Caution, Commodities, and Global Rotation
We are focused on and conscious of the risks posed by geo-politics and cautious as markets continue to show signs of strain. US equities, particularly large-cap technology, have weakened, market breadth has narrowed, and fewer sectors are holding up in established uptrends. At the same time, long-term interest rates remain elevated, which continues to tighten […]
Market Risk, Energy Strength, and Higher Cash
Navigating a Narrowing Market
Long-term market conditions remain constructive, but near-term signals have become more fragile. The S&P 500 remains in a long-term bull market, and several international markets continue to show early-stage secular strength, yet breadth has weakened across the U.S., Canada, and global markets. Fewer stocks are participating in advances, leadership has narrowed, and major indexes have […]
Navigating Market Volatility: Where Opportunity Lies
Markets Signal Rising Uncertainty as Energy Leads
Capital Preservation in a Headline-Driven Market
In this week’s webcast, we focus on risk management in a market defined more by geopolitics and energy flows than by traditional macro drivers. We maintain a capital preservation stance, hold above-normal cash, monitor positions closely against key support levels, and avoid redeploying capital indiscriminately in a volatile environment. The Strait of Hormuz is the […]
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 […]
Global Stocks Lead as US Breadth Narrows and Energy Surges
The US market remains in a secular bull that begins in 2013, and the S&P continues to work higher over time while staying well above the 200-day moving average. Near term, the S&P chops sideways from early December into late February, with seasonality in the back half of February often less supportive. Under the surface, […]
Market Crosscurrents: Rotation, Breadth, and Risk
Markets have been choppier in February, with volatility picking up and leadership diverging beneath the surface. The S&P 500 is down about 1.5% for the month and roughly flat on the year, and it has moved below key shorter-term moving averages.
Caterpillar, Gold, and Energy Stocks to Watch
