Last week I was listening to an analyst talking about small caps.
He basically poo-poo’d their importance and therefore influence on the overall market conditions.
Now, this is our Granddad Russell-the representative of stuff made in the USA.
He went …
Looking at the monthly charts of the four major indices, all but the Russell 2000 as we hit mid-June, trade above their 23-month moving average.
Thus far, this is in line with our prediction that by the time IWM hits …
The U.S. trade deficit widened to a 6-month high and by the most in 8 years.
That means that we imported way more goods while our exports declined.
Now, we don’t like to use one economic stat as the end …
Just like the entire month of May when folks were saying “Sell in May and go away,” not us..
We were telling you that the Big View Risk Gauges were all pointing to risk on.
However, before that, on March …
Apple, Nvidia, Meta, Alphabet, Microsoft, Amazon, and Tesla have now been penned as the “Magnificent 7.”
Only around 25% of the S&P 500 stocks have outperformed the benchmark, while these stocks continue to show massive leadership.
The Nasdaq is up …
Last week we asked, “Can the Retail ETF XRT hold here?”
We wrote that the Consumer Sector ETF had some words for you.
To summarize:
Tuesday’s Daily was all about the metals.
Wednesday, gold, miners, and silver all rallied.
Is the bottom in on this last correction?
Perhaps.
Two interesting areas to watch now are the one-year PCE rate-adjusted.
And the retail sector-now on critical …
In gold futures, we were looking for a correction to around $1940 an ounce.
The June contract fell to $1932.
Now, it closed on the exchange at $1958.
Plus, it had a new 60-day low and potential reversal pattern.
The …
This past week, we have written a lot about tech (another AI generated photo), the discordance between the small caps and large caps, rates, debt ceiling and the Fed.
For this weekend, we want to invite you to have a …
Paying attention to the media and all the fearmongering around the debt ceiling, we can see the results to both the futures and stock markets.
I want to take a rare U-turn from technical signals (after this week focusing on …
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