The Conference Board’s Consumer Survey results delivered a negative signal about the US consumption outlook on Tuesday. Although the present situation component inched up marginally in September, a 9.6-point drop in the…
According to BCA Research’s European Investment Strategy service, energy stocks are an appealing overweight as a hedge against oil supply cuts. For now, the earnings of the energy sector continue to lag that of the broad…
Last week, the Federal Reserve signaled that it expects to deliver one last rate hike this year. Similarly, some of its European counterparts signaled that they are at or close to the end of their hiking cycles. Where does this…
Tech stocks have recently been bearing the brunt of the US equity selloff. The Information Technology and Consumer Discretionary sectors – home to major H1 outperformers including Nvidia, Microsoft, Apple, Amazon, and Tesla…
In a recent Insight we highlighted that the GDP tracking indicators produced by regional Fed banks are sending different signals about economic conditions in the US. While the Atlanta Fed’s GDPNow model suggests Q3 growth…
The message from the German Ifo is that although business sentiment continues to weaken, the pace of deterioration slowed in September and appears to be in the process of bottoming. The Business Climate Index’s marginal…
Bulls and bears have capitulated, and the majority of the clients surveyed expect a rangebound market in the near term. Our fair value PE NTM indicates that the S&P 500 is only modestly overvalued. The continued outperformance…
European stocks and the euro continue to weaken; soon, they will test the bottom of their recent trading range. Which sectors can protect investors against this downdraft?
According to BCA Research’s US Investment Strategy service, nonfinancial corporate businesses have been more insulated from rising interest rates than they typically are during major rate-hike campaigns, but the buffer is…
Investor sentiment has turned less optimistic. According to the latest AAII survey, the share of respondents with a bullish outlook has collapsed to 31.3% from its peak of 51.4% two months ago. It is now back down below its…