On Tuesday morning I joined Stuart Varney on Fox Business to discuss the implications of a Republican Sweep Election on markets. Thanks to Stuart and Christian Dagger for .
Here were my notes ahead of the segment:
(Click on image to enlarge)
During earnings season I try to cover 1-2 stocks that we have discussed on our |(s) and/or hold in client portfolios/personally/beneficially:
ETSY
We announced this new holding on our | several weeks ago (current blended basis ~$49.36).(Click on image to enlarge)
(Click on image to enlarge)
Q3 results:
Bank of America Fund Manager Survey Update
On Tuesday, we put out a This month they surveyed institutional managers with ~$503B AUM:Here were the key points:1. It is a positive (not a negative) that managers think CPI will be higher next year than this year. It is the same at each cycle trough – that precedes a growth recovery (2009, 2001, etc):(Click on image to enlarge)
2. Sentiment is improving but not yet euphoric:(Click on image to enlarge)
3. Managers dramatically underweight Materials and Energy:(Click on image to enlarge)
4. Long Gold is getting very crowded:(Click on image to enlarge)
5. Managers starting to get out of Japanese equities:(Click on image to enlarge)
General Market
The CNN “Fear and Greed” rose from 58 last week to 68 this week. You can learn how this indicator is calculated and how it works here: ()
The NAAIM (National Association of Active Investment Managers Index) () rose to 88.31% this week from 82.53% equity exposure last week.(Click on image to enlarge)
More By This Author:
“Tis The Season” Stock Market (And Sentiment Results)
