The Stock Market Acts Quite Well, But Complacency Is Too High
Once again, 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) Can the yen carry trade really reassert itself as a positive force in the marketplace?
2) For the markets, it’s about ALL of the oil flowing through the Strait of Hormuz. (Not just Iran’s production.)
3) It’s still too early to draw any definitive conclusions about the direction of the bond market.
4) We have some targets for China’s stock market over the rest of this year.
5) The charts on the major US indices have not changed much in the past week.
6) Europe could surprise investors this fall/winter. (Keep an eye on their bank stocks.)
7) Updates on the chart for WTI crude oil and the energy ETF’s. (Lot’s of bullish potential.)
8) Don’t forget about tech. It’s still THE most important sector.
9) Potpourri….Will AI live up to its hype???
10) Summary of our current stance…..We don’t like all this complacency.