• With the bond market experiencing a “sell the news” reaction to the Fed’s outsized rate cut, the housing stocks just might see the same thing over the near-term.  So, investors should be careful about chasing them up at these overbought levels…after such a fabulous run.
  • We still think tonight’s Micron’s earnings/guidance could/should have an important impact the broad stock market.  The tech stocks are still the most important leadership group in the market…due to their outsized weightings in the key stock indices. 

 

You don't have access to this post on The Maley Report at the moment, but if you upgrade your account you'll be able to see the whole thing, as well as all the other posts in the archive! Subscribing only takes a few seconds and will give you immediate access.

This post is for subscribers on the Before the Open and All-Access tiers only

Try 14 Days Free