This Is Michael Hartnett's New Favorite Market Sector

"Materials are also the candidate to pair in an optimal bubble barbell strategy of long “hubris” (AI & chips today) & long “humiliation” (out-of-favor, distressed cyclical plays)."


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Earnings Estimate Revisions Are Very Optimistic

This is not a market to initiate new longs at the highs... Tighten stops, take profits in extended semi names, and build a buy list for the pullback. Patience pays.

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Winning? Do We Need To Understand UBI

It is too early to spend a lot of time trying to understand how UBI would work, but we will start hearing more about this rather than less as affordability remains an issue...