Friday's Large Decline in the Equity Market Might Not Have Scared You...But it Should Have (at least a little bit).

Table of Contents:

1) What to look for early next week to see if Friday’s action is something to worry about or not.

2) The impact earnings have had on the stock market in 2026 is not as strong as the consensus is saying.

3) There is an important reason why many on Wall Street are bullish…but they won’t say this reason out loud.

4) If Friday’s bounce in Treasury yields continues, it’s going to be very negative for the bond market.

5) Updating the charts on the major stock indices…which stand at critical technical levels.

6) We’re sorry, but we cannot avoid talking about the SpaceX IPO. (Is it bullish or bearish?)

7) Right on time….Private credit and high yield bonds are seeing some renewed stress.

8) Bitcoin is extremely oversold and “over-hated.”

9) Summary of our current stance.