MacroBusiness
Access Subscriber Only Content
More grist for the growth scare mill from a new Goldman note:
11 point Checklist – Consensus client feedback for a quick equity risk reduction into potentially lower buy demand into Jackson hole. The consensus feedback seems to be calling for a -5% correction, which really gets to -4%. This is a recap of the talking points about to hit your inbox this week. I think this morning’s rally gets faded as buy tickets are completed early in the day. “Selling rallies” is the new dynamic vs. buying dips.
1. Weak Seasonals – Since 1928, we just exited the best two-week period of the year. Friday’s option expiry ended the best seasonal period of the year. August seasonals are not market friendly and trend lower all of August, for the 4th worst two-week seasonal period of the year. Today you are here and Jackson hole is the low point of this chart. Since 1950, there have been 19 times in 72 years that the S&P is up at least >10% thr
Entering The Worst Seasonal Period Of The Year, And 10 Other Reasons Why Goldman Braces For An August Correction
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
Earnings Kickoff, Trading GS and JPM, CPI, Lockheed Martin, Black Widow s Model
thestreet.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thestreet.com Daily Mail and Mail on Sunday newspapers.
Sloppy Workmanship, Nasdaq Under Fire, Turning Down the Volume, Broadcast News Plus, Elon Musk stirs the pot again in the cryptocurrency universe.
May 17, 2021 | 07:54 AM EDT It is not because things are difficult that we do not dare, it is because we do not dare that they are difficult. Lucius Annaeus Seneca
Just Where Are We?
No, this is not going to be a class on ancient Roman stoicism, though I know how much you crave such intellectual journeys into personal development at zero dark-thirty on Monday morning. Such adventure we will leave for another time.
Just where are we? That s the question, and finding the answer is as much about knowing what you are trying to accomplish as it is about understanding an incredibly robust environment for large-cap profitability based upon an ultra-liquid landscape.