Hedgeye is undefeated
Source: Hedgeye
At least a positive (contrarian) news
The SPX Put to call ratio is at its highest since the SVB banking crisis. In a short term view, the 'PUT BUS' is getting crowded and a crowded trade is usually not a good trade. Source: JC Investment
"inflation is always and everywhere a monetary phenomenon." - Milton Friedman
Source: Charlie Bilello
More than 80% of SP500 companies that have reported so far have beaten profit expectations but the returns are setting this up to be one of the worst earnings seasons over the last 11 years
Source: Bloomberg
The fact that Chinese State property developers are also in big troubles complicates the issue for the China real estate
Mainly, as it reduces their ability to support the sector by taking over incomplete projects by private sector. Source: Bloomberg
PepsiCo testing major trend support
PepsiCo (PEP US) is testing a major support zone. February 2021 uptrend has been tested 5 times successfully. Will it be able to hold once again ? Keep an eye at zone 176-178. Source : Bloomberg
Idexx Laboratories back on breakout levels
Idexx Laboratories (IDXX US) is testing July breakout level after a 14% consolidation since the highs. Source : Bloomberg
Zurich Insurance triangle pattern
Zurich Insurance (ZURN SW) is reaching the lower end of the triangle pattern. This continuation pattern is forming since more than 70 weeks ! Will it rebound once again ? Source : Bloomberg
