Table of Contents:
1) Last week’s move in the bond market is signaling an important change in trend for long-term rates.
2) However, more often than not, lower long-term rates are actually bearish for stocks, not bullish.
3) Has the stock market become the economy?
4) Updating the key charts for the tech sector.
5) Updating the charts on the major averages. This week should be critical.
6) Some cracks showing up in the financials. (Slower growth is not good for them.)
7) Once credit spreads start widening out in a material way, it will be too late to react.
8) Gold is getting overbought near-term…Bitcoin stands at a critical level.
9) Potpourri….It looks like budget deficits actually DO matter.
10) Summary of our current stance.
