Research from Water Tower Research, Water Tower Research

Water Tower Research

Research from Water Tower Research

Water Tower Research is a leading equity research firm that provides research on micro, small and mid cap companies.

Water Tower Research was founded by Wall Street veterans after witnessing a fundamental shift in the investment research industry with the result being a declining knowledge base among investors, a lack of awareness and a shrinking pool of fundamental research being conducted on companies across the small-cap and micro-cap spectrum. The same issues are now increasingly occurring in the mid-cap space. This sea change within the investment community is impacting not only the companies themselves but also current shareholders and potential investors. With significantly less active sell-side sponsorship by Wall Street, a substantial information gap has developed between companies and various constituents in the financial community. The net result is fewer channels for insight and information to flow between companies and investors.

Equity Research Firm

Thematic (Sector/Industry)

<ul><li>The WTR Sustainable Index was down 0.8% W/W versus the S&amp;P 500 Index (up 0.6%), the Russell 2000 Index (up 0.8%), and the Nasdaq Index (up 0.2%).</li><li>Energy Technology (14.5% of the index) was down by 3.0%, while Industrial Climate and Ag Technology (60.3% of the index) was up by 0.2%, ClimateTech Mining was down 5.3%, andAdvanced Transportation Solutions (19.6% of index) was down 2.6%.</li><li>Top 10 Performers: NRM, VIHD, OESX, FNI, DCFC, PNPN, SMR, LICY, ASYS, PSIX</li></ul>

The WTR Sustainable Index was down 0.8% W/W versus the S&amp;P 500 Index (up 0.6%), the Russell 2000 Index (up 0.8%), and the Nasdaq Index (up 0.2%).Energy Technology (14.5% of the index) was down by 3.0%, while Industrial Climate and Ag Technology (60.3% of the index) was up by 0.2%, ClimateTech Mining was down 5.3%, andAdvanced Transportation Solutions (19.6% of index) was down 2.6%.Top 10 Performers: NRM, VIHD, OESX, FNI, DCFC, PNPN, SMR, LICY, ASYS, PSIX

Sustainable Investing Surveyor - Focus on Spruce Power Holding Corporation (SPRU)

Podcast by Joe Weisenthal & Tracy Alloway, Odd Lots

Odd Lots

Podcast by Joe Weisenthal & Tracy Alloway

Bloomberg's Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets and economics. Join the conversation every Monday and Thursday.

Cross Asset Strategy

<ul><li>Stocks have rallied significantly in a rising rate environment, defying initial expectations</li><li>There is nervousness in the market due to lack of breadth in stocks and heavy reliance on tech stocks like Nvidia</li><li>Tom Lee, co-founder of Fundstrat Global Advisors, accurately predicted the stock market rally, with a target of 5500 for the S&amp;P 500, which is close to the current level of 5475</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Stocks have rallied significantly in a rising rate environment, defying initial expectationsThere is nervousness in the market due to lack of breadth in stocks and heavy reliance on tech stocks like NvidiaTom Lee, co-founder of Fundstrat Global Advisors, accurately predicted the stock market rally, with a target of 5500 for the S&amp;P 500, which is close to the current level of 5475This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only.

Why Tom Lee Thinks We Could See S&P 15,000 by 2030

Asia L/S Equity PM/Macro/Thematic Idea Generation

Rikki Malik

<ul>
<li>The main Japanese indices have been moving sideways this year</li>
<li>Continued weakness in the JPY has diminished returns in USD terms</li>
<li>Technically the market has similar weak underlying breadth as the US market</li>
</ul>


The main Japanese indices have been moving sideways this year
Continued weakness in the JPY has diminished returns in USD terms
Technically the market has similar weak underlying breadth as the US market


Revisiting the Japanese Market – Time to Increase Allocations?

Head of Research and Global Chief Strategist, Steno Research

Andreas Steno

Head of Research and Global Chief Strategist

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Macroeconomics

<ul><li>Hello everyone, and welcome back to our weekly positioning watch.</li><li>Our newly invented high-frequency hedge fund positioning data was well received, and we’re working on expanding it to more assets on a running basis.</li><li>It’s worth revisiting the points we raised about concentration in broader equity indices.</li></ul>

Hello everyone, and welcome back to our weekly positioning watch.Our newly invented high-frequency hedge fund positioning data was well received, and we’re working on expanding it to more assets on a running basis.It’s worth revisiting the points we raised about concentration in broader equity indices.

Positioning Watch – Increasing the BETA risk?

Chief Economist & Political Strategist, CrossASEAN Research

Prasenjit K. Basu

Chief Economist & Political Strategist

CrossASEAN Research

At CrossASEAN Research we strive to produce unbiased and differentiated on the ground insights on companies across South East Asia. Our Research is produced for the most part after face to face meetings and conversations with company management to dig deep into the long term vision and strategy of the companies we cover. We seek to deliver investable and actionable themes on sectors and markets across SE Asia, often in collaboration with other Insight Providers across the region, pooling the vast experience of the analysts within the Smartkarma Ecosystem. We also offer bespoke work and tailor made trips for our clients. 

Insights across South East Asia

<ul>
<li>FOMC signalled in Mar’24 that 2.6%YoY core PCE inflation would allow three rate cuts in CY24. They now expect core PCE inflation of 2.8%YoY (above the Apr’24 reading of 2.75%YoY). </li>
<li>Core CPI inflation rose 0.2%MoM in May’24, suggesting a similarly benign outcome for core PCE. US M2 contracted for 16 months (Dec'22-Mar’24), an unprecedented tightening compensating for M2-excesses of Mar’20-Feb’22. </li>
<li>Aggressive QT in Mar-Apr’24 successfully squeezed out inflation, and core PCE inflation will likely stay below 2.6%YoY in H2CY24, allowing two 25bp cuts in the Fed Funds rate in CY24.  </li>
</ul>


FOMC signalled in Mar’24 that 2.6%YoY core PCE inflation would allow three rate cuts in CY24. They now expect core PCE inflation of 2.8%YoY (above the Apr’24 reading of 2.75%YoY). 
Core CPI inflation rose 0.2%MoM in May’24, suggesting a similarly benign outcome for core PCE. US M2 contracted for 16 months (Dec'22-Mar’24), an unprecedented tightening compensating for M2-excesses of Mar’20-Feb’22. 
Aggressive QT in Mar-Apr’24 successfully squeezed out inflation, and core PCE inflation will likely stay below 2.6%YoY in H2CY24, allowing two 25bp cuts in the Fed Funds rate in CY24.  


US FOMC Projections Too Pessimistic; Two Rate Cuts Likely in 2024 as Inflation Abates

United States

The S&P 500® is widely regarded as the best single gauge of large-cap U.S. equities and serves as the foundation for a wide range of investment products. The index includes 500 leading companies and captures approximately 80% coverage of available market capitalization.

S&P 500 INDEX (SPX INDEX)

Sustainable Investing Surveyor - Focus on Spruce Power Holding Corporation (SPRU)

The WTR Sustainable Index was down 0.8% W/W versus the S&P 500 Index (up 0.6%), the Russell 2000 Index (up 0.8%), and the Nasdaq Index (up 0.2%).

Water Tower Research

Why Tom Lee Thinks We Could See S&P 15,000 by 2030

In a rising rate environment, stocks have performed unexpectedly well, hitting record highs in the S&;P 500, but concerns linger about the market's...

Odd Lots

Revisiting the Japanese Market – Time to Increase Allocations?

Japanese indices have been stagnant due to a weak JPY and share a technically weak underlying breadth as the US market.

Rikki Malik

Positioning Watch – Increasing the BETA risk?

Hello everyone, and welcome back to our weekly positioning watch. Our newly invented high-frequency hedge fund positioning data was well received,...

Steno Research

US FOMC Projections Too Pessimistic; Two Rate Cuts Likely in 2024 as Inflation Abates

US M2 contraction (Dec'22-Mar'23) helped offset previous excesses. Core PCE inflation to stay below 2.6%YoY in H2CY24 (belying FOMC's latest...

Prasenjit K. Basu

Sustainable Investing Surveyor - Focus on Spruce Power Holding Corporation (SPRU)

The WTR Sustainable Index was down 0.8% W/W versus the S&P 500 Index (up 0.6%), the Russell 2000 Index (up 0.8%), and the Nasdaq Index (up 0.2%).

Water Tower Research

Why Tom Lee Thinks We Could See S&P 15,000 by 2030

In a rising rate environment, stocks have performed unexpectedly well, hitting record highs in the S&;P 500, but concerns linger about the market's...

Odd Lots

Revisiting the Japanese Market – Time to Increase Allocations?

​Japanese indices have been stagnant due to a weak JPY and share a technically weak underlying breadth as the US market.

Rikki Malik

Positioning Watch – Increasing the BETA risk?

Hello everyone, and welcome back to our weekly positioning watch. Our newly invented high-frequency hedge fund positioning data was well received,...

Steno Research

US FOMC Projections Too Pessimistic; Two Rate Cuts Likely in 2024 as Inflation Abates

US M2 contraction (Dec'22-Mar'23) helped offset previous excesses. ​Core PCE inflation to stay below 2.6%YoY in H2CY24 (belying FOMC's latest...

Prasenjit K. Basu

Japanese indices have been stagnant due to a weak JPY and share a technically weak underlying breadth as the US market.

US M2 contraction (Dec'22-Mar'23) helped offset previous excesses. Core PCE inflation to stay below 2.6%YoY in H2CY24 (belying FOMC's latest...