All Access Week

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At Prometheus, we are committed to equipping our clients with the most granular, high-frequency, and actionable understanding of macro conditions in the industry. We offer our clients a range of research solutions, from big-picture macro themes to actionable trading signals. In the spirit of giving back to the community, we are excited to offer an All-Access week in our Institutional Services. Each day this week, we will unveil one product offering from our extensive Institutional Offering. If you’re interested in institutional access, please contact us at [email protected].

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Today, we share a note from The Observatory. The Observatory is how we at Prometheus monitor the evolution of the economy and financial markets in real-time. The insights provided here are slivers of our research process that are integrated algorithmically into our systems to create rules-based portfolios.

Our primary takeaways are as follows:

  • Motor vehicle sales increased recently, driven by declines in production and inventories.
  • Increasing motor vehicle sales are consistent with broader strength in nominal activity and robust business cycle conditions. Looking forward, we expect the motor vehicle complex to remain stable.
  • Relative to these expectations, equity markets continue to have price-earnings outcomes consistent with a continued acceleration of growth. Without a significant divergence between price and fundamentals, odds continue to favor equity gains. Our strategies continue to maintain long exposure to equities.

You can read all the data and analysis driving this assessment in the link below. Until tomorrow.

The Observatory- 05.30.2024

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