A Stock Market Leadership Change Is Underway

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A Stock Market Leadership Change Is Underway

Commenting on the stock market leadership change and today’s markets strategist Louis Navellier wrote in a note to investors:

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Q4 2020 hedge fund letters, conferences and more

The ISM Manufacturing Index Will Likely Stay Strong In The Upcoming Months

The ISM manufacturing index has risen for nine straight months and the details within the most recent report were especially encouraging.  A strong housing sector is helping boost manufacturing activity for appliance, furniture and building materials.  But a global chip shortage for OLED and LED screens is creating a growing backlog in the automotive sector that will likely keep the ISM manufacturing index strong in the upcoming months...

This Hedge Fund Believes The New Real Estate Cycle Is “Well Underway”

REITChilton Capital's REIT Composite was up 6.1% last month, compared to the MSCI U.S. REIT Index, which gained 4.4%. Year to date, Chilton is up 6.3% net and 6.5% gross, compared to the index's 8.8% return. The firm met virtually with almost 40 real estate investment trusts last month and released the highlights of those Read More


The other exciting thing that boosted financial markets is that the 1-shot Johnson & Johnson vaccine for Covid-19 was approved by the FDA and distribution is now underway.  The number of new Covid-19 cases continue to plummet, with growing vaccine supply that will get a boost from the 1-shot Johnson & Johnson vaccine . . . However, as we get out and about, the velocity of money - how quickly money changes hands —naturally picks up and prosperity rises.  Interestingly, we also tend to get out and about more in the spring as the weather improves.  The two catalysts combined is likely to keep GDP growth strong...

The strength in earnings in the upcoming first quarter earnings is going to be stronger than than the fourth quarter just ended.  This is because the first quarter forecasted sales and earnings momentum is still accelerating and will keep equity markets strong through May, though pullbacks are likely . . .   Stocks should benefit immensely from quarter-end window dressing that typically appears mid-March as institutional investors continue to accumulate stocks...

Stock Market Leadership Change

A big stock market leadership change is underway... As many of the big components of the S&P 500 stumble a bit this year, institutional dollars are  now chasing small caps, mid caps and international ADRs...

China’s chief banking regulator, Guo Shuqing, the Chairman of the China Bank & Insurance Regulatory Commission on Tuesday warned about risks in Chinese property markets and global financial markets.  comparing Chinese property bubble to a “gray rhino.”  While I don’t know what a gray rhino is,  I do not think markets should or will be alarmed by Guo’s comments as they seem more focused on curtailing speculation at home rather than sending signals abroad.

Things are moving quickly with the pandemic, stimulus and the international arena.  Tomorrow, things could look a lot different.  Stay tuned!

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