It was a mixed week in the markets where the S&P 500 rose +0.3% while Nasdaq fell -0.6%. Regarding macro, cautious labor data and hotter inflation figures sparked angst earlier in the week, compounded by re-emerging concerns about AI capex. However, Fed Chair Powell’s Jackson Hole comments were interpreted as dovish, with the market now pricing in a 90% probability of a September rate cut. Read More
There were a few strangler earnings this week (CoreWeave and several China Tech names) but it was nice to not have the onslaught! News flow started to easy but there were several key updates and developments that we focused on this week. Read More
This is certainly a TGIF week. A massive 41% of our LionTree Universe (89 companies) reported this week, so it was earnings prints left and right! The heavy flow, especially on Thursday night, made for a challenging end of the week, but we did our best to cover as many key companies as we were able. The market reaction to earnings in the sector skewed negative as just 44% of companies traded up, while 56% traded down Read More
