Elazar was launched in 2004 by Chaim Siegel and has served famous hedge fund clientele who demand a keen understanding of drivers of individual companies and financial markets. Chaim twice worked for renowned trader Steve Cohen of then-SAC Capital (now Point72). He was also a partner at JLF Asset Management which was funded by George Soros. Previously he was one of seven analysts on a $13B mutual fund at Morgan Stanley Asset Management. Elazar Advisors publishes its research into the Reuters/Refinitiv Institutional Platform and Factset where Elazar's earnings estimates are factored into the Street earnings numbers.  Elazar's research is used regularly by fundamental and algorithmic traders and investors at some of the largest mutual fund and hedge fund managers in the world. Chaim has been a 5-Star top ranked analyst in Tesla and other big cap tech companies. Try us with a  free trial here . All investments have many risks and can lose principal in the short and l

Morning Stock Market Call (VIDEO)

We wanted to do a quick review of our thoughts on stocks, bonds, gold and the dollar this July 3rd morning.
(Scroll Down)





Morning Call Video



LONG TERM BULL MARKET IN THE MAKING

Bull Market 2017
Source: Macrotrends

To the left you have a century of Dow Jones trading action here. We've had two 16-17 up-cycles and we could be in the third. We've had the breakout as confirmation.

EQUITY COVERAGE
We have put several new sections for you to follow publicly (Stock PicksEarnings CalendarEarnings Models). Please let us know any feedback or if you have any questions.

S&P 500: BULLISH 
Today is a half day. Markets close at 1PM.
There is seasonality that hits markets into July 4th and historically can make a low for the year. (See here)
We're excited about speaking to companies because it helps a lot to have a feeling what's going on at a company level in the economy. Businesses are doing well and gradually picking up globally, in general which is a great reason for markets to be bullish.
As for SPY, we really like our May 22nd medium term entry on the long side. We have some conviction that the level can hold for the year.  That's a big call. We'll see.
GOLD: Turning Bearish
We're turning short term bearish on gold. Using the ETF GLD there is a break of the uptrend. The economy and earnings have been picking up. The Fed is also being hawkish despite weak inflation data in CPI and PCE Price (Friday's report). Higher rates and low inflation are not gold's friend.

If our bearish call is correct it may also hint that equity markets want to go higher.
BONDS: BEARISH
Bonds should be going down. There will be a battle because many Baby Boomers are not getting rid of their bonds so fast. Plus inflation has been weak and many still aren't sold on the economic pickup sustaining.
In the meantime we love the rejection of the breakout. We think that's meaningful.
We are of course also more bullish than most that the economy is going to sustain a multi-quarter, maybe multi-year uptrend.
DOLLAR: NEUTRAL 
We had a decent stop loss in the dollar because it's kept going lower. We have no opinion except maybe it’s over done but it's not our style to buy securities that are falling.


By: Chaim Siegel, Elazar Advisors, LLC

Sign up for free email alerts.

Enter your email address:


Delivered by FeedBurner

Sign Up To Get Select Tech and Market Calls From Us, Free To Your Inbox

Contact Us

Name

Email *

Message *