1.24.2022 We expect a choppy market until the Fed’s path is set, but anticipate positive returns as we move into the second half of 2022, especially in small cap. We also believe the Fed is likely to reverse some tightening expectations as we move into 2023.
Definitions: QE quantitative easing is form of unconventional monetary policy in which a central bank purchases longer-term securities from the open market in order to increase the money supply and encourage lending and investment. QT quantitative tightening is a contractionary monetary policy applied by a central bank to decrease the amount of liquidity. PE price earnings ratio is the ratio for valuing a company that measures its current share price relative to its earnings per share (EPS). Stagflation is persistent high inflation combined with high unemployment and stagnant demand in a country’s economy.
Autodesk 2.46%, Celcius Holdings 2.58%, Splunk 3.17%, Tesla 12.21%, as percent FFND and did not hold Anheiser Busch, Apple, Amazon, Molson Coors, Monster, Netflix, Peleton, Red Bull as of 1/21/2022.
1.10.2022 We believe Quanta Services (PWR) works as a go-to “picks & shovels” as a potential pure play for domestic energy transmission infrastructure. A leading specialty construction services franchise, PWR fits our Climate Sustainability megatrend.
1.7.2022 In this replay of a YouTube Live event, "2022 TSLA Outlook: EV Adoption Soaring, Capacity Doubling, Setup Similar to 2020," Gary Black shares his perspectives on the macro backdrop and December jobs report. He then pivots to Tesla's 4th quarter earnings preview, product roadmap and 2022 catalysts. (TSLA 11.46% FFND 1/6/2022)
Definitions: ADP – Automatic Data Processing (jobs report) | BLS – Bureau of Labor Statistics (jobs report) | FSD – Fully Self Driving vehicles | Whisper number - refers to the purported, unofficial, and unpublished earnings per share (EPS) forecasts of professional traders and fund managers on Wall Street. The whisper number can also be applied to any news or data release in any market.