Today in the podcast, we reflect on some of the most interesting things we saw last week in terms of charts, questions, quotes and high frequency data. Three big things you need to know: First, our chart of the week (inspired by our top investor question) highlights how the Russell 2000 has been able to establish major bottoms in past periods of extreme stress about 3-6 months before EPS forecasts started to turn positive again. This time has been different, however, as Small Cap EPS revisions actually turned slightly positive a few months ahead of the June low in the R2000. Second, political polling data, mid-term betting markets, and recent political news flow continue to highlight a shift in momentum back in Democrats’ favor, a growing headache for the stock market in the near-term. Third, stock market valuations improved after Friday’s Jackson Hole sell-off but don’t look cheap.

Ver todos los episodios