The Uncertainty Will Not End After The Election
The situation in Middle East is far from over...and it could/should provide some serious uncertainty for the markets for many weeks.
As usual, we want to begin by reiterating once again that one of our goals is to provide comments from both sides of the bull/bear ledger each weekend. Therefore, it might sound like we’re talking out of both sides of our mouths at times. We’re really just trying to give both sides of the story. However, we always try to let you know which side of that ledger we stand on at any given time.
Table of Contents:
1) A repeat of the 2000 election will be a disaster for the markets…and that scenario is a very realistic one.
2) The crisis in the Middle East is far from over.
3) Is the bond market getting ripe for another surprising (and substantial) reversal?
4) Some cracks are showing up in the high yield market. That said, they’re small cracks so far.
5) Updating the charts on the S&P 500, NDX 100 and Russell 2000.
6) The big tech stocks are still the most important group…by far…and the Mag 7 index stands at a crucial level.
7) Updating the charts on many of those big-cap tech names (and they stand at key levels as well).
8) The healthcare stocks look poised for a big bounce (with 1 stock ripe for a big breakout move).
9) There are only three ways out of a major budget deficit.
10) “The Inflation Risk of Tariffs is Overrated”
11) There is no guarantee (at all) that the VIX will drift back down following the election.
12) Summary of our current stance.
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