We have the most BULLISH forecast on the Street as of today, a 4601 year-end SPX target. We suspect that won’t last as we are at the point where we are VERY likely to see strategists increase their forecasts. The chart below is a simple one, of the S&P 500 advanced 90 days with the mean...

Most of Wall Street seems stunned by the decline in bond yields as well as the corresponding outperformance of large-cap Growth stocks. We wanted to put together a handful of charts to help answer whether or not lower bond yields and recent growth leadership is indicative of a slowdown in the eco...

It’s A Fed Fake, Not The Start Of Growth Leadership Bond market sending mixed signals for the Growth vs. Value Trade Stick with Value until PMIs roll over and credit spreads widen (early 2022?) The end of the “inflation/recovery” trade isn’t necessarily the start of the “deflation/slowdown” trade....

I keep hearing how Tech stocks are at the most risk of rising rates/inflation. I think that's an incomplete view. All growth stocks are at risk. The charts below, built using our Factor Dashboard, show how "growth" stocks within MOST sectors are underperforming. In our view, it has little to do...