Senyek’s Valuation & Thematic Stock Baskets

研报英文原文证据摘录

Senyek’s Valuation & Thematic Stock Baskets

Macro Research

Portfolio Strategy

Accounting and Tax Policy

Special Situations

June 15, 2026

Key Points

The Warsh Era Begins. Markets were back to their winning ways with the S&P 500,

NASDAQ-100, and Russell 2000 returning +0.7%, +2.4%, and +3.9% respectively. An

intraday reversal over the back half of the week was brought about on the back of positive

news surrounding a resolution with Iran and SpaceX’s record setting IPO. All eyes will be on

the FOMC meeting this Wednesday as the Kevin Warsh era begins. As we have noted,

markets like to test new Fed Chairs, and our sense is that his comments on inflation, the

balance sheet, and potential changes at the Fed will all be highly scrutinized. With headline

CPI running at 4.2%, the highest since 2023, particular attention will be paid to his thoughts

on whether higher energy prices will the pass through to core inflation.

Thematic Stock Baskets. Our thematic baskets center around key macro themes, short ideas,

special situations, U.S. consumer, etc. For an overview of these thematic and macro baskets,

see page 33.

Top and Worst Performing Baskets YTD. Our top performing baskets YTD have been Spin-

offs 38% and Reshoring 30%. Worst performing baskets are Short Hits -1% and High-End

Spending 3.5%.

Favorite Short Basket: Short Hits List. Our Shorts ‘Hits List’ identifies stocks appearing

most frequently on our 17 favorite monthly short screens, which include metrics around

valuation, earnings quality, capital creation, capital allocation, and sentiment. This basket is

down ~1% YTD.

Most Defensive Basket: Consistent Buybacks. In a volatile market environment, our favorite

long basket to express a defensive view is Consistent Buybacks. This basket comprises