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…

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…

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…

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…

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,…

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…

Today, we are starting the week with an update on the Money Flow Model, which has remained in a non-cyclical, defensive position since turning negative on March 31st. As you can see from the first…

I humbly say, I first heard of Technology being referred to Long Duration Assets January 2022 when the stock market peaked with runaway inflation, steep rising interest rates and Technology getting sold into a bear…

This analysis points to one thing: higher interest rates driven by higher inflation. The current market structure looks a lot like 2022, when High Yield Bonds significantly outperformed Investment Grade Bonds while the stock market…