Market Elevation - A Cirrus Research Podcast

While fundamentals remain constructive for the 2024 equity market outlook, intra-market rotations abound. The market’s thirst for AI tools and technology investments in 2023 played out in a dramatic fashion. A stabilizing profit cycle coupled with a supportive credit market allows investors to look more broadly at opportunities in equities. In short, while we can foresee some tur

Soft landing and interest rate risk point to a Value tilt. A rebound in earnings expectations and better-than-expected economic data have been hinting at a stabilization in the profit cycle. While a bottoming profit cycle is critical to a fundamental shift away from Growth to Value, a spike in rates is the accelerant to a break in speculative strategies and the turn to a value-sens

The current run-up in the market appears to be an echo of the Y2K/Internet melt-up. In both periods, we experience a dramatic surge in Technology spending, effectively pulling technology consumption several years in advance, and allowing markets to chase the sector with reckless abandon. In both instances, a sharp break occurs followed by a major dead-cat bounce. Without a recessio

Key Takeaways:-Testing for aftershocks – watching credit and regional bank ripples.-Quality Bet Amplified as Capital Markets “Join” in the Tightening Cycle.- The Sell-side is behind the Curve; Earnings Expectations to Roll Lower before they Bottom.- Fed Offset Limits Rate Risk for the Growth Investor; Growth Strategies Get a Short Reprieve.- Liquidity Model Still Frames a Low

The outlook for US equities in 2023 remains locked in a defensive stance. With sharp reversals seen in the bear market of 2022, excesses are worn down and valuation adjustments allow investors to look more opportunistically in the coming year. In short, 2023 becomes a market of stocks, not a call on a stock market. 2023 is a more nuanced year where fundamentals will continue to mat

Satya Pradhuman outlines the firm’s framing of the current market environment. He walks through the barbell strategy which allows for a slowdown in the global profit cycle, the ongoing challenges with rising energy costs and the struggles of the Fed to contain inflation. https://cirrus-res.com/The information contained in this Podcast report ("Podcast") is based on sou

We continue our discussion for Part 2 of Market Conversations – When the Market Turmoil Gets Personal: Personal Finance Decisions for Investors. Featuring Maili Wong of Wellington-Altus and Bill Kan of Candent Capital Terms that resonate in this session are “A plan”, “discipline” and “a willingness to adapt.” These are all critical elements that allow for managing thr

Market Conversations – When the Market Turmoil Gets Personal: Personal Finance Decisions for Investors. Featuring Maili Wong of Wellington-Altus and Bill Kan of Candent Capital Terms that resonate in this session are “A plan”, “discipline” and “a willingness to adapt.” These are all critical elements that allow for managing through market turmoil. Topics Discussed in

Listen to part 2. Investors are uniquely challenged as we struggle, for the first time in many decades, to properly frame a portfolio with both an inflation strategy and a recession posture. As the Fed continues its restrictive monetary policy, it must walk the tightrope between an inflationary jump and a heavy-handed approach leading to a profits recession and possibly a full-blow

Investors are uniquely challenged as we struggle, for the first time in many decades, to properly frame a portfolio with both an inflation strategy and a recession posture. As the Fed continues its restrictive monetary policy, it must walk the tightrope between an inflationary jump and a heavy-handed approach leading to a profits recession and possibly a full-blown recession. Our B