CLIENT TALKING POINTS
ATH's
While mainstream media has been reluctant to give Trump any credit for the all-time highs (ATHs in SPX, Nasdaq, Russell), we think the data accelerating deserves most of the credit – the New Orders component of yesterday’s ISM ramped to 65 in FEB (vs. 60 in JAN) – that was youge!
EPS
Trump didn’t make last year’s Earnings Recession go away – easy Obama compares did! 483 of 500 companies in the SP500 have now reported an aggregate (non-GAAP) year-over-year EPS acceleration of +6.1% (best growth rate of the reporting period).
UST 2YR
Finally the Fed agrees with us that they were A) behind the curve and B) need to raise rates faster – UST 2yr Yield = 1.29% is right back to its post Trump Win highs… and if we’re right on 2H of 2017 GDP #accelerating, this rate rise is just getting started.
Asset Allocation
| CASH | US EQUITIES | INTL EQUITIES | COMMODITIES | FIXED INCOME | INTL CURRENCIES | |
|---|---|---|---|---|---|---|
| 3/1/17 | 30% | 21% | 14% | 13% | 0% | 22% |
| 3/2/17 | 29% | 21% | 14% | 13% | 0% | 23% |
Asset Allocation as a % of Max Preferred Exposure
| CASH | US EQUITIES | INTL EQUITIES | COMMODITIES | FIXED INCOME | INTL CURRENCIES | |
|---|---|---|---|---|---|---|
| 3/1/17 | 30% | 64% | 42% | 39% | 0% | 67% |
| 3/2/17 | 29% | 64% | 42% | 39% | 0% | 70% |
THREE FOR THE ROAD
TWEET OF THE DAY
Cartoon of the Day: All-Time High app.hedgeye.com/feed_items/576
@Hedgeye
QUOTE OF THE DAY
“While you’re sitting there thinking about it someone else is out there doing it.”
-Rodger Halston
STAT OF THE DAY
Wade Boggs had 9,180 at bats during his 18 year career.
