Month: April 2023

Industrials Face Grim Odds in a Recession In the last couple of weeks, we’ve begun work to identify equity market […] To access this content please upgrade to another membership

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Launching the S&P 500 Memo We’re launching the S&P 500 Memo to provide guidance around short-term price action for this […] To access this content please upgrade to another membership

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Summary In last week’s Tactical Update, we highlighted that precious metals are likely to take a breather in the short-term […] To access this content please upgrade to another membership

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Here is today’s premium video covering: SP500’s current technical set up Our thoughts ahead of this week’s inflation print. Technology […] To access this content please upgrade to another membership

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Tech’s Revenue and Profit Margins are Faltering Tech’s forward-P/E ratio took a hit last year amidst rate hikes. Rising rates […] To access this content please upgrade to another membership

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Initiating 5% Short Position on Tech (XLK) Dipping Our Toes on a Short Tech Trade We’re initiating a 5% short position on Tech through the XLK ETF. Last week we posted a Macro Note pointing out that Tech is a vulnerable sector in the recession we anticipate later this year. Tomorrow we’ll post a second […]

Performance Our model portfolio generated a gain of 2.7% in March, outperforming a global asset allocation fund (2.3%) while underperforming the S&P 500 (3.7%) and a 60/40 portfolio (3.2%). [1] For the year through February, our portfolio is up 10.5% compared to the S&P 500’s 7.5% rise. The top-5 drivers of the model portfolio’s performance […]

The recent equity market rally has been characterized by narrow market leadership, as mega cap tech stocks are driving a […] To access this content please upgrade to another membership

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Here is today’s premium video covering: Key comments on our model portfolio Whether or not we should trust the recent […] To access this content please upgrade to another membership

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SVB Failure is Leading Equities to Price in Best Case Scenario Following Silicon Valley Bank’s failure in early-March, the S&P […] To access this content please upgrade to another membership

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