Table of Contents:
1) The K-shaped economy is likely to become a much bigger problem between now and the 2028 election.
2) The key bullish factors remain intact…and so does the upside momentum in the stock market.
3) Why aren’t we hearing more about the big delays in construction of data centers?
4) Nice breakout in the software stocks, but they should take a short-term breather very soon.
5) Index charts….Overbought, BUT they could become even more so before we see a pullback.
6) The 4.4% level on the 10yr note is extremely important. Will it break back below that level?
7) What will Chairman Warsh mean for the markets?
8) The recent divergence in the bank stocks needs to reverse if the market is going to keep advancing.
9) Potpourri…..South Korea’s stock market has become EXTREMELY overbought by one measure.
10) Summary of our current stance.
