From the desk of Willie Delwiche.

A new quarter brings new positioning for our strategic portfolio, tilting away from equities, taking a fresh look at bonds and trimming up our commodity exposure. Recent strength in bonds has adjusting our fixed income exposure in the cyclical and yield portfolios and adding it to the tactical portfolio. While comfortable limiting our risk exposure for now, we also want to lean toward where the evidence suggests the market is heading.

From the desk of Willie Delwiche.

Key Takeaway: Flow data showing equities attracting 71 cents of every ETF dollar in the first half of 2022 casts some doubt on claims that sentiment is washed out even as bears continue to outnumber bulls. New lows > new highs and excessive pessimism are features of bear markets, while new highs > new lows and building optimism tend to be seen in bull markets. The wall of worry seen in the AAII sentiment data off of the COVID lows is more an exception than it is a rule, especially in the absence of breadth thrusts or other evidence of strong participation. Between the ETF flow data and measures of household asset allocations, the risk is that the investor love affair with equities grows cold and they seek solace elsewhere. Overall the sentiment data now looks more similar to what was seen in Q1 2008 than what was seen at the lows a year later.

Sentiment Report Chart of the Week: Equities Feel The Flow

Discussions of sentiment often focus only on what investors say...

From the desk of Willie Delwiche.

On both an absolute and a relative basis, healthcare names continue to perform. I guess the need for quality healthcare is a stronger driver of stock prices than interest rates and global macro? At least for now, that appears to be the case.

One name we've been watching, Cigna $CI, is knocking on the door of a major base breakout.

We've adjusted a position in the Paid-to-Play portfolio today:

Today’s Hot List is a short one.

This might just be one of the most important charts in the entire world.

The resolution here is going to tell us a lot about the underlying trends for stocks.

This is the Euro STOXX 600, a broad measure of European equities, that I like to compare to the S&P1500. This is Europe's version:

We debuted a new scan recently- The Outperformers.

The Outperformers is our newest scan that pinpoints the very best stocks in the market. It’s the fastest, easiest way to find quality names that are primed for major moves.

The goal is that as the market rally progresses, the sector rotation within the market will reflect in this scan. So while our Top/Down Analysis helps us with the broader view of the market, this Bottom/Up scan makes sure that we catch the slightest change in sentiment.

We debuted a new scan recently which goes by the name- All Star Momentum.

All Star Momentum is a brand new scan that guides us towards the very best stocks in the market. We have incorporated our stock universe of Nifty 500 as the base this time around. Among the 500 stocks that we follow, this scan will pump out names that are most likely to outperform the market.

This is the video recording of our July 2nd Monthly Charts Live Strategy Session

From the desk of Louis Sykes @haumicharts

We tell it like it is.

Technical analysis in its very nature is simply following reality. We're not tied to position, a narrative, or whatever story journalists are spinning up. We're never dogmatic in our approach and are always open to changing our approach as new data comes in.

We've been discussing a lot internally with all the analysts the lack of actionable crypto trade ideas we've published. Don't get us wrong, we love trades. But equally, we need to be aware and mindful of when the very act of trading itself is detrimental to our portfolios.

There's no such thing as catching every move. I see this a lot in the crypto community, where traders often feel like they need to predict every rally.

There isn't some random giga chad or MM slinging every move. It just doesn't exist. If anything, the blowups we're seeing all across the place among the most sophisticated crypto funds (3AC et al.) are a testament to this.

We had a resting GTC order filled in the Paid-to-Play portfolio today: