In this weekend's 373rd edition of Turning Points we have a 13 page note discussing how short-term uncertainty is set to turn into absolute clarity for the remainder of 2023.
What follows is a brief preview from this weekend's note:
We find ourselves, once again, in one of those spots where our next steps will be abundantly clear due to the nature of how, when and where the markets are consolidating.
However, until we observe how the current situation develops, jumping to premature conclusions about the future direction of the markets will be a sub-optimal use of capital, with what are likely disappointing results.
The current market has the look and feel of one that would be content to chop around for the next week or two, at least.
In that situation, we want to be buying the dips, in a handful of reliable squeeze candidates in order to play the upside.
Over the intermediate term, past the middle of September into the beginning of Q4, the pressing desire of portfolio managers to make up for performance lag during 2023 to date will certainly be a catalyst for renewed upside momentum in the markets.
What will also be a catalyst is the Fed pausing at the September meeting, which is currently looking like a high probability bet according to Fed Fund futures.
To view the entirety of this weekend's note, you can subscribe by clicking here.
Zenolytics Turning Points is 300+ editions in and only getting better. Find out why institutions and individual investors have come to depend on our service through each and every type of market environment. Click here for details.
Disclaimer
This website is for informational purposes only and does not constitute a complete description of our investment advisory services. No information contained on this website constitutes investment advice.
This website should not be considered a solicitation, offer or recommendation for the purchase or sale of any securities or other financial products and services discussed herein. Viewers of this website will not be considered clients of T11 Capital Management LLC just by virtue of access to this website.
T11 Capital Management LLC only conducts business in jurisdictions where licensed, registered, or where an applicable registration exemption or exclusion exists. Information contained herein is not intended for persons in any jurisdiction where such distribution or use would be contrary to the laws or regulations of that jurisdiction, or which would subject T11 Capital Management LLC to any unintended registration requirements. Visitors to this site should not construe any discussion or information contained herein as personalized advice from T11 Capital Management LLC. Visitors should discuss the personal applicability of the specific products, services, strategies, or issues posted herein with a professional advisor of his or her choosing.
Information throughout this site, whether stock quotes, charts, articles, or any other statement or statements regarding capital markets or other financial information, is obtained from sources which we, and our suppliers believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. Neither our information providers nor we shall be liable for any errors or inaccuracies, regardless of cause, or the lack of timeliness of, or for any delay or interruption in, the transmission thereof to the user. With respect to information regarding financial performance, nothing on this website should be interpreted as a statement or implication that past results are an indication of future performance.
