In last week’s important note and podcast|videocast we covered everything that was finally going UP – in-line with the imminent “Sea Change” we began talking about publicly since late June.
Now we are seeing the second piece to the puzzle with Magnificent 7 stocks/Nvidia under-performing the rest of the market. Looking at the above chart, you can see that while Mag 7/NVDA became the new “pain trade” since our article on June 20, small caps and much of the rest of the market has outperformed. We expect this to continue for some time – in fits and starts.
‘Sea Change’ Activated! Stock Market (and Sentiment Results)…
Special Segment on Yahoo! Finance
On Tuesday I had the pleasure to join Alexandra Canal on Yahoo! Finance to talk Stock Market outlook, Rotation Picks and more. Thanks to Sarah Smith, Sydnee Fried and Alexandra for having me on:
Key Market Message on Bloomberg
On Monday evening I joined Brian Curtis and Doug Krizner on Bloomberg Radio to discuss US Dollar, Yen, Outlook, Picks, Fed, Crowded Trades and more. Thanks to Bonnie Au, Bryan and Doug for having me on:
Listen to full show at Bloomberg.com
Election Implications on BBC
Now onto the shorter term view for the General Market:
As we said last week, “it would not be surprising to see a little continuation of the ‘mag 7/cap weighted index’ volatility for the end of July.” It is common in an Election Year:
The CNN “Fear and Greed” fell from 58 last week to 41 this week. You can learn how this indicator is calculated and how it works here: (Video Explanation)
The NAAIM (National Association of Active Investment Managers Index) (Video Explanation) moved down to 87.94% this week from 93.84% equity exposure last week.
Our podcast|videocast will be out late Thursday or on Friday this week. We’ll have a lot of great data to cover this week. Each week, we have a segment called “Ask Me Anything (AMA)” where we answer questions sent in by our audience. If you have a question for this week’s episode, please send it in at the contact form here.
Congratulations to all of the new clients that came in during our early Q1, Q2 and Q3 raises so far this year. We re-opened to smaller accounts $1M+ (for Q3) again starting two weeks ago and will close out this quarter’s opening for new smaller accounts at the end of this week. To see if you qualify and to take advantage of this opening click here.
Larger accounts $5-10M+ can access bespoke service at their timing preference here.
*Opinion, Not Advice. See Terms
Not a solicitation.
