Every once in a while, we like to reiterate one item about our weekend piece:  We like to highlight both bullish and bearish developments each weekend.  Sometimes these comments are in direct conflict with one another, but we still think it’s important to show both sides of the story.  More importantly, we also try hard to let you know which side of that bull/bear ledger we stand at any given time.  So, we hope that it does not come across as something where it sounds like we’re talking out of both sides of our mouths.  Instead, we’re just tying to show both sides of the story.


Table of Contents:

1)  The normalization of interest rates (to higher level) is not positive for stocks…period.

2)  Last week’s rally in the tech sector was quite positive, but it was not enough to indicate that group is out of the woods.

3)  The same is true for Nvidia (NVDA) and Microsoft (MSFT)….The level of complacency is still too high.

4)  The confirmed change in trend for long-term interest rates will create headwinds for the stock market.

5)  However, if long-term rates stabilize, it could/should be bullish for 3 homebuilding related stocks.

6)  Update on the Charts for the S&P 500 and the NDX 100.

7)  It’s time to wade back into the energy stocks…and add to positions once again.

8)  We think two of the consumer staples now look very attractive on the charts.

9)  Potpourri….Keep a close eye on the high yield market.

10)  Summary of our current stance……Those who are bullish on 2025 are out of their minds.


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