US Secondary Top Risk and Value Play Break
Dow Jones Industrial Average (INDU INDEX) has been a value perform play in our work as have small caps until last week when we started to see...
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U.S. Equity Strategy: Signs Point To Healthy Pullback Opportunity
The risk of a correction due to a “second wave” of infections has given way to optimism over increased monetary and fiscal stimulus and a potential...
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US Rotation into Small Caps/Value
Nasdaq-100 Stock Index (NDX INDEX) stands out as the weaker link as the rising wedge matures and favors rotation into value as sectors that have...
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Sudden Stop in Labor Market, Mild Damage in Manufacturing: Worse Ahead
The truly horrific NFP prints are likely a month and two hence, with unemployment topping 10%. State and local governments (required by law to...
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Massive Fiscal Stimulus A Near-Term Game Changer but Long Term Trouble
The extraordinary size of the US fiscal stimulus (US$2 trillion, or a bit over 10% of GDP) is eye-popping. It shovels money to families earning...
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