
Over a 30-year career as a sell side analyst, John covered the structured finance and credit markets before serving as a corporate market strategist. In recent years, he has moved into a global strategist role.
Over a 30-year career as a sell side analyst, John covered the structured finance and credit markets before serving as a corporate market strategist. In recent years, he has moved into a global strategist role.
Equities | US
John Tierney
We are unwinding long positions in industrials (XLI) and materials (XLB). Both have outperformed the S&P 500 since inception on April 2022.
John Tierney
Our long/short ETF model portfolio is up a modest 2% since inception, and 11% excluding the difficult clean energy sector. Clean energy ETFs hold some Chinese companies, which could recover if the reopening takes hold.
John Tierney
Equities continue to trade sideways as company outlooks point to a demand increase in the coming months. About 125 companies report this week, including Microsoft and Tesla, several airlines, and several major industrial corporations.
John Tierney
The CPI data and first batch of earnings came in as expected, and the market rallied modestly – but it was not a game-changing week.