Category: Sentiment

Morgan Wallen’s “Last Night” became the country star’s first No. 1 on the Billboard Hot 100 songs chart dated March 18, 2023.  The song chronicles an “on again, off again” relationship that reminds me of the stop and start nature of the “China Trade” recovery since the lows in October: Continue reading ““Somethin’s Tellin’ Me This Ain’t Over Yet” Stock Market (and Sentiment Results)…”

Those expecting a “dovish” skip at the Fed meeting may have been surprised by an increase in the expected terminal rate presented in the dot plot yesterday: Continue reading ““When Doves Cry” Stock Market (and Sentiment Results)…”

The June survey covered 285 fund managers with $764 billion under management. Continue reading “June 2023 Bank of America Global Fund Manager Survey Results (Summary)”

It was very lonely being a bull last fall when the S&P 500 was in the 3600s to 3700s.  A few smart hosts kept an open mind (at those subdued levels) when we were pounding the table to buy equities (see circled dates below).
Continue reading ““The One That Got Away” Stock Market (and Sentiment Results)…”

The biggest news out on Wednesday was two FOMC members making their case for no hike in June.  This language and timing is no accident. After 500bps of 10 consecutive hikes the effective Fed Funds rate is at 5.08%: Continue reading ““Skip or Flip” Stock Market (and Sentiment Results)…”

When I was thinking about writing this week, the song, “The Long Run” immediately came to mind.  The Eagles released it in 1979.  According to Henley, the title track was in part a response to press articles that said they were “passé” as disco was then dominant and punk emerging, which inspired lines such as “Who is gonna make it/ We’ll find out in the long run.” (wikipedia) Continue reading ““The Long Run” Stock Market (and Sentiment Results)…”

“Gold” is a song by American country music singer Dierks Bentley. It was released on August 8, 2022, as the first single and partial title track to Bentley’s tenth studio album Gravel & Gold. Continue reading “The Dierks Bentley “Feels Like Gold” Stock Market (and Sentiment Results)…”

Continue reading “May 2023 Bank of America Global Fund Manager Survey Results (Summary)”

“She Had Me at Heads Carolina” is a song co-written and recorded by American country music singer Cole Swindell. The song contains lyrical and melodic references to Jo Dee Messina’s 1996 debut single “Heads Carolina, Tails California”, and credits that song’s writers Mark D. Sanders and Tim Nichols as co-writers. The song peaked at number 16 on the Billboard Hot 100, Swindell’s highest charting appearance to date. (Source: Wikipedia) Continue reading ““Heads Carolina, Tails California” Stock Market (and Sentiment Results)…”

On Wednesday, Chairman Powell bumbled his way to another selloff.  Par for the course – as he holds the record for worst market performance following his communications: Continue reading ““Tell Me You’re Pausing, Without Telling Me You’re Pausing” Stock Market…”