I will be traveling this weekend, so I am sending out the weekend piece on Friday night.  (This is also why many of the points will be a bit shorter than usual.)……I’m highlighting the timing of this week’s edition because I know that many people don’t read it until Sunday.  Given all of the wild developments we’ve seen recently, a lot might happen between Friday night and Sunday…so I wanted to make sure people knew when this weekend’s piece was published.  Thank you…and enjoy your weekend!

 

1)  The ROI for  the AI has is not improving quickly enough.  That’s not good for an expensive market. 

2)  There are signs from both the data and the markets…which point to a slowing economy.

3)  Lower commodity prices are bullish…until they’re not.

4)  There are a few cracks in our bullish them on the energy stocks, but we remain constructive for now.

5)  The S&P 500 and the NDX Nasdaq 100 are both sitting a critically important technical junctures.  

6)  The regional banks stocks are now very extended…which means the Russell 2000 is extended as well.

7)  Nice breakout…and broadening out…for the rally in the healthcare stocks!

8)  Potpourri….Japan’s Nikkei is getting oversold…but the BOJ is still the wild card.

9)  VP Harris was “selected”?  Well, to a degree, so was Biden in 2020.

10)  Summary of our current stance….Both the earnings and growth picture are getting dicey.

 

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