We just want to remind people that we are traveling for a wedding this weekend, and so we sending this weekend’s piece out Saturday morning. Therefore, if you don’t get a chance to read it until Sunday, you’ll know why we might have left something out…if there is a new development on Saturday……Also, this weekend’s piece is a bit abbreviated. Some of the points are the normal length…while some are much shorter than usual due to time constraints………Thank you very much…and enjoy the rest of your weekend!
Table of Contents:
1) Sky-High Earnings Expectations and AI Return-on-Investment Concerns Put Corporate Results Under the Microscope.
2) Growing Credit Stress Raises Increasingly Serious Warning Flags for the Stock Market.
3) Weakening U.S. and European Banks Flash a Potential Warning of Broader Equity Market Trouble.
4) Oversold Bonds and Extremely Bearish Sentiment Could Trigger a Near-Term Rally in Stocks.
5) The S&P 500 and Nasdaq Could Extend Their Rallies into the Midterm Elections, but Small Caps Continue to Struggle.
6) Ample Liquidity and Political Incentives Could Support Stocks Near Term, Despite Potential Warning Signs Ahead.
7) Critical Market Leadership Faces a Technical Test Despite Strong AI Demand and Earnings Prospects.
8) Bullish Technical Signals Are Building, but a Decisive Breakout Is Needed to Confirm the Next Leg Higher.
9) Potpourri: Thoughts on Interest Rates, Tariffs, Housing, Oil Prices, Market Valuations, and a Few Other Issues.
10) Summary of our current stance
