According to wikipedia, in 1917, military pathologists reported the onset of a new disease with high mortality that they later recognized as the flu. By late 1917, there had already been a first wave of the epidemic. October 1918 was the deadliest month of the whole pandemic. It is estimated to have killed ~50M people (~3% of the global population at the time). Continue reading “The Spanish Flu – Coo coo ca choo – Stock Market (and sentiment results)…”
Category: Sentiment
March Bank of America Global Fund Manager Survey Results (Summary)
Data Source: Bank of America
Each month, Bank of America conducts a survey of ~200 fund managers with > $500B AUM. Here are the key takeaways from the survey published on March 16, 2020: Continue reading “March Bank of America Global Fund Manager Survey Results (Summary)”
The “Sky is Falling” Stock Market? (and Sentiment Results)…
I went on Yahoo! Finance yesterday immediately following the “Bankers Meeting” at the White House. What is happening with Coronavirus and OPEC+ is serious. However, there are some stocks Continue reading “The “Sky is Falling” Stock Market? (and Sentiment Results)…”
The Old Dominion “Snapback” Stock Market? (and Sentiment Results)
The theme of this week’s market commentary is “Snapback.” I picked it:
1. Because I like the Country band – Old Dominion.
2. To explore the question of whether in fact this is a “Snapback” rally or actually a fake out. Continue reading “The Old Dominion “Snapback” Stock Market? (and Sentiment Results)”
The “Curb Your Enthusiasm” Stock Market
In last week’s note, “The 10:3 (Risk to Reward) Stock Market” we made the case that while there was limited upside, the downside risks had increased materially. You can review it here: Continue reading “The “Curb Your Enthusiasm” Stock Market”
The ‘Short Term’ 10:3 (Risk to Reward) Stock Market
For those of you who have followed us for some time, you know we have been putting out bullish notes since the August 2019 lows. You can review each weekly note under the “Sentiment” category of the site. We called for the end of year “melt-up” just a few weeks after the 2/10 yield curve inverted in early August 2019. Continue reading “The ‘Short Term’ 10:3 (Risk to Reward) Stock Market”
February Bank of America Global Fund Manager Survey Results (Summary)
Data Source: Bank of America
Each month, Bank of America conducts a survey of ~200 fund managers with > $600B AUM. Here are the key takeaways from the survey published on Feb 18, 2020: Continue reading “February Bank of America Global Fund Manager Survey Results (Summary)”
The Chris Janson “Good Vibes” Stock Market (and Sentiment Results)…
This week’s Stock Market commentary and sentiment can best be described by country star Chris Janson’s song, “Good Vibes:”
I ain’t watchin’ TV today
Bad news, it can just stay away
If you ain’t got anything good to say
Then shut your mouth
I got my windows down and my blinders on
Radio set to my favorite song
All green lights on the road I’m on
Man, there ain’t no doubt
Continue reading “The Chris Janson “Good Vibes” Stock Market (and Sentiment Results)…”
The end of oil, or just the beginning? (and Sentiment Results)
In the past week, sentiment on the Energy Sector has sunk to an all-time low (despite having the highest estimated earnings growth of any sector – for 2020). Several prominent market figures have even called for the end of the sector.
Mark Twain once said, “Reports of my death have been greatly exaggerated.”
Continue reading “The end of oil, or just the beginning? (and Sentiment Results)”
3 Pieces to the 2020 Earnings Puzzle (and Sentiment Results)
Right now we are trading at 18.6x 2020 EPS for the S&P 500.
Continue reading “3 Pieces to the 2020 Earnings Puzzle (and Sentiment Results)”