“The S&P at new highs will 'open the door to a 5% to 10% advance over the coming three plus months before enduring another 5%+ decline.'”

 “We are comfortable with this because we believe the market is behaving in a similar fashion to 2021 and 2023 — years where we did not give enough credit to the strength of market momentum, something we are trying to avoid this time around.”

 “Strong trends are made from both bullish patterns working and bearish patterns failing. If there’s one thing that needs to change for the market’s long-term trend to reverse to the downside, it’s that.”

 “Delta has the strongest competitive positioning at all of its key hubs and holds almost a 70-75% market share at its top 6 hubs, where it has deployed more than 50% of its capacity. It has the highest penetration in the premium traffic segment among the three U.S. full-service carriers.”

 “Stronger pricing for semiconductors should fuel another rally for the stock.”

 “It has become clear to us that we underestimated the strength of the market momentum... We believe the market is behaving in a similar fashion to 2021 and 2023 — years where we did not give enough credit to the strength of market momentum, something we are trying to avoid this time around.”

 “In late February we decided to draw a line in the sand with respect to our 2024 S&P 500 price target of 5,100 since we believed market performance had run a little too far, too fast given the significant rebound from the Oct′23 low. Now that roughly three months have passed since that report it has become clear to us that we underestimated the strength of the market momentum... Historical performance patterns suggest continued gains given the level of YTD performance. And while we still expect there to be a more significant pullback at some point, it is likely to occur at a much higher level than we previously anticipated, meaning the eventual rebound will also begin at a higher base.”

 “Roughly a flat return from now until the end of the year... The probability of a multiple expansion, while possible, is less probable.”

 “The market is settling back into the soft landing narrative after softer US jobs data and dovish guidance from the Fed, ECB and BoE.”

 “That flush we had — that minor 5.5% minor pullback we had last month — that was enough and now we’re back to the bull market.”

 “I am starting to see some real FOMO start to develop based on incomings last week.”

 “Roaring Kitty is back, the message boards are going crazy this morning. It is time for a thread.”

 “I think there is upside risk to the US 60/40 portfolio this week.”