A Welcome Relief Bounce, But Don’t Be Too Trusting
While breadth is strong, new lows still outnumber new highs two to one.
Warsh Says Money Is Too Easy, Spiking Odds of a Rate Hike
September hike odds jumped on one sentence about underlying inflation from the Federal Reserve chair.
Scott Bessent’s Surprise Bond Move Helped, But Moderna Does the Heavy Lifting
The indices held up on one biotech breakthrough while the Nasdaq lost ground.
Small Caps Are Where the Money Is Going
The senior indices sold off while the Russell 2000 gained and breadth stayed positive.
This Micro-Cap Just Got Big News: A Deal With Amazon. Here’s How to Trade It
The indexes are hiding a lack of market leadership, but I have spotted an energetic trade.
Chips and Inflation Set Up a Difficult Week
This underreported story is likely the most consequential issue right now.
The Iran War Is Back and Causing Broader Market Weakness
Rotational action has been a safe haven, but it is now under pressure.
Semiconductor Weakness Weighs on the Market
Biotechnology continues to benefit from rotation, but overall corrective action is gaining steam.
2 Types of Rotation Are Driving This Market
The semiconductor sector is under pressure again Tuesday morning following Samsung Electronics’ earnings news.
Positive Seasonality Fails as AI Trade Sees a Shift
The action looked good ahead of the July 4 holiday but then a major shift took semiconductors to the downside.