Wednesday, May 18, 2022

Stock Market Snapshot (video)

Once playing, click the icon in the lower right corner for full screen. Focus should occur after a few seconds; if not, click the wheel to the left of the YouTube icon to adjust:


Attention Non-Client subscribers: Nothing in this video should be construed as investment advice. The examples expressed relate to portfolio management we perform on behalf of our clients, and, again, under no circumstances are they to be considered recommendations to the viewer.


Morning Note: The Fed's Fine Fix

This from Bespoke Investment Group's note this morning says lots about the present setup:

Emphasis mine...

"Yesterday, WMT had its largest one-day decline since the 1987 crash and now TGT is on pace to do the same. The experiences of both companies further reinforce the point that we are operating in one of the most complicated macro environments that any company or investor has had to deal with. Few companies are so entwined into so many aspects of the US economy as WMT and TGT, and their logistics and supply chain operations rival or exceed those of most other companies. If they're having these types of issues keeping up with the rapidly changing environment, who isn't?"

Tuesday, May 17, 2022

Morning Note: Just Assessing Probabilities

This morning's rally in stocks should come as no surprise if you've been with me on the recent videos. Short-term technical patterns have been pointing to the potential for a strong oversold rally.

Here's yesterday's entry to our internal market log:

Monday, May 16, 2022

Morning Note: "A Key Risk?"

"The bottom line? Supply chains and inflation remain in flux, but there are signs that these issues could start to work themselves out in the second half. If they do, a less hawkish FOMC could be the market surprise for the second half. A key risk, though? Economic activity remains strong, but there are legitimate signals that demand has peaked."

Let that -- from Bespoke Investment Group's weekend note -- sink in "A key risk, though? Economic activity remains strong"... 

Friday, May 13, 2022

Our Fear/Greed Indicator Is Reading Green...

In Monday's morning note I made the case for a potential "oversold bounce" in the stock market this week. I mentioned the possibility again in last evening's video commentary. 

Morning Note -- And -- Economic Update (video)

Per last evening's look at the short-term S&P 500 setup (video featured below), a relief rally is certainly in the cards right here. As I type, equity market futures are confirming that notion. Whether or not it sticks, well... of course that remains to be seen.

Thursday, May 12, 2022

Market Snapshot/Reality Check (video)

Once playing, click the icon in the lower right corner for full screen. Focus should occur after a few seconds; if not, click the wheel to the left of the YouTube icon to adjust:


Attention Non-Client subscribers: Nothing in this video should be construed as investment advice. The examples expressed relate to portfolio management we perform on behalf of our clients, and, again, under no circumstances are they to be considered recommendations to the viewer.