Manufacturing and Travel and Leisure Drive Crude Oil and Energy Stocks

A strong manufacturing report indicative of an expanding economy, plus the Memorial Day weekend’s sharp uptick in travel and leisure activites, aligned nicely with the post-pandemic reopening investment theme. Both of these fundamentally improved the demand outlook for…

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Inflation Fears Drive Shift to Value

In the midst of rising inflation expectations, i.e. 10-year breakeven inflation targets climbing to a new 8-year high @ 2.59%, investors are increasingly shifting their preferences to value. The Dow 30 Industrials escaped today’s selling almost unscathed. As inflation indicators signal rising risks, tangible assets, e.g. commodities and real estate, are likely to benefit, along with stocks representing sectors in energy, materials and financials.

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Sit Tight to Wait and See

Market Moving Event: News and information normally regarded as market drivers had little impact today. The overwhelming majority of companies reporting positive earnings surprises nor the upbeat housing and consumer confidence data were…

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Without Data, What Else Can One Expect?

Market Moving Event: Core Durable Goods Orders were today’s only major data. Since they aligned with expectations, the market lacked a catalyst to drive stock indexes notably higher or lower. Therefore, a flat day and contracting volume were somewhat expected. Yet, there is always tomorrow or the day after, which will be exactly the case as @ 100 SP-500 constituents report earnings over the next two days. If that is not sufficient, then look to this Wednesday’s release of …

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