Be in the know. 7 key reads for Thursday…

  1. The S&P 500 Will Hit 3400 by 2020 Even If Earnings Are Lower, Goldman Sachs Says (Barron’s)
  2. Powell Suggests Fed Embarking on 1990s-Style Mini Easing Cycle (Bloomberg)
  3. China sees intensive contact with U.S. this month ahead of September trade talks (Reuters)
  4. Powell is ‘confusing’ the markets about Fed intentions, but a new cut is expected (CNBC)
  5. Merck Has a Good Problem and Plenty of Options (Wall Street Journal)
  6. Nordstrom Family Prepares New Proposal to Increase Stake in Retailer (Wall Street Journal)
  7. Dr. Michael Burry Of ‘Big Short’ Likes Asian Stocks (Forbes)

AAII Sentiment Survey Results: Getting up there…

While bullish sentiment jumped in the past week from 31.74% to 38.44%, we likely still have a little room to run.  This is not the level that I would be aggressively adding risk (only selectively on laggard names that haven’t participated – if at all).  In the lexicon of sell side analysts we are at a “hold.”  Continue reading “AAII Sentiment Survey Results: Getting up there…”