The editor of the MacroTourist newsletter sees a possible short-term bottom amid thick-as-fog bearishness out there.
Stocks are bouncing around on the 100th day of trading this year, with the Dow and S&P 500 headed for the worst annual start since 1970 and the Nasdaq its worst ever.
Muir says he’s headed to the sidelines with many of his “dark side bets,” some of which have hit his targets. Ackman is known for going big or going home positions, and at times, he’s done the latter. Some agree with Muir here: Instead, industrials and defense stocks are on his radar. “I think we’re going to spend the next 5 years rebuilding our capabilities in this country to make our own semiconductors and be energy independent, and quite frankly to fighting wars again,” said Brown. To play this he owns iShares U.S. Aerospace & Defense ITA, +0.61%.The buzz Investors will be looking for interest-rate clues from the Fed minutes of the May 3-4 meeting due at 2 p.m. Eastern. Ahead of that, data showed U.S.
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