56% of European Fund Managers are planning to reduce exposure to French stocks over the next 12 months, the most in history
Source: BofA, Barchart
Goldman Sachs still sees the S&P 500 climbing to 8,000 by year-end, 8,300 in six months and 8,700 within a year.
Earnings growth, not higher valuations, is expected to drive the next leg higher. Source: SABELNET
Smart money is now LONG small caps and SHORT Nasdaq 100.
The Russell 2000 / Nasdaq 100 ratio recently reached its most oversold level since the pandemic, potentially confirming the setup. An interesting opportunity for the short to medium term??? Source: Guilherme Tavares i3_invest
Stocks historically do much better when Congress is split versus unified.
Source: Ryan Detrick, CMT
BLACKROCK JUST CUT US STOCKS TO NEUTRAL AND TURNED BULLISH ON TREASURIES
The shift comes from a note by the BlackRock Investment Institute and CIO Rick Rieder. - Short-term Treasuries: up to overweight - Long-term Treasuries: up to neutral from underweight - US stocks: down to neutral from a long-held overweight BlackRock says it is still bullish on AI and calls the stock cut short-term risk management: "We are managing near-term risk, not changing our core convictions." Source. Evan
S&P 500 $SPY and Nasdaq 100 $QQQ are testing the ceiling while Russell 2000 $IWM tests the floor.
Source: TrendSpider
Since 1950, the S&P 500 has averaged a return of 17.2% in the year after midterm elections, more than double any other year of the Presidential cycle
Source: Barchart
The sp500 has been doing rather well but what you find underneath doesn't look as pretty...
Since June 1: - 89% of stocks are down more than 10% - 54% more than 20% - 29% more than 30% - 7% more than 50% Just carnage out there... Source: Morgan Stanley Connor Bates
