My Tweet of Day
Positions: None.
Challenge!
When a perma bull like Tom Lee cites poor investment sentiment and light posititioning to support his market optimism, I call B.S. and challenge him:
Position: None
JPM Misses
Break in!
JPMorgan Chase ($JPM) misses top and bottom line.
More later.
Position: None
A Divine Idea
We are long Procter & Gamble ($PG).
From The Divine Ms M this morning:
New Ideas
I was asked to revisit Procter & Gamble (PG), which I recommended about a month or so ago. It is short-term overbought (having run ten bucks in a week), but it still looks like a base in the making to me. I’d love to see a few down days to digest the recent run-up.
Position: Long PG (VS)
A Big Waste of Time
These year-end forecasts have little value.
They all typically start with a standard +8% (or so) yearly forecasted return:
They are not worth the paper they are written on, imho.
Position: None
More Foul Breadth Data
Position: None
Persistent Inflation Remains a Core Short Argument
* Especially after the large increase (since 2020) of cumulative or “stacked inflation”…
Position: None
Oscillator Now Close to Neutral
As I noted late yesterday, the S&P Short Range Oscillator, which was -5 to -6 about 10 days ago (a deep oversold) is now close to neutral at -0.66% (vs. -1.96% a day earlier).
Position: None
Oscillator Update
Just what I thought. The S&P Short Range Oscillator slipped to -0.66% — that’s virtually neutral after being -6% a week or so ago.
Position: None