No data tomorrow, but this will be a very interesting Waller speech... the dove, turned moderate, could pivot further hawkish
June flash PMIs Tuesday
May PCE Thursday
Among the Mag 7, $NVDA is 2nd cheapest at 21.1x P/E/... I think it's even lower than $SPCX :) @wisdomtreefunds
Momentum is screaming higher... across timeframes @wisdomtreefunds
Best S&P 500 earnings revisions in more than 5 years... but are we near peak-earnings? @wisdomtreefunds
Where has alpha been? Emerging Markets, and USA Small Caps @wisdomtreefunds
European small caps lagging
... and consumer stocks leading among small caps m/m @wisdomtreefunds
Firming 10yr TIPS yield, elevate SPX P/E... and the S&P 500 equity risk premium is very close to 25-year lows...
Just 2.46% (still suggests stocks are better than bonds for 7-10yr returns) @wisdomtreefunds
Well, consumer stocks are doing just fine... among the mid-cap space... best of the 11 sectors @wisdomtreefunds
Heads up... I'll join @APompliano for a markets chat this week on his YouTube.
.U.S. Open ... 72% chance Wyndham wins, 13% Scottie.
15%, anyone else (best Xander at 2.8%) @kalshi
kalshi.com/markets/k... @chambleebrandel
