Research & Data
“Choosing individual stocks without any idea of what you’re looking for is like running through a dynamite factory with a burning match. You may live, but you’re still an idiot.”
― Joel Greenblatt
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Long-Short U.S. Equity Model Signals
Proprietary insights on trend, momentum, credit spreads, volatility measures and market breadth. Weekly commentary on the individual models and the overall picture they present for market risk and opportunity. Click Here To Read Latest Research
Our review of the quantitative “factors” upon which many investment models are built. We dive into which factors are performing and which are not. We track the most relevant: Dispersion, Dividends, Estimate Revisions, Growth, Leverage, Momentum, Quality, Sentiment, Share Buybacks, Short Interest, Size, Technicals, Value, and Volatility. Click Here To Read Latest Research
Proprietary analysis of the S&P 500’s Implied Correlation Index, which shows correlation between stocks in the market’s most widely followed index. Correlations are volatile, and help identify periods when active management, stock selection, and asset allocation (risk control) are paramount. Click Here To Read Latest Research
Which economic sectors are moving, by how much, and why. Includes our proprietary measures of relative strength and trend. Here we provide stock rankings and trade idea generation. Click Here To Read Latest Research
We analyze ETFs that represent asset classes, country stock markets including our trend and relative strength analysis. Here too we also provide rankings and idea generation. Click Here To Read Latest Research
Reviews and analyses of selected FlowPoint investment themes such as our Stay At Home Index, our Reopening Index, cybersecurity, financial technology and shorting the private prison operators.
The U.S. economy is a $19 trillion source of constant change, both secular and cyclical. Demographic, regulatory, technological, economic, social and political forces constantly unleash challenges (Short opportunities) and opportunities (Long positions).
FlowPoint invests in innovation and “creative destruction” in corporate trends, emphasizing winners and losers in security selection. Not every investment theme we research is represented in the portfolio at all times – fundamental economic trends don’t always coincide with stock market opportunity. Click Here To Read Latest Research
Market-neutral trading concepts that make use of creative destruction in our competitive economy or correlation convergence and divergence. For example: Long fintech/short banks. Click Here To Read Latest Research
A Few of Our Favorite Ratios
In this section we track the messaging from a few of our favorite ratios tracking asset allocation and style boxes. Click Here To Read Latest Research
FACTOR WATCH FOR JULY 27th, 2020
Summary The week ended July 24, 2020 saw the S&P decline 1.06% and the index now stands about break-even for the year. Tech led the downturn last week including Intel, Citrix and Tesla all declining more than 10%. The market executed a “dash to trash”, scooping up...
THE “REOPENING STOCKS” LOVE VACCINE CHATTER – ON THE HORIZON?
Summary The week ended July 17, 2020 saw the S&P rise 2.1% in a broad-based rally. For example, every stock in the S&P 500 Health Care, Materials and Utility sectors rose, and only one stock in the Industrial sector fell during the week. Overall, 90% (448 of...
PLUNGING VOLATILITY REMAINS UNDERAPPRECIATED
Summary: As previewed in our June 2 note (“Volatility is on the cusp of another “Buy” signal for stocks) another new signal in our models was triggered last week. Our Trend1 model is a trend-following model we apply to credit spreads, volatility, indexes and other...
BIG WEEK UPCOMING FOR THE BANK STOCKS. VALUE FACTOR HANGING ON BY A THREAD. KICKSAVE?
Summary During the week ended July 10, 2020 which saw the S&P move up by 1.76%, only 30% (154 of 500) of stocks in the S&P 500 rose; the average winner was up 2.1%, led by Netflix, Twitter and Wal-Mart which all rose more than 9%. Clearly the S&P...
VALUE “COMEBACK” LAST WEEK. SUSTAINABLE, OR DEADCAT BOUNCE?
Summary During the week ended July 2, 2020, 77% (385 of 500) of stocks in the S&P 500 rose with the average winner up 2.6%. The 115 losers lost an average of -1.6%. Real Estate, Communication Services and Health Care led the upside.The most effective quant...
BUYBACK KINGS ROLL OVER
Summary Once again, stocks of companies with high debt, volatile share prices, “value” measures and high buybacks fared the worst of the U.S. market the week ended June 26, 2020.Reversing course, 93% (467 of 500) of stocks in the S&P 500 declined during the week...
Summary 86% (432 of 500) of stocks in the S&P 500 rose during the week ended June 5, 2020. The “reopening” theme continued to gain steam, and financial leverage was the dominant factor. The highly indebted Oil Services group led the way, up 29% for the week,...
THE U.S. DOESN’T EXPERIENCE LOW-VOL BEAR MARKETS
The Q2:2020 plunge in Volatility is Underappreciated. Is a New Low-Risk Bull Underway? Summary: As previewed in our June 2 note (“Volatility is on the cusp of another “Buy” signal for stocks, just barely hovering above the 24% annualized figure that keeps this signal...
FlowPoint Research – FACTOR WATCH Summary 91% (455 of 500) of stocks in the S&P 500 rose during the week ended May 29, 2020. The “reopening” theme was evident. For example, the top 50 performers in the S&P 500 included cruise lines, hotels, banks, REITs and...
PROPRIETARY INSIGHTS ON TREND, MOMENTUM, CREDIT SPREADS, VOLATILITY MEASURES AND MARKET BREADTH
FlowPoint Research – Long-Short U.S. Equity Model Signals Summary One by one our model signals are starting to register green shoots for stocks. The most recent signal change is the decline in credit spreads (bullish for equities). On May 20, BBB spreads...