Breadth Weakens as Energy and Industrials Lead
Market conditions deteriorated this week as breadth weakened across regions and sectors. The percentage of stocks in uptrends fell. About 10% of NYSE stocks gave point-and-figure sell signals. The share of stocks above their 50-day moving averages dropped sharply. Major indexes stayed within longer-term uptrends, but leadership narrowed and risk rose as correlations threatened to […]
Equities Hold Steady as the Dollar Weakens
Equity markets continue to hold firm, with the S&P 500 at new highs, but leadership is becoming more broadly distributed. Earnings are coming in slightly ahead of expectations, with improving momentum outside the US. Mega cap stocks have lagged year to date, while smaller capitalization stocks and economically sensitive sectors are showing stronger participation as […]
Opportunities Are Expanding Beyond the Headlines
Markets continue to reflect an early-stage, broadening bull market, driven by expanding participation rather than narrow leadership. Headline indices such as the S&P 500 and NASDAQ 100 remain constructive, but equal-weight measures outperform, signaling that the average stock is doing better than the largest names. Market breadth expands across global equities, correlations fall, and capital […]
A Strong Start to 2026 as Equity Leadership Broadens
In our first webcast of 2026, we review market conditions from a top down perspective and note improving breadth across global equities. The percentage of stocks in established uptrends has been rising, and the equally weighted S&P 500 making new highs indicates broader participation beyond the largest companies. Leadership has shown signs of rotation toward […]
Markets Broaden as Financials Lead and AI Adopters Emerge
Market leadership continues to broaden as economically sensitive sectors gain traction. Financials remain the strongest global leadership group, supported by improving breadth, stable credit conditions, and firm relative performance. Industrials, materials, transportation, and metals producers are also showing expanding participation, signaling a healthy cyclical advance rather than a narrow, mega cap driven market. Inflation sensitive […]
Fed and BoC Signal Easing as Inflation Persists
Central banks are beginning to shift gears. The Bank of Canada has already moved to lower rates, and the Federal Reserve is widely expected to follow as policymakers respond to signs of slowing growth and rising debt concerns. Inflation has eased from previous highs but remains above target, keeping markets on alert. Liquidity continues […]
Markets Tighten as Commodities and Financials Lead
Global leadership continues to evolve, with strength emerging across select sectors and regions while U.S. market breadth tightens. We remain focused on quality, dividend growth, and disciplined positioning as shifting trends create new opportunities for active investors. Key Points: Breadth in the Market is Narrowing Market breadth has weakened, with fewer stocks […]
Global Equities Rise, Inflation Plays Advance
Shifts in breadth, emerging strength in leaders
Markets are shifting beneath the surface, with leadership concentrating in a select group of strong performers. Strategic adjustments this week reflect a focus on resilience while staying prepared for what’s next. Key Points: Breadth Narrowing, but Select Leadership Emerging From last week to this week, 6% of stocks moved from uptrend to downtrend, with a […]
Top Stock Picks: GE, Agnico Eagle, and Imperial Oil
