Table of Contents:
1) “Sell the news” is becoming a common reaction to earnings/guidance…especially in the tech sector.
2) Lots of charts on individual tech stocks……….Also, “something is rotten in the state of Denmark.”
3) We’re seeing a lot more “rotation” than a “broadening out” move right now….There’s an important difference.
4) People invest in bonds and stocks…not inflation. (Yields are elevated despite subdued inflation.)
5) Review of the Index charts….Key levels to watch.
6) The outlook for the energy sector is suddenly looking much brighter again.
7) First, it was the breakdown in the South Korean KOSPI…now other stock markets in Asia are doing the same.
8) Not only is the energy sector looking better…so is the broad commodity asset class.
9) The banks are breaking out strongly. It will take a significant reversal to change their bullish outlook!
10) Summary of our current stance.
