Markets in Motion: Volatility, Commodities, and Positioning
Markets have started the year trading much like they ended last year, with broader participation and strong relative performance in commodities and industrially linked areas alongside improved results outside the US. January saw significant bullish flow, but last week brought a sharp volatility shock across commodities, including large swings in oil and natural gas and […]
Earnings in Focus: Celestica Sells Off, Meta Gains, Tesla Reverses
Celestica traded lower after earnings despite reporting strong results, including beats on revenue and expectations, solid operating margins, and 64% year-over-year growth in its connectivity and cloud solutions business. The selloff appeared larger than what the earnings report alone would suggest, and the focus was on waiting for the stock to stabilize and identify key […]
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 […]
US Defense Budgets Lift Aerospace and Industrial Stocks
James Callahan of Barometer Capital Management discusses Northrop Grumman’s latest earnings, the broader outlook for US defense contractors, and how rising defense budgets and key nuclear programs are shaping long term prospects across the sector. The conversation also covers Boeing’s improving delivery trends, General Motors’ earnings strength despite a weak auto market, and why […]
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 […]
Positioning for a Shifting International Equity Cycle
Market Leadership Shifts as Breadth Strengthens
Market leadership is shifting toward financials, industrials, and materials as global breadth improves and inflation linked sectors gain strength. Precious metals, copper producers, and diversified miners are breaking out, supported by rising commodity prices and renewed liquidity. International markets continue to outperform in many regions, and cyclical sectors are showing healthier technical setups than defensive, […]
Royal Bank Surges on Earnings Beat and Dividend Hike
