--- title: Friday Fast Five - 4/14/2023 description: We aim to help investors separate the news from the noise by providing our perspective. Every Friday the Hodges Capital research analysts list the five most interesting things they discovered that week. Subscribe to receive the Hodges Friday Fast Five in your inbox every Friday. image: https://blog.hodgescapital.com/hubfs/Hodges%20PC%20Clock_Gold%20(002).jpg --- [![Hodges-Logo-1](https://blog.hodgescapital.com/hs-fs/hubfs/Hodges-Logo-1.png?width=215&height=98&name=Hodges-Logo-1.png "Hodges-Logo-1")](https://www.hodgescapital.com/) [![Connect With Us](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/9402040/5025aacb-6e9a-4ab0-8651-1dfa57e962c6.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/9402040/5025aacb-6e9a-4ab0-8651-1dfa57e962c6) ** ** [![](https://blog.hodgescapital.com/hs-fs/hubfs/Hodges-Logo-1.png?width=521&height=237&name=Hodges-Logo-1.png)](https://blog.hodgescapital.com/) [![Connect With Us](https://hubspot-no-cache-na2-prod.s3.amazonaws.com/cta/default/9402040/5025aacb-6e9a-4ab0-8651-1dfa57e962c6.png)](https://hubspot-cta-redirect-na2-prod.s3.amazonaws.com/cta/redirect/9402040/5025aacb-6e9a-4ab0-8651-1dfa57e962c6) ** ** **Menu** ** ** ![Outside 1-1-2](https://blog.hodgescapital.com/hs-fs/hubfs/Outside%201-1-2.jpeg?width=4106&name=Outside%201-1-2.jpeg "Outside 1-1-2") # Hodges Friday Fast Five *"In the investment business, you go to school every day, but never graduate." - Don Hodges*   # Friday Fast Five - 4/14/2023 by [Hodges Investment Team](https://blog.hodgescapital.com/capital-fast-five/author/hodges-investment-team), on June 6, 2023 Five interesting things that Hodges Capital research analysts discovered this week... **#1 ****THE BOX OFFICE IS BACK: **Cinemark (CNK), one of the largest movie theater operators, announced that it experienced its highest day of attendance last Saturday (4/8/23) since Christmas Day of 2019. Theater attendance was driven by strong openings for “Super Mario Bros. Movie” and Amazon Studio’s “Air.” and carry-over from films such as “John Wick: Chapter 4” and “Dungeons & Dragons: Honor Among Thieves.”   **#2 ****GOLDEN STATE TAX CRUNCH: **According to Strategas, California corporate tax collections declined by 80% in March and 38% in the first quarter, an early sign of a profit recession in the State. Nationally corporate tax revenue has remained positive but could turn negative during 2023.**   ** **#3 ****MARKET SENTIMENT: **As investors brace for a macroeconomic slowdown, this week started with the most significant net short position in the S&P 500 futures since 2011. Furthermore, the breadth of the market remains lackluster, with 57% of stocks in the S&P 500 trading below their 200-day moving average.       **#4 ****RUSSIAN POPULATION DECLINE: **A recent article from the Economist has projected that Russia’s demographic challenges worsened in 2022 on a large scale due to falling birth rates, Covid-19, and the Ukraine War. Although official 2022 data is not yet available, 2021 data reflected a half-million population decline.     **#5 ****TIME IN THE MARKET VS. MARKET TIMING: **A study published by Putnam Investments on market timing showed that during the 15 years from the beginning of 2008 to the end of 2022, investors who missed the ten best trading days would have realized a 62.7% lower return than investors that stayed fully invested. **                                                                    **   *Hodges Private Client is a program offered through Hodges Capital Management, Inc. (“HCM”). HCM is an Investment Advisory Firm registered with the Securities and Exchange Commission (“SEC”), is a wholly owned subsidiary of Hodges Capital Holdings and serves as investment advisor to the Hodges Funds. HCM is affiliated with First Dallas Securities, Inc, a broker-dealer, and investment advisor registered with the SEC.* *This discussion is not intended to be a forecast of future events and should not be considered a recommendation to buy or sell any security. Past performance is not indicative of future results. Investing involves risk. Principal loss is possible. Investing in smaller companies involves additional risks such as limited liquidity and greater volatility. No current or prospective client should assume that information referenced in this communication is a recommendation to buy or sell any security or is a substitute for personalized investment advice from your individual advisor. HCM does not provide tax or legal advice. Consult your tax or legal advisor for any related questions.* *All information referenced herein is from sources believed to be reliable and is provided as general market commentary and does not constitute investment advice. This material was created for informational purposes only and the opinions expressed are solely those of HCM. HCM shall not in any way be liable for claims and makes no expressed or implied representations or warranties as to the accuracy or completeness of the data and other information. The data and information are provided as of the date referenced and are subject to change without notice.* ### Hodges Friday Fast Five We aim to help investors separate the news from the noise by providing our perspective. Every Friday the Hodges Capital research analysts list the five most interesting things they discovered that week. 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