Table of Contents:

1)  The current de-risking/de-leveraging process still has a long way to go before it comes to an end.

2)  However, a further short-term rally is still quite possible.  (SPX, NDX, IWM, SMH charts.)

3)  The bond market is getting overbought on a short-term basis.  Don’t chase it here.

4)  To reiterate, a reversal in LT interest rates is NOT bullish for stock in a bear market!

5)  The Fed’s tightening policy is just starting to have an impact.  Thus, no soft landing coming.

6)  Crude oil is showing signs that a new rally leg could be dead ahead.

7)  The housing stocks have had a nice run, but they’re due for a pullback.

8)  Gold is overbought near-term, but it has a lot of upside potential intermediate-term.

8a)  The dollar is oversold near-term.  Will it signal an important bottom…or not?

9)  The World Cup..…USC football..…Tiger Woods.

10)  Summary of our current stance….A bear market is a process, not an event.

You don't have access to this post on The Maley Report at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

This post is for subscribers on the Weekend Insights and All-Access tiers only

Subscribe now