Major Decline in the Markets…or a Repeat of Last Year? The Action over the Next Two Weeks Should Go a Long Way to Answering that Question

Table of Contents:

1) The risk/reward equation for the markets is skewed heavily to the side of risk right now.

2) Long-term Treasury yields broke a couple of very important resistance levels last week.

3) The situation in the private credit market (and the credit market in general) did not ease last week.

4) Earnings estimates are starting to rise again…and a few other reasons to remain bullish.

5) Index charts: Some key support levels were broken last week.

6) Charts on the tech sector: They’re still holding their support levels…but not by much.

7) The energy group still looks good. Time to take a shot at a few drillers?

8) Gold….The recent “forced selling” is creating a great buying opportunity.

9) Potpourri……Two interesting oversold charts.

10) Summary of our current stance