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Weekly Chartology

Tyler Durden's picture




 

As David Kostin points out: "Bottom-up consensus forecasts a 38% increase in 2010 to $78, and a 21% increase in 2011 to $95." To achieve that it means the fiscal and monetary stimulus piggy bank will be on overdrive for the next two years, and the Fed's balance sheet will add another coupld of trillion before it is all said and done. Also, whoever followed Goldman's Advice is up 0.04% for the year: "Our recommended sector weightings have generated +4 bp of alpha YTD. Our overweight recommendations (Energy, Materials, Info Tech) have generated -22 bp of alpha while our underweight positions (Health Care, Consumer Staples, Utilities, Telecom.) have generated +26 bp of alpha." What is most curious is that the S&P is beating everyone: hedge and mutual funds included. Just who is profiting from this endless rally aside from a select few momentum chasing quants? "S&P 500 has returned 7% YTD but most investors trail the index. Hedge funds have suffered from short positions and returned 2% in 1Q. Core mutual funds returned 5% reflecting underweight positions in Consumer Discretionary which surged 14% in two months, twice the market rebound. We include text from Michael Moran’s note on tax write-offs from health care reform and its implications for corporate behavior."

 

 

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Sat, 04/10/2010 - 19:13 | 294967 marginnayan
marginnayan's picture

Hey! What about performance of IBs prop desks and HFT only hedge funds? They should be up at least as much as SnP or more for Q1 2010.

Does any one have performance data for Q1 2010 for HFT only hedge funds and prop desks that are pumping this fake bull market along with Bernanke and Obama? LOL.

Sat, 04/10/2010 - 19:15 | 294973 RobotTrader
RobotTrader's picture

Biggest gainers reported in IBD:

Sat, 04/10/2010 - 19:29 | 294985 spekulatn
spekulatn's picture

42 days since the S&P 500 has pulled back 1% or more, per Bespoke Investment Group.

http://www.bespokeinvest.com/thinkbig/2010/4/6/42-days-and-counting.html

 

H/T>>>  http://pragcap.com/

Sat, 04/10/2010 - 19:58 | 295006 Careless Whisper
Careless Whisper's picture

you can wipe ur ass with that goldmanscum portfolio strategy.

Sat, 04/10/2010 - 21:27 | 295065 Edna R. Rider
Edna R. Rider's picture

Anyone who owns SPY is killing it.  I am guessing the massive funds, hedge funds, and of course JPM, GS, et al.  They simply won't let SPY fall.  Why trade actual stocks or even bonds if you can make 7% every several months just by hanging onto a very liquid ETF.

Sat, 04/10/2010 - 21:36 | 295072 Tart
Tart's picture

"... the S&P is beating everyone:....  Just WHO is profiting from this endless rally aside from a select few momentum chasing quants? "

 

Well I've been reading zerohedge for a few months now and my best guess is Liberty 33 is up 7%.

Sat, 04/10/2010 - 22:24 | 295098 jory
jory's picture

SPY up 7%, Gold up 4%.  LOL!!!

Sat, 04/10/2010 - 23:31 | 295147 Fritz
Fritz's picture

Goldman is a bucket shop.

 

Sun, 04/11/2010 - 11:49 | 295408 JW n FL
JW n FL's picture

http://www.hedgefund.net/hfn_public/marketing_index.aspx?template=realti...

Performance looks stale.... save the upper 1% which seem to be earning over 100% YTD...

Mon, 04/12/2010 - 01:02 | 295985 Grand Supercycle
Grand Supercycle's picture

 

The bear market rally wants to continue for a bit longer ... 

DOW/SP500 daily bull signals from Friday 9 April continue.

http://www.zerohedge.com/forum/latest-market-outlook-0

Do NOT follow this link or you will be banned from the site!