Iran Escalation and AI Spend Leave Me Bearish Despite All-Time Highs
There can’t be much upside left.
Indices Can No Longer Hide the Damage
There is deep corrective action taking place in parts of the market but there also is strong rotational action.
3 Inflation Drivers Are Making the Market Weaker Than it Looks
Inflation and interest rates drove poor action but things are even worse than they appear.
Rotation Reverses Ahead of Big Bank Earnings
The SK Hynix IPO performed fairly well but sustained momentum will be difficult.
Semiconductors Lead, but the Chip Story Is Changing
Even as semiconductors continue to power the market higher, chip makers face a $1 trillion question.
Poor Breadth, Fading Rotation Reveal Messy Market
The indexes held up reasonably well, but the action under the stock market surface is more concerning.
Semiconductor Weakness Weighs on the Market
Biotechnology continues to benefit from rotation, but overall corrective action is gaining steam.
Samsung’s Blowout Projections Trigger Selling and the Semi Top Could Be in
The world’s largest chipmaker seemed to trigger a surprising stock selloff.
This Is the Complacent Feel of a Mechanical Market
When the flow is mechanical, fundamentals are meaningless.
With Inflation Heading Lower, We Can Expect a Midterm Rate Cut
A combination of lower inflation and improved data sources will push the Fed to cut interest rates soon.