Happy Sunday! It’s been an exciting couple weeks of earnings and we have another busy one ahead of us before things begin to slow down. Today, we’ll cover some misc thoughts then dive straight into previews for this week’s earnings. We’ll have our sector positioning/sentiment round-up next week once earnings have wound down.
Thoughts after the last week
Macro: Last week we talked about getting more constructive on the QQQs vs. our “high-alert” stance since Mid-March; however, we don’t think we are going back to the easy money days of late ‘23 and early ‘24. The macro picture remains far from straightforward although yields bottoming and oil ticking down have added some fuel for the bulls. We think VitalKnowledge laid out the debate well this weekend:
“The big debate within US equities concerns the state of the domestic economy following a multitude of data points in the last couple of weeks pointing to growth being at a downward inflection point. Specifically, is this inflection poin…
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