“Buy humiliation, sell hubris”
— Michael Hartnett, BofA Chief Investment Strategist
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I was not going to write a Daily Q today, as I know you have been saturated already with yesterday’s Quotedian (click here) and the NPB Global Asset Allocation Outlook (ask for your copy here), also released yesterday. I realize I lost Generation TikTok months ago, but overloading the Boomers and Generations X & Y would be unfair now …
So, just a quick note as a reminder that today is CPI (inflation) day in the US and given the recent turmoil in bond markets, it will probably matter:
The following table (more or less) explains the higher-than-expected Headline reading, as Forecastesr expect a big rise in energy prices to impact, but lower than expected Core reading:
Earnings season kicked off yesterday, with some of the largest banks posting a mixed bag of results. As we highlighted in our Q4 Outlook, earnings did accompany stock market gains during the current bull market, but expectations are becoming gargantuan. Caveat emptor!
The chart all equity investors are currently worshipping:
The Important One:
Everything in this document is for educational purposes only (FEPO)
Nothing in this document should be considered investment advice
Investing real money can be costly; don’t do stupid shit
Leave politics at the door—markets don’t care.
Past performance is hopefully no indication of future performance
The views expressed in this document may differ from the views published by NPB Neue Privat Bank AG
The Legal One:
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