Tag: Market Indicator

March Bank of America Global Fund Manager Survey Results (Summary)

Data Source: Bank of America

Each month, Bank of America conducts a survey of ~200 fund managers with > $500B AUM. Here are the key takeaways from the survey published on March 16, 2020: Continue reading “March Bank of America Global Fund Manager Survey Results (Summary)”

Interesting: Bullish Percent Transports

I was just going through my normal weekend work.  The last two times that “Bullish Percent” got to ZERO for the Transports (sector) were March 2, 2009 (one week before the financial crisis bottom), and Christmas Eve 2018 (the bottom).

It is hard to see how we turn here with all of the pessimism, but that’s usually when something comes around from thin air.  What could the catalysts be in coming weeks?  We don’t know, but here are some ideas:

  1. Gilead’s Remdesivir is proven effective in the Phase 3 test and rolled out for mass human use to treat COVID19.
  2. Russia comes back to the table with OPEC+ and they implement cuts.
  3. Fed Meeting March 18.
  4. Global Coordinated Fiscal Stimulus Package Announced.

While all four scenarios seem low probability – looking at the futures down 1000+ points – it is frequently at these points of acute pessimism that something changes in the near term.  Time will tell…

Click Here To Read How Bullish Percent is Calculated

The “Curb Your Enthusiasm” Stock Market

In last week’s note, “The 10:3 (Risk to Reward) Stock Market” we made the case that while there was limited upside, the downside risks had increased materially.  You can review it here: Continue reading “The “Curb Your Enthusiasm” Stock Market”

Be in the know. 15 key reads for Sunday…

  1. February Expiration Week: S&P 500 Up 12 of Last 14 (Almanac Trader)
  2. How Mega-Influencer Emily Ratajkowski Turns Obsessive Fans Into A Booming Business (Forbes)
  3. Top 11 Must See Yachts At The 2020 Miami Yacht Show (Forbes)
  4. Trump administration eyes 10% middle-class tax cut proposal (Reuters)
  5. Bloomberg Spent More Than $1 Million On That Barrage Of Instagram Memes (Forbes)
  6. Chemours Co (NYSE:CC): McIntyre 4Q19 commentary & long thesis (ValueWalk)
  7. ECRI Weekly Leading Index Update (Advisor Perspectives)
  8. Barron’s Picks And Pans: Berkshire Hathaway, Bitcoin, Roku And More ()
  9. ‘No Time To Die’: Hear Billie Eilish’s New ‘James Bond’ Theme Song and Watch a New Trailer (Men’s Journal)
  10. 2021 Aston Martin Vantage Roadster Has World’s Fastest Convertible Roof (Maxim)
  11. Banksy artwork pops up just in time for Valentine’s Day (Mashable)
  12. Is Trump’s Classical-Architecture Policy Authoritarian? (Manhattan Institute)
  13. Elon Musk Says He’s About to Deliver the Future of High-Speed Internet (Inc.)
  14. Coronavirus drug could start production this month: Peter Navarro (Fox Business)
  15. The Perils of “Survivorship Bias” (Scientific American)

 

 

The Chris Janson “Good Vibes” Stock Market (and Sentiment Results)…

This week’s Stock Market commentary and sentiment can best be described by country star Chris Janson’s song, “Good Vibes:”

I ain’t watchin’ TV today
Bad news, it can just stay away
If you ain’t got anything good to say
Then shut your mouth
I got my windows down and my blinders on
Radio set to my favorite song
All green lights on the road I’m on
Man, there ain’t no doubt

Continue reading “The Chris Janson “Good Vibes” Stock Market (and Sentiment Results)…”