Due to the holidays, there will be no weekend piece next weekend…(unless something extremely important takes place)…….We will, however, be publishing the following weekend (just after New Years)……..We hope you all have a safe, happy, and healthy holiday season!!!!
Table of Contents:
1) What if long-term yields rise DESPITE slower growth & lower inflation? It IS possible.
2) The AI stocks are going to face some serious challenges in the new year.
3) Maybe the level of net liquidity will remain strong enough to keep stocks buoyed.
4) The US 10yr yield is testing an extremely important resistance level.
5) The stock indices look good near-term. Not so much over the intermediate-term.
6) The housing stocks are in negative territory this year. What does that say about the US economy?
7) Let’s look at some individual stocks in the groups that are seeing rotational inflows of money.
8) Potpourri…..13% earnings growth next year will STILL leave the market extremely expensive.
9) Summary of our Current Stance…….…Reality check in 2026…or more of kick the can?
