Valens Equity Weekly Insights and Inflections for November 16, 2021
Company Specific Highlights & Insights:
A, ABNB, ALLE, AYI, CI, DG, EOG, EXC, GNTX, HCA, HOOD, OKTA, PAYX, PEP, PLTR, PXD, RBLX, SNAP, UNH, WBA
Aggregate ECF™ Trend Analysis:
Management confidence moderated significantly through 2021, after showing very bullish signals in the back half of 2020, coming out of the worst of the pandemic shutdown. Into August, the index appeared to be inflecting more negatively, but has since reversed in October, signaling management pessimism was only temporary.