Contents:
Changes to Research
Macro Update
Macro Screen Results
ARTAIS AI Universe Screen Results
Changes to Research
I’ve decided to start publishing my research on a daily basis. Each day will have a specific focus:
Monday: The Week Ahead - Potential market-moving catalysts (news, earnings, data, etc.)
Tuesday: Macro Watch - Macro themes that are driving the market.
Wednesday: Sector Watch - Sector rotation, leadership, and where the next opportunities may emerge.
Thursday: AI Model Update - An update on my AI-themed model.
Friday: The 30,000 Foot View - An opinion/observation piece on the themes driving the market/economy.
Each day, I will also include the names within my AI Universe (companies involved in the AI theme) that pass or fail my screen. These are not just technology companies, but companies across various sectors that are benefiting from the growth in AI.
Macro Update
Large-cap growth stocks continue to lead as investors shift back into tech and AI-themed stocks:
Despite weakening breadth and a new warning from high-yield bonds (see Monday’s research report), equity investors are still “risk-on.”
High-beta and growth stocks are showing improving momentum and relative strength vs value and low-volatility names:
From my perspective, there are two competing narratives among investors: history vs rising yields in the US Treasury market.
Inflation and spending worries have caused yields to skyrocket since early spring:
