May 29, 2026

The Bond Market Is Flashing a Warning

By Bob Brogan

The most important warning signal in the U.S. economy today is not the stock market or even the consumer. It is the bond market. Under normal economic conditions, weakening growth and rising financial stress would…

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May 29, 2026

Money Flows Not Confirming Market Price

By Terence W. Brogan

Blatant Negative Divergence, the markets have broken out to all-time highs, and our Money Flow Breadth has not! As you can see below, the trends on the large and mid-cap money flows are still deeply…

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May 28, 2026

Blatant Distribution Underway

By Terence W. Brogan

I’ve been hearing allot about bad breadth and it’s not mine, it’s the markets! – dad joke😊 Seriously, we here at the Brogan Group Research are followers of the Bullish and Bearish Money Flows through…

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May 28, 2026

Inflation Re-Accelerates as Fed Policy Path Resets Higher

By Bob Brogan

The Federal Reserve is now facing rapidly rising inflation that is forcing markets to aggressively reprice the entire interest-rate outlook. Inflation has reaccelerated toward 3.8%, while both CPI and PPI data continue surprising to the…

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May 27, 2026

The Bond Market Is Warning What Equity Investors Refuse to See

By Bob Brogan

Despite all Market warnings, the Equity Market remains aggressively bullish despite an extremely narrow market leadership structure dominated by the highly volatile Semis and AI trade. We believe this Bull Market enthusiasm is dangerously misplaced…

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May 27, 2026

Semiconductors ~ As Good as it Gets ~

By Terence W. Brogan

With Semi’s going parabolic, isn’t this what every long investor has been waiting for? The answer is YES; we all want our stocks to go straight up just like the SOXX index is doing right…

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May 26, 2026

Money Flow Model Still Negative

By Terence W. Brogan

We start the week with an update on the Money Flow Model as it is still negative and deeply so. The Model turned negative March 31st after a period of volatility and the portfolio has…

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May 26, 2026

America’s Debt Crisis Is No Longer Tomorrow’s Problem

By Bob Brogan

America’s debt crisis is no longer tomorrow’s problem. Our Bond Market is now warning that decades of reckless spending, endless deficits, and political cowardice are colliding with higher interest rates and slowing growth. Both branches…

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May 22, 2026

Double Demand Destruction

By Terence W. Brogan

Last Friday we pulled out the “Demand Destruction” terminology because RBOB Gasoline Futures are at the original “Demand Destruction” 2008 prior high level that was one of the precursors to the Great Financials Crisis. Yesterday…

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May 22, 2026

A Modern-Day Volcker Shock May Be Coming

By Bob Brogan

We believe the Federal Reserve may soon be forced to raise interest rates far higher than most experts presently expect. But first, let us give a big round of applause to former Fed Chairpersons Ben…

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May 21, 2026

Inflation & Demand Destruction

By Terence W. Brogan

Last Friday we did a very simple, basic report on the price of RBOB Gasoline Futures and the fact that price of Gas right now is in the prior high “Demand Destruction Zone”. As we…

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May 21, 2026

U.S. Long Bond Warning: 30-Year Yields Signal Growing Fiscal Stress

By Bob Brogan

U.S. 30-year Treasury yields briefly surged above 5.18%, their highest level since 2007, back when the global financial system was sitting on the edge of the Financial Crisis. The warning this time is not coming…

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May 20, 2026

Money Flows Continue to Struggle

By Terence W. Brogan

The markets are in a very interesting Bearish position with prices hovering around prior high resistance, our Money Flow Breadth struggling to turn positive and the Relative Performance of Non-Cyclicals (risk-off/defense) versus Cyclicals (risk-on/offense) recording…

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May 20, 2026

AI Momentum Fatigue & The Growing Macro Risk Beneath The Surface

By Bob Brogan

Investors have turned the AI melt-up into one of the most aggressively upside-chased markets in years even as rates volatility, sovereign debt stress, and macro uncertainty continue building beneath the surface. The AI leadership trade…

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May 19, 2026

Best Sector & Industry Group

By Terence W. Brogan

Today we wanted to show the best money flow & relative performance sector in the stock market as well as the best money flow & relative performance industry group. Both groups of stocks are mutually…

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