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MARKET CHARTBOOK
April 13, 2021
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©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED.
The Good News.. Retail Sales
Source: Lance Roberts
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©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED.
The Good News.. Earnings Revisions
Source: Liz Ann Sonders (Schwab)
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©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED.
How Long Can Earnings Revisions Upwards Last?
Source: Wang, Lu. “St...
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©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED.
Good News.. Inflation In Control
“March #CPI slightly stronger than...
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©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED.
The Bad News.. Wage Inflation Coming?
“Small companies say they're ...
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©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED.
The Bad News.. Supply Chain Disruptions
Source: Jesse Felder
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©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED.
“Fear index VIX drops below 17, lowest level since
Feb2020 amid fre...
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©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED.
The State Of The Market.. Small Traders Leaving
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©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED.
The State Of The Market.. Reason To Be Bullish
“Over 95% of S&P 50...
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©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED.
The State Of The Market.. Bubble & Bullish?
Source: Larry Adam (Ra...
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©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED.
The State Of The Market.. Managers Say Late-Cycle
Source: Jeroen B...
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©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED.
The State Of The Market.. ETF Issuance
Source: Ballentine, Claire....
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©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED.
The State Of The Market.. ETF Inflows
Source: Callum Thomas
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©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED.
The State Of The Market.. Thematic ETFs
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©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED.
Chart Of The Day.. Top Shot Bubble Popped
“If you try and withdraw...
CONTACT US
17
Our Locations:
Austin Office
9020 N. Capital of Texas Hwy
Building I, Suite 345
Austin, TX 78759
Phone: 512-...
DISCLOSURE
Clear Rock Advisors, LLC is registered with the SEC as a registered investment advisor with offices in Texas.
D...
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Clear Rock Market ChartBook

Week of April 3, 2021

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Clear Rock Market ChartBook

  1. 1. MARKET CHARTBOOK April 13, 2021
  2. 2. 2 ©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED. The Good News.. Retail Sales Source: Lance Roberts
  3. 3. 3 ©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED. The Good News.. Earnings Revisions Source: Liz Ann Sonders (Schwab)
  4. 4. 4 ©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED. How Long Can Earnings Revisions Upwards Last? Source: Wang, Lu. “Stock Bulls Bet It All on Earnings Guesses With Troubled Record.” Bloomberg.com, Bloomberg, 10 Apr. 2021, www.bloomberg.com/news/articles/2021-04-10/stock-bulls-bet-it-all-on- earnings-guesses-with-troubled-record?srnd=premium&sref=vuYGislZ.
  5. 5. 5 ©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED. Good News.. Inflation In Control “March #CPI slightly stronger than expected at 2.6% y/y vs. 2.5% est. & 1.7% in prior month; core at 1.6% y/y vs. 1.5% est. & 1.3% in prior month” – Liz Ann Sonders Source: Liz Ann Sonders (Schwab)
  6. 6. 6 ©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED. The Bad News.. Wage Inflation Coming? “Small companies say they're having trouble filling jobs at the fastest pace on record, according to the NFIB's latest March survey. h/t @pboockvar” – Lisa Abramowicz (Bloomberg) What we're hearing: Hiring is breaking down along the lines of the K-shaped recovery, says Joseph Brusuelas, chief economist at tax policy firm RSM.  "While [lower-wage] workers are plentiful, firms are going to find it difficult to recruit workers unless they are willing to pay higher wages," he tells Axios, something large companies especially have shown they are unwilling to do.  "Thus, firms then must choose: Hold down wage costs or substitute technology for labor. Either way, it results in historically low labor force participation rates and employment to population ratio.“ - Dion Rabouin (Axios) Source: Rabouin, Dion. “Axios Markets.” Axios, 12 Apr. 2021, www.axios.com/newsletters/axios-markets.
  7. 7. 7 ©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED. The Bad News.. Supply Chain Disruptions Source: Jesse Felder
  8. 8. 8 ©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED. “Fear index VIX drops below 17, lowest level since Feb2020 amid fresh S&P 500 record and complacent investors.” – Holger Zschaepitz The State Of The Market.. Where’d All The Fun Go? Source: Holger Zshaepitz
  9. 9. 9 ©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED. The State Of The Market.. Small Traders Leaving
  10. 10. 10 ©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED. The State Of The Market.. Reason To Be Bullish “Over 95% of S&P 500 stocks are above their 200-day moving average- the highest level since October ’09” – David Schawel Source: David Schawel
  11. 11. 11 ©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED. The State Of The Market.. Bubble & Bullish? Source: Larry Adam (Raymond James) - “Roughly 75% of retail traders in an E*Trade survey think stocks are in a bubble - 61% are bullish anyway” - Katie Greifeld (Bloomberg) Source: Hajric, Vildana, and Lu Wang. “Day Traders Know a Bubble When They See One, and They Want In.” Bloomberg.com, Bloomberg, 12 Apr. 2021, www.bloomberg.com/news/articles/2021-04-12/day- traders-know-a-bubble-when-they-see-one-and-they- want-in.
  12. 12. 12 ©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED. The State Of The Market.. Managers Say Late-Cycle Source: Jeroen Blokland (Robeco)
  13. 13. 13 ©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED. The State Of The Market.. ETF Issuance Source: Ballentine, Claire. “Record Number of ETFs Launch Into Industry Deluged With Cash.” Bloomberg.com, Bloomberg, 13 Apr. 2021, www.bloomberg.com/news/articles/2021-04-13/record- number-of-etfs-launch-into-industry-deluged-with-cash.
  14. 14. 14 ©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED. The State Of The Market.. ETF Inflows Source: Callum Thomas
  15. 15. 15 ©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED. The State Of The Market.. Thematic ETFs
  16. 16. 16 ©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED. Chart Of The Day.. Top Shot Bubble Popped “If you try and withdraw money from NBA Top Shot you get this message: You will receive access after passing a review on our end. No further action is necessary from you. This process may take 6 to 8 weeks due to heavy demand. We appreciate your patience.” - Michael Antonelli Source: Batnick, Michael. “The Bubble Burst.” The Irrelevant Investor, 7 Apr. 2021, theirrelevantinvestor.com/2021/04/07/the-bubble-burst/.
  17. 17. CONTACT US 17 Our Locations: Austin Office 9020 N. Capital of Texas Hwy Building I, Suite 345 Austin, TX 78759 Phone: 512-735-0222 Dallas Office 4809 Cole Avenue, Suite 345 Dallas, Texas 75205 Phone: 214-923-5756 Kerrville Office 707 Hill Country Dr # 114 Kerrville, Texas 78028 Phone: 830-315-2555 Charles F. Hall, Jr. Chairman Phone: 210-464-1030 Email: chuck@clearrockadvisors.com Ty Sanders Chief Executive Officer Phone: 512-576-1589 Email: ty@clearrockadvisors.com Royce W. Medlin, CFA, CAIA Chief Investment Officer Phone: 214-923-5756 Email: royce@clearrockadvisors.com Royce G. Itschner, CPA, CFP® Managing Director Phone: 830-315-2555 Email: rgi@clearrockadvisors.com Aaron Lang Portfolio Analyst Phone: 469-623-1220 Email: aaron@clearrockadvisors.com Tamra Nix Operations Manager Phone: 830-315-2555 Email: tamra@clearrockadvisors.com ©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED.
  18. 18. DISCLOSURE Clear Rock Advisors, LLC is registered with the SEC as a registered investment advisor with offices in Texas. Different types of investments involve varying degrees of risk. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended and/or undertaken by Clear Rock Advisors, LLC) or any investment-related or financial planning consulting services will be profitable, equal any corresponding indicated historical performance level(s), or prove successful. It remains the client’s responsibility to advise Clear Rock Advisors, LLC, in writing, if there are any changes in the client’s personal/financial situation or investment objectives for the purpose of reviewing, evaluating or revising Clear Rock Advisors, LLC’s previous recommendations and/or services, or if the client would like to impose, add to, or modify any reasonable restrictions to Clear Rock Advisors, LLC’s services. A copy of Clear Rock Advisors, LLC’s current written disclosure statement discussing its advisory services and fees are available upon request. 18 ©2021 CLEAR ROCK ADVISORS, LLC. ALL RIGHTS RESERVED.

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