Technical Analyst, Vermilion Research

Joe Jasper

Technical Analyst

Technical and Quantitative Research

Vermilion Research

Vermilion’s objective is to deliver timely, actionable, and unique technical research to professional investors through the application of our various technical indicators.

Our research strategists seek to highlight securities which we believe are at major inflection points, based on our various technical and quantitative indicators, and offer asymmetric risk/return profiles. Our unique research methodology, centered on relative strength, enables our strategists to deliver superior investment recommendations.

Our process begins by organizing the universe of actively traded stocks into discrete sectors, then into industry groups. We then apply our technical and quantitative tools to identify developing price trends. Once attractive trends are identified within a selected sector or group, we screen for individual stocks which we believe offer the best risk/reward profile. We provide a historical perspective that often reveals, through our long-term charts, how price patterns often repeat themselves over time.

Technical Analysis

<ul>
<li>We are downgrading our long-term outlook to neutral (had been bullish since early-November 2023) due to rapidly deteriorating market dynamics</li>
<li>We still believe the S&amp;P 500 is going through a 1- to 4-month consolidation phase, but odds have increased that this consolidation phase could be a topping pattern.</li>
<li>SPX is initially holding at 5100-5191 as discussed last week, but we're not interested in knife-catching or picking a bottom, want to see stabilization/price discovery before adjusting our still-defensive posture.</li>
</ul>


We are downgrading our long-term outlook to neutral (had been bullish since early-November 2023) due to rapidly deteriorating market dynamics
We still believe the S&amp;P 500 is going through a 1- to 4-month consolidation phase, but odds have increased that this consolidation phase could be a topping pattern.
SPX is initially holding at 5100-5191 as discussed last week, but we're not interested in knife-catching or picking a bottom, want to see stabilization/price discovery before adjusting our still-defensive posture.


Downgrading Outlook on $SPX; Upgrading Real Estate and Staples. Many Significant Risk-Off Signals

Research Firm with a Qualitative Overlay, Pearl Gray Equity and Research

Pearl Gray Equity and Research

Research Firm with a Qualitative Overlay

Quantitative fund & research firm with a qualitative overlay. 

Our coverage: General U.S. with a skew towards the primary sector. 

Methods: Smart Beta/Factor Pricing, Neural Networks, Street Gossip, and Common Sense.

Equity Bottom-Up

Essential Properties Realty / Equity Bottom-Up

<ul>
<li>Essential Properties Realty Trust, Inc. has held up well compared to other REITs this year, suggesting it has unique strengths.</li>
<li>The REIT's cash-on-cash returns have increased, indicating a high rental yield relative to purchase price, but valuation risks remain, according to the REIT.</li>
<li>Essential Properties Realty Trust, Inc. (<span class="ticker-hover-wrapper">NYSE:EPRT</span>), unlike many other real estate investment trusts, or REITs, has held up quite well this year, suggesting it possesses significant idiosyncratic strengths.</li>
</ul>


Essential Properties Realty Trust, Inc. has held up well compared to other REITs this year, suggesting it has unique strengths.
The REIT's cash-on-cash returns have increased, indicating a high rental yield relative to purchase price, but valuation risks remain, according to the REIT.
Essential Properties Realty Trust, Inc. (NYSE:EPRT), unlike many other real estate investment trusts, or REITs, has held up quite well this year, suggesting it possesses significant idiosyncratic strengths.


Essential Properties: Rising Cash-On-Cash Returns, But Beware Of Emerging Risks

United States

Essential Properties Realty Trust, Inc. operates as a managed real estate company. The Company owns, acquires, and manages single-tenant properties that are net leased on a long-term basis to service-oriented and experience-based businesses. Essential Properties Realty Trust serves customers in the United States.

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Essential Properties Realty (EPRT US)

Downgrading Outlook on $SPX; Upgrading Real Estate and Staples. Many Significant Risk-Off Signals

Downgrading our long-term $SPX outlook to neutral (bullish since early-November 2023) due to deteriorating market dynamics; Upgrading Real Estate...

Vermilion Research

Essential Properties: Rising Cash-On-Cash Returns, But Beware Of Emerging Risks

The REIT's cash-on-cash returns have increased, indicating a high rental yield relative to purchase price, but valuation risks remain, according to...

Pearl Gray Equity and Research

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