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SpearPoint Equity Alpha
SpearPoint Equity Alpha
The Weekly Equity Write-Up: The Economic Print To Economic Print Trading Environment
Weekly Equity Write Up

The Weekly Equity Write-Up: The Economic Print To Economic Print Trading Environment

Staying The Course & Avoiding the Noise

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SpearPoint Management LLC
May 15, 2024
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SpearPoint Equity Alpha
SpearPoint Equity Alpha
The Weekly Equity Write-Up: The Economic Print To Economic Print Trading Environment
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“When I first started out, I did very thorough papers covering every aspect of a stock or industry. Before I could make the presentation to the stock selection committee, I first had to submit the paper to the research director. I particularly remember the time I gave him my paper on the banking industry. I felt very proud of my work. However, he read through it and said, “This is useless. What makes the stock go up and down?” That comment acted as a spur. Thereafter, I focused my analysis on seeking to identify the factors that were strongly correlated to a stock’s price movement as opposed to looking at all the fundamentals. Frankly, even today, many analysts still don’t know what makes their particular stocks go up and down.”

-Stanley Druckenmiller

Big Picture

Powell took hikes off the table and we’re more than 90% done with S&P 500 earnings.... Now all eyes are on CPI.

Before we get to CPI, let’s go over a few things I’m looking at.

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