Shaping up to be a very good session that will have economists reworking their assumptions about inflation and the Fed. Market strategists are rethinking the debate of value over growth. Meanwhile, more great reactions from earnings as DocuSign, Inc. (DOCU), MongoDB, Inc. (MDB) and JOANN Inc (JOAN) surge.
The biggest tell of the session is the drop in ten-year yield.
Followed closely by decline in the fear index.
There is a knee-jerk selling in energy and financials. We’ll watch that as the notion of lower yields impacting the investment thesis, although global reopening helps the former.
Looking at this stuff, in the rearview mirror, always seems so easy but tension have been high, and risk elevated over the past month.
I am thrilled with the way the market has held up and think ideal conditions will remain in place.
The thing though, there is a ton of money on the sidelines still reluctant to commit. This means that the same game of rotation, re-rotation and re-re-rotation makes us nimbler than we want, but admittedly I love it.
It is more challenging than throwing darts.
Have a Great Weekend
|Charles, Loved your closing comments on "Making Money" today! Work, and pride in your work is what it's all about. My 2 older brothers had paper routes, so I, from 5th grade on, became their automatic "helper". One brother rarely needed my help. One brother had me fill in so many times, the customers on our route thought they had a full time paper girl. I loved that job and every job since.|
Thank you for sharing your life stories and upbeat wisdom on how investing in America's free market system can help people prosper. No greed, just pride in honest work.
Becke Freitas on 6/4/2021 3:21:07 PM
|Always great commentary Charles! Wishing you and your staff a great weekend also.|
Lorin K on 6/4/2021 7:06:51 PM
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