Pristine Weekend Watchlist 4.21.24

Into the Heart of Megacap Tech Earnings📈

Good evening Team,

Welcome to this week's edition of the Pristine Capital Weekend Watchlist! 👋

In this research note, we’ll cover the following topics in preparation for the upcoming trading week:

• Sector relative strength analysis across multiple timeframes

• Macro Catalyst Watch

• 3 Focus List Tickers

And much more! Let's get started! 👇

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Sector/Style Factor Relative Strength Analysis

The momentum style factor is still the clear YTD style leader despite the corrections in NVDA and SMCI last week. It is nearly impossible for one style factor to sustain continued dominance over the others, so it is no surprise that this style factor gap narrowed👇

The MSOS cannabis theme is leading YTD, XLE energy and GDX are not far behind, highlighting the geopolitical uncertainty the market is grappling with👇

Investors have transitioned to a defensive posture on the 1-month timeframe👇

On the weekly timeframe, KRE regional banks are in the #2 slot, which would not be the case if investors thought interest rates were heading much higher👇