Great Expectations
Last Week’s Trade: The COVID-19 rally remains intact after a solid stock market performance last week. Though software names attracted modest sell interest on Friday, the fact of the matter […]
Wall of Worry
Investors in US equities have been handsomely rewarded since late March – particularly those with overweight exposure to large cap tech specifically, and the Nasdaq more generally speaking. The robust […]
Mr. Robot
The primary theme in last week’s note was that the Nasdaq’s outperformance to the upside, relative to the Dow and S&P 500 since our March 23rd bottom, was likely to […]
Cautious Rotation
Though we closed out last week’s trading with a directionless and rather uneventful session on Friday, for the week, the Dow Industrials gained a healthy 2.3%, and in the process […]
How did COVID-19 impact Q2 results and guidance?
The Nasdaq composite rallied 4% last week, and as we have discussed in recent notes, the S&P 500 and Dow industrials underperformed on a relative basis for three months. The […]
“Every record has been destroyed or falsified….” George Orwell
US equity markets continued their trade higher last week, and on Thursday in particular, received a bump higher due to a significantly stronger-than-expected June Employment Report. Nonfarm payrolls (I) were […]
US STOCKS-S&P 500 poised for best quarter since 1998
By Chuck Mikolajczak “There is a huge game of musical chairs going on here and that is really favoring the Nasdaq and it is really punishing the indices that have […]
“The Partnership Program” Vintage footage from the NYSE
Special contribution by our friend, Bob Zito, of Zito Partners: How Television Got to the NYSE Trading Floor Click for video (3:22)
Stocks are losing momentum: strategist
Kenny’s Commentary on Reuters TV with Fred Katayama: Cautious about stocks because of the Nasdaq’s stretched valuations and weakness in financial stocks. Peter tells Reuters’ Fred Katayama investors should take […]
Stocks lose ground on the week, but remain in channel
After a turbulent week, we opened on Friday with equity markets trading sharply lower only to see institutional buyers step in to take advantage of the steep intraday discounts. As […]