S&P 500, Nasdaq 100 Testing Bull Flag Supports Continued strong economic data has reduced the number of expected Fed rate cuts, which has pushed long-term Treasury bond yields and the U.S. dollar (DXY) above some key levels, putting some pressure on the broad market indexes. The Bloomberg Commodity index (DJP) is breaking above the key $33.25 resistance level, while WTI crude oil is breaking above its 1+ year downtrend. Upside is likely to be capped due to these concerns, but we still continue ...
Remain Overweight Large-Cap Growth Mega-cap growth names such as AMZN, TSLA, MSFT, GOOGL, and META have picked up the slack as semiconductors (SMH, SOXX, NVDA, AVGO, etc.) are simply consolidating after getting extended. This was a possibility we discussed in last week's Compass (6/25/24), which means we are not seeing any lasting rotation away from large-cap growth. We remain bullish on all of the names listed (including the semiconductors), and we continue to recommend an overweight to large-...
A director at Enterprise Products Partners LP bought 10,000 shares at 25.964USD and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last...
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