What follows are the topics covered in this weekend's note to subscribers. To become a client of Zenolytics Turning Points or to learn more click here.
The excerpt from last weekend's note is available here.
In this weekend's 11 page note we discuss:
- The psychology of stalling right beneath new all-time highs for most of August
- A surprise outcome for the markets into elections that few are discussing
- Adapting to shifting trading conditions
- Four areas of concern for the market after this week
- A potential event bearish catalyst this upcoming week
Market Update
The psychology of the present market is one that deals in a great degree of certainty versus where we were even a month ago. The revelations of the past several weeks especially, with Q2 earnings shattering expectations on the upside, and guidance being equally as bullish, has caused a certain confidence to emerge that has done away with many of the fears plaguing investors over the past several months.
A foundation of confidence, however, comes at a cost to investors. That cost is in the form of exactly what we experienced this past week: Equity prices that are seemingly wading through molasses with little in terms of predictability or overall direction. The fluidity with which stocks were moving during the first phase of this rally has turned, as fear has been removed from the equation and a certain sense of confidence has emerged.
Let's take, as one obvious example, the issue of the S&P 500 sitting right beneath its all-time high for a majority of August, while nearly all of Wall Street is preparing for that all-time high print. If you look through the financial media, there are no less than a hundred articles discussing the coming new all-time highs for the S&P 500.
To view the entirety of this weekend's note, you can subscribe by clicking here.
Disclaimer
This website is for informational purposes only and does not constitute a complete description of our investment advisory services. No information contained on this website constitutes investment advice.
This website should not be considered a solicitation, offer or recommendation for the purchase or sale of any securities or other financial products and services discussed herein. Viewers of this website will not be considered clients of T11 Capital Management LLC just by virtue of access to this website.
T11 Capital Management LLC only conducts business in jurisdictions where licensed, registered, or where an applicable registration exemption or exclusion exists. Information contained herein is not intended for persons in any jurisdiction where such distribution or use would be contrary to the laws or regulations of that jurisdiction, or which would subject T11 Capital Management LLC to any unintended registration requirements. Visitors to this site should not construe any discussion or information contained herein as personalized advice from T11 Capital Management LLC. Visitors should discuss the personal applicability of the specific products, services, strategies, or issues posted herein with a professional advisor of his or her choosing.
Information throughout this site, whether stock quotes, charts, articles, or any other statement or statements regarding capital markets or other financial information, is obtained from sources which we, and our suppliers believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. Neither our information providers nor we shall be liable for any errors or inaccuracies, regardless of cause, or the lack of timeliness of, or for any delay or interruption in, the transmission thereof to the user. With respect to information regarding financial performance, nothing on this website should be interpreted as a statement or implication that past results are an indication of future performance.
