photo credit: Lamborghini: The Man Behind the Legend – Movie
One of my favorite pastimes, when I have a little free time, is reading books and watching movies about extraordinary individuals who overcame significant obstacles to ascend to greatness. Continue reading “The Ferruccio Lamborghini Stock Market (and Sentiment Results)…”
In last week’s note we reiterated our case from October that the “pain trade” was UP in the first half of this year DESPITE the short-term seasonal headwinds and possibility of near-term weakness (read full note for context):
Continue reading ““Pretty, Pretty, Pretty Good” Stock Market (and Sentiment Results)…”
Yesterday I joined Paul Vigna on Public.com to discuss my latest views on the market as well as opportunities/risks moving forward. Thanks to Mike Teich and Paul for having me on: Continue reading “Where is “Maximum Pain?” Stock Market (and Sentiment Results)…”
The February survey covered ~300 fund managers with ~$750 billion under management.
Continue reading “February 2023 Bank of America Global Fund Manager Survey Results (Summary)”
When I thought about sentiment for this week’s note, Alan Jackson’s legendary country song “Good Time” came to mind. The following lyrics lay out a couple of themes we want to touch on. People are, 1) spending all of their savings (bad), and (as a function of that), 2) going back to work (good):
Continue reading “The “Good Time” Stock Market (and Sentiment Results)…”
On Wednesday we got a de-clawed hawk in Chairman Powell and he treaded carefully. It was as if he was a hawk on barbed wire knowing if he swayed too far to either side he would get cut. For the first time he acknowledged we are in a dis-inflationary environment and goods inflation is coming down fast. Continue reading ““Hawk on a Wire” Stock Market (and Sentiment Results)…”
“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)…”
