Companies are sounding more optimistic in earnings calls

TopdownCharts
02-03 09:15

Learnings and conclusions from this week’s charts:

1. The S&P 500 $.SPX(.SPX)$ closed up +2.7% in January.

2. The equal-weighted index did +3.4% (sign of things to come?).

3. Companies are sounding more optimistic in earnings calls.

4. Investor confidence is down, economic confidence is up.

5. The scene is set for rotation (especially small vs large).

Overall, despite some volatility, January marked a solid start to the year, and the maintenance of momentum is a good sign (historically speaking — as the charts show).

The intriguing uptick in economic optimism actually provides more of a prompt to ponder rotation and ranging rather than more of the same of the past few years.

Change is in the air…

$SPDR S&P 500 ETF Trust(SPY)$ $E-mini S&P 500 - main 2503(ESmain)$ $Invesco QQQ(QQQ)$ $iShares Russell 2000 ETF(IWM)$ $Cboe Volatility Index(VIX)$

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment