Tactical Tuesday

Big Tech is under pressure in the near-term with charts showing potential for a deeper correction.

The macro picture changed last week as persistently strong economic data has driven interest rates above 2024 highs to start the new year.  Crude and Commodities prices have firmed in the near-term as investors position for a more inflationary environment and Growth areas of the equity market come under renewed pressure. At the sector level,

We need to see stock level participation broaden out to have high conviction in a sustained bull market

Starting to see some Momentum Buy Signals in Discretionary and Financial Sectors

Our Tactical sector report looks at price action and options market indicators to evaluate potential near-term dislocations in price.  The table below covers the large cap. US Sector Fund Families from SPDR’s, iShares and Vanguard. In the wake of our recent US Presidential Election, we look at the most overbought and oversold sectors across the

Our analysis of annual returns for equities from 1941-2024 show that equities have fared better in Democratic Presidential Administrations over that time period. Regardless of party, we hope everyone will vote and vote safely!

The S&P 500 seasonal pattern is bullish into year end, and has been positive 4 of the 5 previous election cycles with 2008 the bearish exception.