New Record Highs! Is it a Problem that the Market is Pricing-in Zero Risk of a Geopolitical Crisis?
Table of Contents:
1) A second great week for the stock market. We’ll be watching the small-caps for further clues.
2) The Middle East crisis is starting escalate at a faster rate…and the markets are ignoring it.
3) The energy stocks look very attractive after 4-5 poor months…especially with what’s going on in the Middle East.
4) Some investors see more risk in FOMO…than the do in geopolitics. Should we blame them?
5) Watching the 3.8% level on the 10yr note again. Now it’s the key resistance level!
6) Several popular groups are getting quite overbought on a near-term basis.
7) Update on the charts for the S&P 500 and the NDX Nasdaq 100.
8) The housing & real estate stocks also look extended. Keep an eye on lumber prices.
9) There are two (unrelated) areas that are on the cusp of breaking out to the upside.
10) Bitcoin….Is its multi-month underperformance about to end?
11) Politics….The election will likely come down to the results in just one state.
12) Summary of our current stance.