The Summer Doldrums: August 2023 HANDLS Monthly Income Report
The Nasdaq 5HANDL Index was up 7.3% through the end of August, versus returns of 8.3% and 10.8% for the Nasdaq 7 HANDL Index and Nasdaq 10 HANDL Index, respectively.
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10 posts
Have Stocks Already Priced in the “Economic Boom?”
The media is buzzing with claims of an “Economic Boom” in 2021. While the economy will most certainly grow in 2021, the question is how much is already “baked in?”
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U.S. Retail: The Realities and Opportunities in a Changing Landscape
America is over-retailed with well over 1,100 malls across the country and thousands more strip-shopping centers. Many of these malls and centers are in physical decline and are filled with irrelevant brands that sell products and services that are no longer important. The retail cleansing had already begun before the Covid-19 pandemic, but the process has been accelerated dramatically.
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ReSolve’s Riffs with Jason Buck on Slaying Dragons and Tail Risk
Every time equity markets experience a major selloff, investors’ attentions are drawn to the handful of strategies that actually benefitted from the event. So-called crisis alpha comes in many flavors and iterations, which further complicates the allocation decision.
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The Biggest Pipeline Companies Are Doing Well
Last week Enbridge (ENB) and Enterprise Products (EPD), North America’s two biggest pipeline companies, were among those reporting earnings. Both beat expectations – ENB reported 2Q EBITDA of $3,312MM versus $3,155MM, helped by strong results in natural gas transmission.
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Pipeline Opponents Help Free Cash Flow
Several major pipeline developments last week might well represent a key turning point in how the industry operates. Berkshire Hathaway (BRK) acquired Dominion Energy’s natural gas pipeline and storage assets…
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What Happens After the Crash, V-Shaped Recovery? The Stagnation Phase
Key Points • Stock markets often over-react, the truth mostly lives in the middle. • We have likely begun the stagnation part of our economic reality. • Higher than average…
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Pipeline Investors Welcome Less Spending
Most energy investors wish the Shale Revolution had never happened. Energy independence was realized through sharply higher oil and gas output. But the promise of similarly bountiful investment returns was…
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Credit Markets – What’s Priced In?
The headlines are still unnerving and volatility remains a worry. Many asset classes have yet to recover and countless investors fear additional losses. Fundamentals, investor positioning and sentiment are all conveying mixed signals.
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Who’s Left to Buy? Oil Longs are Nearing Extremes
“From a fundamental perspective, the balance of risks in the oil market is arguably still tilted towards the upside, with production problems multiplying and continued growth in consumption. "
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