Tuesday, January 21, 2020
The overbought condition is a likely headwind in the near-term, but the fundamentals are pointing to positive surprises this earnings season.
Guidance is Positive
Monday, January 13, 2020
So far, there are positive signs for upside surprises this earnings season, with confirmation by the number of companies that have given positive guidance to start the year... but stocks are overbought and the Value Traps are leading.
Monday, January 06, 2020
Without the boost from returning GM workers, economists see downside risks to the payroll numbers on Friday, but the underlying employment data have improved as the Energy sector returns to hiring.
Confirm or Deny
Monday, December 16, 2019
The bullish case, from a macro-perspective, is likely to be confirmed or denied this week.
Sentiment Becoming a Headwind
Monday, December 09, 2019
Longer-term trend indicators are positive and now we've gotten leading economic indicators improving for the first time in a while, but sentiment is near the point of becoming a headwind.
Opposite Payroll Report
Monday, December 02, 2019
The employment report on Friday should be the opposite of last month but likely still has upside to estimates, except the Energy sector is starting to weigh on jobs.
Monday, November 25, 2019
Durable Goods out this week are expected to tick lower, but it doesn't change the view for the remainder of the year.
Monday, November 18, 2019
The setup is there for the retailers this week and checks were modestly positive, but the macroeconomic data remains soft.
Skewed Production Numbers
Monday, November 11, 2019
The October Industrial Production numbers are likely to be negative on Friday, but are also likely to reverse in the coming months to end the year at a new high and give support for stock prices at new highs.
Monday, November 04, 2019
The employment numbers came in as expected and is favorable for the Consumer Discretionary, which will begin reporting earnings in the coming weeks and are consolidating ahead of the news.