Market Elevation - A Cirrus Research Podcast

In this episode, Satya Pradhuman walks through Cirrus' outlook on equities for the year. Adages such as “Buy on the rumor, sell the news” or “Be nimble or be humbled” come to mind as fundamental elements stack up for an ongoing run-up of risk-taking. That said, key measures on the inflation front, tactical crowding extremes and the global capital flows point to a need to de-risk as we get to...

in this episode, Satya Pradhuman outlines the firm’s framing of the current market environment in our latest Market Elevation Podcast. We continue to hold a favorable outlook on equities as we barrel into 2025. Rebounding earnings and the recent change to a risk-on run are likely to remain as fundamentals have been strong and likely to continue. In this episode, we make the case that fundamentals...

In this episode, Satya Pradhuman outlines the firm’s framing of the current market environment in our latest Market Elevation Podcast. Leadership will continue to be stress-tested as a more cyclical market leadership profile settles and the grumblings over NVIDIA’s (NVDA) deceleration in growth become louder. By the first quarter of next year, the Fed will have likely made additional moves in easi...

in this episode, Satya Pradhuman outlines the firm’s framing of the current market environment in our latest Market Elevation Podcast. A combination of solid earnings for the market, notably strong for the AI segments, and easy credit allows for a pro-equity stance. The challenge for managing the portfolio as we close the year are twofold. The first is to smartly navigate the trending influences o...

In this episode, we walk through the outlook for US equities. In short, a very constructive outlook is really set up for us in terms of looking out to the rest of 2024. Part of this has to do with these bottoming of the profit cycle, and also the easy credit backdrop that we see. In addition, we also see a Fed that's likely to be more dovish. The information contained in this Podcast report (...

While fundamentals remain constructive for the 2024 equity market outlook, intra-market rotations abound. The market’s thirst for AI tools and technology investments in 2023 played out in a dramatic fashion. A stabilizing profit cycle coupled with a supportive credit market allows investors to look more broadly at opportunities in equities. In short, while we can foresee some turbulence with a pos...

Soft landing and interest rate risk point to a Value tilt. A rebound in earnings expectations and better-than-expected economic data have been hinting at a stabilization in the profit cycle. While a bottoming profit cycle is critical to a fundamental shift away from Growth to Value, a spike in rates is the accelerant to a break in speculative strategies and the turn to a value-sensitive swing. Lea...

The current run-up in the market appears to be an echo of the Y2K/Internet melt-up. In both periods, we experience a dramatic surge in Technology spending, effectively pulling technology consumption several years in advance, and allowing markets to chase the sector with reckless abandon. In both instances, a sharp break occurs followed by a major dead-cat bounce. Without a recessionary break to dr...

Key Takeaways: -Testing for aftershocks – watching credit and regional bank ripples. -Quality Bet Amplified as Capital Markets “Join” in the Tightening Cycle. - The Sell-side is behind the Curve; Earnings Expectations to Roll Lower before they Bottom. - Fed Offset Limits Rate Risk for the Growth Investor; Growth Strategies Get a Short Reprieve. - Liquidity Model Still Frames a Lower Returns Enviro...

The outlook for US equities in 2023 remains locked in a defensive stance. With sharp reversals seen in the bear market of 2022, excesses are worn down and valuation adjustments allow investors to look more opportunistically in the coming year. In short, 2023 becomes a market of stocks, not a call on a stock market. 2023 is a more nuanced year where fundamentals will continue to matter, a year of l...

Satya Pradhuman outlines the firm’s framing of the current market environment. He walks through the barbell strategy which allows for a slowdown in the global profit cycle, the ongoing challenges with rising energy costs and the struggles of the Fed to contain inflation.  https://cirrus-res.com/ The information contained in this Podcast report ("Podcast") is based on sources we believe t...

We continue our discussion for Part 2 of Market Conversations – When the Market Turmoil Gets Personal: Personal Finance Decisions for Investors. Featuring Maili Wong of Wellington-Altus and Bill Kan of Candent Capital Terms that resonate in this session are “A plan”, “discipline” and “a willingness to adapt.” These are all critical elements that allow for managing through market turmoil.  Topics D...

Market Conversations – When the Market Turmoil Gets Personal: Personal Finance Decisions for Investors. Featuring Maili Wong of Wellington-Altus and Bill Kan of Candent Capital Terms that resonate in this session are “A plan”, “discipline” and “a willingness to adapt.” These are all critical elements that allow for managing through market turmoil.  Topics Discussed in this episode: Introduction –...

Listen to part 2. Investors are uniquely challenged as we struggle, for the first time in many decades, to properly frame a portfolio with both an inflation strategy and a recession posture. As the Fed continues its restrictive monetary policy, it must walk the tightrope between an inflationary jump and a heavy-handed approach leading to a profits recession and possibly a full-blown recession. Our...

Investors are uniquely challenged as we struggle, for the first time in many decades, to properly frame a portfolio with both an inflation strategy and a recession posture. As the Fed continues its restrictive monetary policy, it must walk the tightrope between an inflationary jump and a heavy-handed approach leading to a profits recession and possibly a full-blown recession. Our Barbelled strateg...

In this episode of Market Elevation, part 2, we speak with Ken Chiang, CEO of Redwood Peak.  He offers relevant nuggets on framing the portfolio in an environment where we face possible secular changes in inflation, increased risks to a supportive interest rate backdrop, the efficacies of valuation, and the hunt for growth! Learn more at https://cirrus-res.com/Home The information contained in thi...

In this episode of Market Elevation, part 1, we speak with Ken Chiang, CEO of Redwood Peak.  He offers relevant nuggets on framing the portfolio in an environment where we face possible secular changes in inflation, increased risks to a supportive interest rate backdrop, the efficacies of valuation, and the hunt for growth! Learn more at https://cirrus-res.com/Home The information contained in thi...