Great Market Action, But a Deep Correction is Quite Likely at Some Point in 2025

The stock market acts great, but we need to acknowledge the long list of signals that usually exist near an important top.

Table of Contents:

1) More record highs…and plenty of reasons to think we’ll have more of them.

2) We believe that there is a misunderstanding of what is really entailed with the “Fed put.”

3) What about a “Trump put”? Will there really be one in 2025? We think not.

4) Geopolitical…and now political…tensions will eventual create headwinds for the markets.

5) The index charts look good, but the Russell 2000 still has some issues to resolve.

6) The tech stock are STILL the key group…as they continue to outperform everything else.

7) However, there might be a shift between which Mag 7 stocks outperform near-term.

8) Updating the chart on the 10yr Treasury yield. Will its first key support level hold?

9) One consumer discretionary stock looks poised to outperform going forward.

10) Potpourri…….”Multiple expansion”……Bitcoin…...Remembering Pearl Harbor.

11) Summary of our current stance.