Bond Yields Break Out as Financials and Commodities Lead
Tech Rotations, Oil at $80 and the Bank of Canada
Breadth Expands as Financials Break Out
Why It’s a Time to Sit Tight and Keep Dry Powder
Underweight Tech, Long Energy: Where Breadth Is Building
Breadth Broadens as Inflation Heats Back Up
It was a decent week. Markets continue to work their way higher, and more importantly, breadth got better, with more stocks participating both here and, increasingly, around the world. The bigger story is inflation: CPI, PPI, and import and export prices all came in hot, which tells us a second wave may be building. That […]
Lower Oil, a New Fed Chair, and Positioning for Reflation
Inflation Data Ahead, Breadth Narrows, SpaceX Comes to Market
Market Breadth, Inflation Risk and the SpaceX IPO
Global Markets Remain Resilient
Markets remain resilient, supported by solid earnings, improving economic data, and positive momentum across global equities. However, leadership remains concentrated and valuations in tech remain historically elevated, so selectivity is important. International markets, commodities, energy, materials, and other inflation-sensitive areas continue to offer attractive risk/reward opportunities, while higher interest rates keep pressure on bonds and […]