Fri January 12

The Dec CPI details far better…ex-auto insurance, core CPI +0.25% MoM. Inflation still falling like a rock.

VIDEO: We discuss how the Dec CPI was actually very good, only blemished by auto insurance which is now 50% of core services CPI. (Duration: 4:41). https://vimeo. com/902079043/2462ea0fdd? share=copy December...

Wed January 10

Takeaways from Dan Ives fireside chat = Technology lots of visibility. 2024 still likely double-digit gains and "hot" Dec CPI on Thursday likely priced in

We are only 6 trading days into 2024, and it has been a rough start. Even yesterday, on the potential approval of a Bitcoin Spot ETF approval, there appears to...

Fri January 5

INTRADAY ALERT: Solid Dec Jobs report adds concerns Fed "higher for longer" and adds to misery of early 2024. Just a reminder 1H24 is likely tough.

The first 4 trading days of 2024 have been a terrible start for equities with S&P 500 ($SPY) down -1.6% and the Russell 2000 (small-caps, $IWM) down -3.5%. As our...

Tue January 2

We expect 2024 to be strong and a strong Dec 23 bodes well for strong Jan + Feb

We discuss: We discuss how strong Decembers tend to lead to strong Jan and Feb.  And the year tends to play out in the first 5 days. Please click below...

Fri December 29, 2023

New all-time S&P 500 highs likely in January (if not Friday 12/29). However, 4 reasons we then see a pullback around Feb/March 2024. Small-caps likely lead in 1H24.

We discuss: To us, it is only a matter of days before we make new all-time highs.  But then we likely consolidate.  Small-caps likely outperform in 1H24.  We discuss the...

Wed December 27, 2023

Looking into 2024, starting P/E at 15.3X (ex-FAANG) good entry point. Small-caps still our top call into 2024

We discuss: how 7 factors are coming together to support PE expansion in 2024.  This is the key story. Please click below to view our Macro Minute (Duration: 5:46). https://vimeo. com/897953136/f549f9edc1? share=copy...

Fri December 22, 2023

Weekly Win Streak at Eight as Lee Remains Constructive

’Tis the season for holiday parties, and this week Fundstrat Head of Research Tom Lee related his anecdotal experience at the parties this season: “In my conversations, I’ve found that...

Fri December 22, 2023

INTRADAY ALERT: Nov Core PCE +0.06% vs +0.20% Street shows inflation glide path lower. Sustains case for YE equity rally.

The Nov Core PCE Deflator was released today and came in at +0.06% MoM, inline with tireless Ken's +0.07% and well below Street consensus of +0.20%.The key takeaway is that...

Fri December 22, 2023

Nov Core PCE Friday am could be positive catalyst for "Santa Clause" rally. PS: S&P 500 valuation not expensive. ex-FAANG P/E 15.3X.

We discuss: how S&P 500 valuation is very reasonable as we enter 2024 and this is particularly notable when compared to the 2022 market peak. Please click below to view...

Wed December 20, 2023

Abrupt reversal paves way for short-term Equity pullback before Santa rally gets underway

Technically, Wednesday’s rapid About-face is a short-term negative and represents the beginning of a short-term decline following nine straight days of gains for SPX. Pullbacks into Friday of this week...

Mon December 18, 2023

Near Record cash on sidelines could be helpful to markets heading into 2024

TECHNICALLY THE BROAD-BASED PARTICIPATION HIGHER IN MULTIPLE SECTORS IN THE LAST MONTH IS CERTAINLY A POSITIVE HEADING INTO 2024.   WHILE NEAR-TERM RISK/REWARD DOESN’T SEEM FAVORABLE FOR THOSE WITH TIMEFRAMES LESS...

Mon December 18, 2023

YTD, 65% of large-cap fund managers trailing but only 47% of small-cap funds missing. Add to YE chase potential. Important data is Nov PCE on Friday 12/22.

We discuss: It's holiday party season and we spoke to many institutional investors over the weekend.  Anecdotally, 66% remain bearish with bearish views on Fed. Plus we analyze fund manager...