“Davidson” submits:
Q2 2022 hedge fund letters, conferences and more
Transport issues report surprisingly strong quarters with raised guidance, FDX, XPO, GXO and KNX are current suggestions. Mfg New Orders for Motor Vehicles/Parts has ticked to all-time highs. The Trucking Tonnage Index(TTI) is in an uptrend. Vehicles and parts remain in high demand, AMOT, CPS, CWH, THO and LCII which are related to consumer demand remain current suggestions. Signs are present that professional investors have hedged more than any time in past cycles. It is worth repeating the cash vs equity allocation is at levels higher than 2008. When one adds all these pieces together, the over-the-top recession fear baked into prices is about as overdone as carbonized toast.
When this sentiment turns, it is likely to be a quick turn with equities rising sharply. Adding to existing positions is recommended.
