What you will see below:
A update on sell-side analyst extremes, both crowded bulls and crowded bearish extremes.
Estimates are crowded and bullish for Refiners, Recreational Products, Apparel & Footwear Retail and Major Telecom. They are too crowded and "washed out" for Forest Products, Agrichemicals, Containers & Packing, Building Products and Trucks & Construction Machinery.
Downward revisions are accelerating for Industrial Specialties, Building Products, Household & Personal Care. Food, Integrated Oil and Steel estimates are looking better with new raises.
See PDF below for discussion and charts on both directions of extremes.
