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

Technology Select Sector SPDR / Technical Analysis

<ul>
<li>Our outlook remains bearish at the index level considering we have yet to see any developments that suggest a bottom is in. </li>
<li>The S&amp;P 500, Nasdaq 100 (QQQ), Russell 2000 (IWM), and Russell Micro Cap (IWC) indexes remain in downtrends.</li>
<li>In today’s report we highlight attractive Groups and stocks within Materials, Manufacturing,  Services, and Utilities: MA-14 Fertilizer, MF-15 Railroad Equipment &amp; Products, SV-13 Construction &amp; Engineering, Large-Cap, UT-04 Electric, Mid-Atlantic</li>
</ul>


Our outlook remains bearish at the index level considering we have yet to see any developments that suggest a bottom is in. 
The S&amp;P 500, Nasdaq 100 (QQQ), Russell 2000 (IWM), and Russell Micro Cap (IWC) indexes remain in downtrends.
In today’s report we highlight attractive Groups and stocks within Materials, Manufacturing,  Services, and Utilities: MA-14 Fertilizer, MF-15 Railroad Equipment &amp; Products, SV-13 Construction &amp; Engineering, Large-Cap, UT-04 Electric, Mid-Atlantic


Fixed Income and Currency Strategist

Gautam Jain, PhD, CFA

FX & Rates

<ul>
<li>US rates are trapped between inflationary pressures on one hand, and risk aversion and growth uncertainty on the other, with the latter dominating for now.</li>
<li>The previous strong correlation of EM rates with the US has now flipped as they continue to rise even with US rates rallying.</li>
<li>The spread of EM rates to the US is at its widest in a decade but it should remain that way as long as rates volatility remains high.</li>
</ul>


US rates are trapped between inflationary pressures on one hand, and risk aversion and growth uncertainty on the other, with the latter dominating for now.
The previous strong correlation of EM rates with the US has now flipped as they continue to rise even with US rates rallying.
The spread of EM rates to the US is at its widest in a decade but it should remain that way as long as rates volatility remains high.


EM Rates Detach from the US Amid Russian Contagion

Macroeconomic and Investing, The Macro Compass

Alfonso Peccatiello (Alf)

Macroeconomic and Investing

The Macro Compass

Actionable investment ideas and unique global macro insights. From the desk of a former Head of $20 bn Investment Portfolio straight to your inbox.

Actionable Investment Ideas

Macroeconomics

<ul>
<li>We are at important global macro crossroads: Central Banks are trying to remove accommodation from markets to tame inflationary pressures right at a point when the impulse of global growth has lost momentum</li>
<li>Over the last few weeks, bond yields have dropped and yield curves continued to flatten across the board</li>
<li>But the most interesting moves are visible once you decompose nominal yields into <strong>inflation break-evens</strong> and <strong>real yields, </strong>and focus on forward looking metrics and probability distributions</li>
</ul>


We are at important global macro crossroads: Central Banks are trying to remove accommodation from markets to tame inflationary pressures right at a point when the impulse of global growth has lost momentum
Over the last few weeks, bond yields have dropped and yield curves continued to flatten across the board
But the most interesting moves are visible once you decompose nominal yields into inflation break-evens and real yields, and focus on forward looking metrics and probability distributions


<ul>
<li>Our key "lines in the sand" were tested last week, including 4257 on the S&amp;P 500, $334 on QQQ, 33,250 on the DJIA, and $102.50 on the S&amp;P 600 (IJR).</li>
<li>After a brief dip below these levels, buyers immediately stepped up and reclaimed these supports. It was a clear win for the bulls (for now).</li>
<li>Attractive and actionable Groups highlighted include fertilizer (ag chemicals), aerospace/defense, and shipping.</li>
</ul>


Our key "lines in the sand" were tested last week, including 4257 on the S&amp;P 500, $334 on QQQ, 33,250 on the DJIA, and $102.50 on the S&amp;P 600 (IJR).
After a brief dip below these levels, buyers immediately stepped up and reclaimed these supports. It was a clear win for the bulls (for now).
Attractive and actionable Groups highlighted include fertilizer (ag chemicals), aerospace/defense, and shipping.


Volatility & Consolidation Continues; Buying Ag Chemicals, Aerospace/Defense, and Shipping Stocks

Stock Market News, Outlooks, and Top Picks, Cappuccino Finance

Cappuccino Finance

Stock Market News, Outlooks, and Top Picks

Cappuccino Finance, provides Financial vignettes for your cappuccino break!

Fun & informational articles to read in 10 min or less.

<ul><li>Supply chain disruptions, labor shortages, re-emerging virus variants, interest rate hikes…one thing after another keeps disrupting the market.</li><li>The common belief is that war is good for the economy because the increased level of government spending boosts the economy</li><li>In the case of the current Russia-Ukraine conflict, the most immediate impact on the U.S. economy will be the oil price</li></ul>

Supply chain disruptions, labor shortages, re-emerging virus variants, interest rate hikes…one thing after another keeps disrupting the market.The common belief is that war is good for the economy because the increased level of government spending boosts the economyIn the case of the current Russia-Ukraine conflict, the most immediate impact on the U.S. economy will be the oil price

Mid Feb 2022 - Additional Blow to Market Sentiment

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US Treasury (10 Yr Generic) (GT10 GOVT)

Downgrading Technology To Underweight

Downgrading Technology to underweight. Attractive and actionable stocks highlighted: Fertilizer, Railroad Equipment & Products, Construction &...

Vermilion Research

EM Rates Detach from the US Amid Russian Contagion

The spread of EM rates to the US is at its widest in a decade but it should remain that way as long as rates volatility remains high, given the...

Gautam Jain, PhD, CFA

The Bears are Knocking at The Door

We are at important global macro crossroads: Central Banks are trying to remove accommodation from markets to tame inflationary pressures right at...

Alfonso Peccatiello (Alf)

Volatility & Consolidation Continues; Buying Ag Chemicals, Aerospace/Defense, and Shipping Stocks

Moving forward we continue to expect more volatility and consolidation between 4257 and 4590-4595 on the S&P 500, and between $334 and $367 on the...

Vermilion Research

Mid Feb 2022 - Additional Blow to Market Sentiment

It almost seems like the stock investor just can’t catch a break these days. One thing after another keeps disrupting the market.

Cappuccino Finance

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