Nieves on Cheddar’s “Opening Bell.”  Thanks to Alicia, Ally Thompson and Jovan Collins for having me on:
Continue reading “The Stock Market Bet You Can’t Collect On…”

Rudyard Kipling, “If you can keep your head when all about you are losing theirs… Yours is the Earth and everything that’s in it, And—which is more—you’ll be a Man, my son!” Continue reading “The Stock Market’s Biggest Risk…”

On Wednesday afternoon (after the Fed Minutes were released), I joined Liz Claman on Fox Business – The Claman Countdown – to discuss the Stock Market, the Fed, and Russia.  Thanks to Liz and Ellie Terrett for having me on: Continue reading “Backward Looking Allocators, Forward Looking Opportunities…”

The February survey covered 314 managers with $1 trillion in assets under management.
Continue reading “February 2022 Bank of America Global Fund Manager Survey Results (Summary)”

(Image Source: Corbis)

In 1944, Russ Morgan, Larry Stock, and James Cavanaugh published the song “You’re Nobody till Somebody Loves You.”  It became a hit for Morgan in 1946 – reaching No. 14 on the charts.

It became legendary 18 years later when Dean Martin recorded it (in 1964) – spending 9 weeks on the Billboard 100.  32 years after that, it was the opening track for the 1996 classic film Swingers starring Vince Vaughn, Jon Favreau and Heather Graham.  One of the best movies of all time… Continue reading “The Dean Martin, “You’re Nobody ‘Till Somebody Loves You” Stock Market (and Sentiment Results)…”

Last Tuesday – on the Claman Countdown – I laid out the 3 reasons I believed the worst (of the January correction) was in the rear view mirror (in the near term): Continue reading ““What’s Next?” Stock Market (and Sentiment Results)…”