We want to begin by reiterating that one of our goals is to provide comments from both sides of the bull/bear ledger each weekend.  Therefore, it might sound like we’re talking out of both sides of our mouths at times.  However, we always try to let you know which side of that ledger we stand on at any given time.  So, we’re really just trying to give both sides of the story…while still providing our opinion on which one is the one we are most attached to.

 

Table of Contents:

1)  What we have actually been seeing recently is a “re-allocation” move, not a “rotation” move.

2)  Can the Russell 2000 finally outperform consistently?  It will likely depend on the regional banks.

3)  The Middle East:  We just don’t see how Israel will sit back and let Iran become a nuclear power. 

4)  The news out OPEC+ production increases is a concern for the energy stocks, but don’t get too negative yet.

5)  Update on the charts of the S&P 500 and the NDX Nasdaq 100.

6)  Earnings growth estimates are not strong enough to fuel a further rally of consequence.

7)  Long-term bond yields might not fall as quickly as the Street is thinking right now.

8)  Be careful about chasing the financial stocks aggressively over the near-term.

9)  Potpourri….The healthcare stocks are getting overbought near-term (but we still like them longer-term).

10)  Summary of our current stance………Valuation DOES matter (eventually). 

 

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