Wednesday, July 12, 2023

SP500, NDQ100, AAPL, MSFT, NVDA, AMZN -- waiting for something to break or for the forecast to clear (video)

As you'll hear in this morning's video commentary (recorded yesterday evening), this morning's soft CPI print, and the market's reaction, was to be expected... Ironically, a soft CPI reading -- while (year-on-year) to no small degree the result of favorable base effects -- jibes with our overall near/intermediate-term macro thesis, which, at the end of the day (or, if you will, at the end of this market cycle) isn't necessarily great news for equity markets:

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.

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