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Daily Journal archiveWhy Spooked European Investors Will Pile Into U.S. Stocks
Read articleInvestment Chronicles Issue 03
Read articlePortfolio Update: Corporate Bankruptcies Reach Financial-Crisis Levels
Read articleWe’ve seen a rare confluence of extremes in June. Investors went “all-in” on megacap growth (MGC) and tech stocks, shown by pandemic-level net call buying and all-time record inflows into tech funds (from Deutsche Bank/TheStalwart via Twitter on June 3)…
Read articleThis was followed by a record amount of call buying in small-cap stocks via the iShares Russell 2000 ETF (IWM) (from Goldman Sachs/Mayhem4Markets via Twitter on June 7)…
Read articleShort sellers capitulated at one of the fastest weekly paces in years (from Goldman Sachs/Marlin_Capital via Twitter on June 9)…
Read articleThe American Association of Individual Investors (AAII) Sentiment Survey showed “net bullishness” (% bulls minus % bears) surged above 20% – its highest level since November 2021, just weeks before the bear market began (from AAII/biancoresearch via Twitter on June 12)…
Read articleMeanwhile, the S&P 500 became even more overbought than it was at the bull market peak in late 2021/early 2022 (from bespokeinvest via Twitter on June 13)…
Read articleSeveral big chain stores warn U.S. consumers are pulling back (from CNN Business on June 1)…
Read articleIn case you missed it, we shared a must-read thread on artificial intelligence and current market darling Nvidia (NVDA) earlier this month (via Twitter on June 2)…
Read articleThese signs cast doubt on the “new bull market” narrative (from The Lead-Lag Report on June 2)…
Read articleNvidia was recently the most overvalued megacap tech stock in history. The next closest comparison was Tesla in late 2021 (from PeterMallouk via Twitter on June 4)…
Read articleResearch from Bank of America suggests stock market earnings are likely to continue to weaken in the months ahead (from The Daily Shot on June 5)…
Read articleJeffrey Kleintop, Chief Global Investment Strategist at Charles Schwab, warns that the U.S. is in a “cardboard box recession” (from the Charles Schwab International Mid-Year Outlook: Global Stocks and Economy on June 5)…
Read articleRenowned economist and geopolitical strategist Harald Malmgren notes the “cardboard box indicator” was also a favorite of former Fed chair Alan Greenspan (via Twitter on June 8)…
Read articleThe Fed’s aggressive tightening is weighing heavily on speculative venture capital (VC) funding (from S&P Global Market Intelligence on June 9)…
Read articleTwo veteran bankers – John Toohig, Head of Whole Loan Trading at Raymond James, and Randy Woodward, managing director at Raymond James – join the Forward Guidance podcast to share an insider’s view of recent bank troubles and what they mean for the economy going forward (from the BlockWorks Forward Guidance podcast on June 9)…
Read articleBig tech insiders have been selling shares like there’s no tomorrow (from SPXplunger via Twitter on June 9)…
Read articleTwo more unique “indicators” suggest the U.S. economy may now be starting to “crack” (from the Financial Times on June 12)…
Read articleThe Wall Street Journal’s Nick Timiraos – known as the “Fed Whisperer” for his insight (or access) into the inner workings of the central bank – warns what we here at Porter & Co. have been telling readers for months: the Fed finds itself “between a rock and a hard place” today (from The Wall Street Journal on June 12)…
Read articleRetail same store sales continue to plummet (from spomboy via Twitter on June 13)…
Read articleThree decades of “seasonality” data suggest stock market volatility is likely to move higher over the second half of the year (from Marlin_Capital via Twitter on June 15)…
Read articleU.S. jobless claims continue to signal that the labor market is gradually weakening (from Reuters on June 22)…
Read article