TMT Desk Analyst Archives

TECH Tantrum?

by Stephen Gregory | Jun 8, 2021

Tech looks more vulnerable into tapering THIS TIME CORNERSTONE MACRO | TMT Desk Commentary Tapering’s impact to TECH stocks while unknown is increasingly on the radar. - Intuitively, a marginal downtick in monetary injections should support a rotation back into self-sustaining, more secular TECH...

7 at 7

by Nico Koo | Sep 20, 2023

Good morning, S&P Futures are at session highs, up 17-bps and tracking gains in European markets while Asia was mixed overnight. The DXY & Treasuries are slightly lower with yields up ~1-bp. It’s another quiet day on the eco front with Housing Starts...

Fed Up and Down

by Dan Nivasch | Sep 22, 2022

Good evening! I just wrapped up a three-day trip in the West Cost (SF/LA) and had some great conversations with clients. Clients were most interesting in talking about how to position for this volatile and deteriorating backdrop, just like we wrote about here....

Ignore Noise, Follow Signal: ISM New Orders Has Bear Market Rallies Too

by Dan Nivasch | Sep 22, 2022

The market is struggling between a rock (weakening leading economic indicators) and a hard place (hawkish central banks). While the market has given back a chunk of the gains from the summer’s “No-Pivot” Bear Market Rally (see Which One Of These Fed Pivots Doesn’t...