What's Really On The Mind Of The Market?

Feels like the market wants to take a breather at the start of trading, as its a whirlwind period of excitement. 

Lots of questions this morning, including:

Can the value trade keep up its torrid pace?

I think this will continue, especially in Industrial names.  The upgrade of the morning is UBS going to buy from neutral on Boeing (BA) with target of $300.00

If there is new leadership, where would it come from?

The pattern of investors moving into big tech and communication stocks when they are unsure, should continue.

Will Congress stop punking the market and do something on stimulus?

The bifurcation of Main Street and Wall Street is a reminder we need more than the wealth effect of stocks and the housing boom when government is forcing people not to work and small businesses are folding.

Couple that with that jobs report, and I think we could get stimulus out of Congress this week.

To see the chart, click here.

Will the hot IPO market spark a market wide spike higher?

The answer is yes. There will be additional buzz when AirBnB and Door Dash go public this week.

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Earnings Calendar

Monday

• Morning JKS (note JKS has already posted a disappointing number)
• Afternoon CASY, COUP, HQY, SMAR, SFIX, TOL

Tuesday

• Morning AZO, BF.B, CMD, CONN, GIII, HRB, THO
• Afternoon AVAV, CHWY, GME, GWERE, MDB, PHR

Wednesday

• Morning CPB, DBI, LOVE, PLAB, UNFI, VRA
• Afternoon ADBE, CMTL, GEF, MESA, RH, VRNT

Thursday

• Morning CIEN
• Afternoon AVGO, COST, PLAY, LULU, ORCL, MTN

Friday

• Morning ROAD

Portfolio Approach

There are no changes to the weighting in the Hotline Model Portfolio this morning.

Today’s Session

Let’s get a feel for the mood of the market.