Stocks have rallied on "peak inflation" and "peak hawkishness" narratives as shorts have unwound their bets against US equities. However, both sentiment and positioning among managers remain bearish.
Foreigners continued selling U.S. equities in June. On a 12-month basis, net equity sales reached a record level.
Today's topics include can this still be considered a bear market bounce?, BofA survey shows slight uptick in bullishness, concerns for Chinese growth, measuring inflation during volatile periods, gas demand, rents continue rising, and investors jump back into junk bonds
A replay of our August 18 conference call.
With Q2 2022 earnings season coming to a close, revenue and earnings growth expectations continue to surprise. Expectations for future growth are crashing, yet companies are offering more positive guidance than in previous weeks.
Today's topics include El-Erian cautions Fed, labor shortage, home prices cooling, the Fed at neutral?, European office space, betting on lower inflation again, the PBOC cuts rates, warning on company financing, debt becomes a concern, Europe's energy crisis, student debt bubble, and stablecoin regulation
Today's topics include smart money is buying, insiders are buying, stock inflows continue, the switch from goods back to services, another way to look at inflation contributions, the Fed's effect on the MBS market, the correlation between stocks & bonds, and single bond ETFs
The broad stock market averages bottomed in mid-June. What has rallied and what has not?