All Reports:

With stagflation increasingly looking like the main course later this year, Wall Street largely shrugged off June’s softer CPI report. Markets currently assign a 66% probability of the Federal Reserve’s first rate hike in September…

Yesterday we reviewed the Money Flow Breadth of the S&P 500 High Beta Index and highlighted the risk of a further correction of 10% to 12%. Today we’re continuing that theme by examining the Money…

The Federal Reserve appears to have painted itself into a policy corner. After maintaining restrictive monetary policy for more than three years in an effort to contain inflation, it now faces the difficult challenge of…

Today we’re examining the Money Flow Factor and Relative Performance Factor breadth of the S&P 500 High Beta Index—both individually and in combination. What we’re seeing is highly concerning: the SPHB price (long‑duration equities) is…

The dominant market story this morning is the renewed U.S.-Iran escalation over the Strait of Hormuz, with Brent crude jumping more than 4% after U.S. Central Command carried out fresh strikes overnight. Tanker crossings have…

Today we’re starting the week with a look at the Money Flow Model, which remains deeply negative even as the market continues to notch new all‑time highs. This divergence between weak broad‑based buying pressure/closing power…

Our view has the U.S. economy entering the late-stage credit cycle, with labor market deterioration becoming one of the key warning signs. The U.S. appears to be on the brink of another financial crisis as…

Today we’re reviewing the Relative Performance of our defensive, non‑cyclical equal‑weighted indices versus the S&P 500, as we are now recording countertrend Buy Signals across Large, Mid, and Small Caps. We allocate to defensive non‑cyclicals…

One of our greatest concerns continues to gain credibility: the U.S. equity market has become increasingly dependent upon the success of the Artificial Intelligence revolution. Since the current bull market began in late 2022, AI-related…

Today, for the first time ever, I’m taking a look at the Yen Carry Trade — prompted by a request from my older brother, Brian Brogan, CMT. I’ve always been curious about what it is,…

Signal Report Wednesday July 8, 2026 Over the past week there has been a noticeable increase in caution from several major Wall Street research groups. While very few are calling for an outright bear market…

Today we’re highlighting Money Flow Breadth across Large, Mid, and Small Caps, as well as the S&P 500 Cyclicals sectors (Financials, Industrials, Materials, Energy, Discretionary, and Technology). What stands out is that nearly all the…

Trump is a real-estate developer by trade and has always favored low interest rates. The rumor at the time was that he nominated Kevin Warsh because he believed Warsh would deliver lower rates. The fact…

Very few institutional investment managers make daily money flow analysis the centerpiece of their research process. While many firms monitor capital flows, only a handful have built their investment discipline around institutional accumulation and distribution….

Our view is that the U.S. economy appears to be entering the late stage of the credit cycle, with labor market deterioration becoming one of the most important warning signs. The U.S. appears to be…