US - Market Strategy 02 (Feb 22 - Dec 23)

[behappyalways]

'[We] get into this paradox where everybody wants the economy to go into recession, they want unemployment, they want lousy earnings because that'll get the Fed to pivot because, as I like to say, the market's a liquidity junkie it wants cheap money.'
@BiancoResearch

https://mobile.twitter.com/biancoresear ... 0369317888

[behappyalways]

Investors pulled a record $42 billion from stocks in the last week as they aim to cut their tax bill after grim 2022 losses, Bank of America says
https://markets.businessinsider.com/new ... rs-2022-12

[winston]

Energy, Dow Jones and value stocks trump all other picks in a year of war, Covid and inflation

The S&P 500 Energy Index returned 63 per cent in 2022, including dividends, outperforming the broader benchmark for a second straight year

The 30-member Dow Jones index outperformed the 503-member S&P 500 by 10 percentage points this year, the widest performance spread since 1933

Source: Bloomberg

https://www.scmp.com/business/companies ... gn=3204350

[winston]

HIGHS AND LOWS

NEW HIGHS OF NOTE LAST WEEK

Chubb (CB)... insurance
Travelers (TRV)... insurance
Hartford Financial Services (HIG)... insurance
Merck (MRK)... pharmaceuticals
Immunovant (IMVT)... biopharmaceuticals
Akero Therapeutics (AKRO)... biotechnology
Conagra (CAG)... packaged foods
Campbell Soup (CPB)... soup
Lamb Weston (LW)... frozen potatoes
Caterpillar (CAT)... heavy machinery
PG&E (PCG)... utilities

NEW LOWS OF NOTE LAST WEEK

Apple (AAPL)... iconic tech giant
Amazon.com (AMZN)... online-retail king
Zoom Video Communications (ZM)... video conferencing
Match Group (MTCH)... online dating
Airbnb (ABNB)... online vacation rentals
Roku (ROKU)... streaming and smart TVs
GameStop (GME)... video-game retailer
Nordstrom (JWN)... "death of malls"
Tesla (TSLA)... electric vehicles
Goodyear Tire & Rubber (GT)... tires
MP Materials (MP)... rare earth mining

Source: Daily Wealth

[behappyalways]

Risk on....

Bed Bath & Beyond has surged 105% in 3 days as the meme stock rallies in the face of potential bankruptcy
https://markets.businessinsider.com/new ... tcy-2023-1

[behappyalways]

This is one of the chartists I follow. If USD bottoms then it will possible meant that the US stock market bear rally ending soon...


https://mobile.twitter.com/StocktonKatie

https://mobile.twitter.com/UrbanKaoboy/ ... 0123226117

[behappyalways]

On Last Friday rally...

Monster rally into options expiration. Makes me think there were a ton of puts that needed to expire worthless for institutions to maximize their profit on options they sold to the retail crowd.

https://mobile.twitter.com/GarethSolowa ... 6685123585

[behappyalways]

The melt up probably ending soon...really this is a silly game manipulate by the big boys that lead to newbies thinking it is start of a new bull while they offload...we are starting to see more and more bad earnings as the interest rates and QT starts to take effect...

Hood said that Microsoft observed a slowdown in customer spending in December, and expects that to continue.

Intel earnings ....

Facebook probably another round of retrenchment....

https://mobile.twitter.com/WifeyAlpha/s ... 6363465728

[behappyalways]

Jim Chanos in his interview sums it all. BBBY share price went up from $1 to $6 even though it is near insolvency. If the market is so confident that it will stay solvent, then they should buy its bond which is trading 4 cents for $1. You can get 25x returns...

https://mobile.twitter.com/JulianMI2/st ... 1537510401

[winston]

Just 10 Stocks Drive Half The Year's Monster $2.5 Trillion Rally

by MATT KRANTZ

Source: IBD

https://www.investors.com/etfs-and-fund ... src=A00220