January 2025
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Cybersecurity stocks have found their footing. Bullish momentum indicators suggest potential breakouts, particularly for Fortinet as it eyes new all-time highs. Explore the technical setups and how this could be a pivotal moment for cyber names.
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While the USD and US10Y didn’t break, stocks welcomed last week’s breather. Donald Trump was inaugurated as President over the weekend, forcing us to revisit the “buy the election, sell the inauguration” trade. This edition of The 9:25 plays a game of “For Real or Fugazi?” on these topics. With earnings officially in full swing,…
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Although fear has returned to the equity market—manifesting itself in some lousy price action—valuations remain rich, which means earnings need to perform to justify them. King Dollar (USD) could be the greatest threat to earnings.
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A strong showing from Payrolls sent the major indices down 1-2% on Friday as investors sold the “good news”, interpreting it as a setback for rate cuts. Over the past two years, hindsight shows sell-offs triggered by strong economic data are buyable dips. This time feels no different.
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“Japan is a hospital. China is a jail. Europe is a museum. The U.S. is a business.” Why would you put your money to work elsewhere? Nick Colas, co-founder of DataTrek Research, summed it up perfectly. I believe he workshopped this quote from Lawrence Summers, who served as U.S. Treasury Secretary from 1999 to 2001.…
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The easiest arrow to land against stocks is that they’re too expensive. As reported by The Wall Street Journal, the S&P 500 began 2025 with a price-to-earnings (P/E) ratio of 24.7x trailing and 21.4x forward. These figures exceed the averages over the last 5 years (19.6), 10 years (18.1), 15 years (16.4), 20 years (15.8),…
Gorilla With Glasses 