There comes a time in any economic cycle when inflation can roll over and begin a period of deflation. We’re at that point now, and just to make things interesting, we’re in the middle of a “Goldilocks” run in stocks. That makes now the perfect time to look at industries and assets that tend to
Stocks just keep going up. The S P 500 is knocking at the psychologically important 5,000 level - an all-time high and a nice, big round number. So why do I feel uneasy? I think the market is really just fixated on the prospect of upside and is turning a blind eye to some significant risks
Markets are starting to come off their recent all-time highs, but it’s the tech-heavy NASDAQ that’s actually the most concerning right now. Tech, which led the markets last week, is starting to give up its leadership position, with chipmakers like Nvidia and AMD coming under pressure. With that said
The Magnificent Seven propelled the markets virtually the whole of last week, despite weakness creeping in around the edges. At the same time, we saw monster volumes in the bond market as the smart money nervously eyed the exits. Stocks have drifted slightly lower at the beginning of the week, thoug
Virtually all week, we saw a surge in bonds - the classic signal of a “flight to safety” and a warning that all hell’s about to break loose in stocks. We saw the entire market fixate on tech and its stellar earnings - tech is the market right now. Jobs numbers sparked an explosion in
There have been a huge number of layoffs issued recently - 61,000 notices impacting nearly 7 million workers. That’s not something the economy can just shrug off - and the markets are going to have a hard time grappling with it, too. Here’s why
There are some immense bond trades underway right now. That’s because the smart money is bailing out of the S P 500 and fleeing tech. These moves scream “defense!” and we’d be wise to pay close attention. Duck and cover - money is running scared
The intermarket deterioration pointed out last week has worsened, and now at a sector level, semiconductors and tech are starting to display weakness as well. Energy has popped up nicely going into the FOMC rate decision, which could be another warning sign for equities over the next couple weeks.
The S P was unrelenting as it closed near the high of the day. While today was quietly rising, the coming days may prove to be perilous. With mega cap earnings reports from $MSFT, $AAPL, $AMZN, $GOOG, $META and others, the FOMC policy statement and jobs appear to be small potatoes. This will be a pi
