Valentine’s Day: Investors Still Love Stocks

(1) Love (for stocks) conquers all (including viruses). (2) Our 3500 target on S&P 500 is 3.5% from here. (3) SuperCaps leading the way. (4) Latest weekly proxies show revenues and earnings growth picking up—but that was before the virus outbreak. (5) Stocks remain on a liquidity diet catered by the major central banks. (6) Fed’s balance sheet expanding again. (7) GDPNow still tracking north of 2.0% for Q1. (8) Consumers may be stuffed with stuff. (9) Online shopping accounting for over a third of GAFO sales. (10) More single than married people in US. (11) Consumers are saving more.