China Shocks Market 🇨🇳

🇨🇳  China crackdown. #ChinaTension rising as Washington relationship referred to as ‘dead end’. China cracking down particularly on Tech making investors extremely nervous. Pending M&A deal approvals likely to face higher scrutiny as well. 📱 Weak Big Tech earnings. #BigTech and growth names largely lower following weaker #earnings last week. Growth down over -1% while overall S&P 500 only slightly lower. Read More

4-Day Streak Caps Green Week 🍀

⛈  Stormy Monday. Perfect storm Monday with #CyberSecurity hack, rising #ChinaTension and ongoing #COVID19 delta surge. S&P 500 fell -2% while 10-year treasury yields plummeted -8% to start week. 🤗 Green recovery Market fear didn’t last as S&P 500 rallied +4% to finish week up +2%. Market sentiment got a boost from strong #earnings alleviating stalling #COVIDRecovery concerns. 🌳 Strong growth rotation. Growth won Read More

Market sentiment turns bearish 🐻

😷 Domestic COVID is back. After months of steadily declines, 🇺🇸 #COVID19 rising across cases, hospitalizations and deaths. Not 4th wave yet, but some counties already reimposing mask mandates. While primarily in unvaccinated areas, investors still spooked by stalling #COVIDRecovery. 💸 Is inflation really transient? Fed chair Powell reiterated transient inflation expectations after June’s 12-month CPI rose to +5.4%. #InflationFears getting louder Read More

Parade of Beats Drive Growth Rally 🥁

🥁  Growth relief rally. Strong week for high-growth names with a relief rally on strong #earnings. Bucking April’s overvalued mentality, last week saw a parade of strong beat and raises with investors getting bullish on growth again. Growth up +2% last week. 💪 Markets up on recovery progress. S&P 500 rose +1% last week. Investors cheered #COVIDRecovery progress across stressed Read More

Earnings Winners 😃 & Losers 😖

💪 Domestic pandemic recovery strong. As cases continue to rise globally, 🇺🇸 #COVIDRecovery momentum strong. #Earnings winners saw reopenings and increased spending drive beats. Even #RevengeTravel got a boost with Europe likely opening to vaccinated Americans in summer. 🤢 International pandemic recovery not so much. #COVID19 continues to surge internationally with new all-time case highs. Companies with large international exposure were #earnings losers often Read More