Underweight Our underweight in the S&P communications equipment index is slightly in the green, and today we reiterate our below benchmark allocation in this niche tech sub-sector. The key reason for concern is industry…
Highlights President Biden has called for the US intelligence community to investigate the origins of COVID-19 and one of Biden’s top diplomats has stated the obvious: the era of “engagement” with China is over. This…
Highlights China's high-profile jawboning draws attention to tightness in metals markets, and raises the odds the State Reserve Board (SRB) will release some of its massive copper and aluminum stockpiles in the near future. Over…
Underweight As a follow up to yesterday’s Sector Insight report where we reiterated our S&P financials downgrade, today we cover banks that were used as the vehicle to trim financials to a neutral allocation. Housing starts…
Over the past several weeks, the S&P 500 has failed to break above its May 7 all-time high. This stagnation is consistent with indications that the rally was vulnerable to some profit taking. Inflationary fears highlighted by…
Neutral In this Tuesday’s Strategy Report we closed our overweight financials call and moved this GICS1 sector to neutral from previously overweight capitalizing 20% in relative gains, since last November’s…