From the desk of Willie Delwiche.

Key Takeaway: Small-caps leading the way higher. No breadth thrusts (yet) but rally participation is improving....

From the desk of Willie Delwiche.

Key Takeaway: Index strength fueled by new found momentum. New highs lists are expanding, but not very rapidly....

From the desk of Willie Delwiche.

Key Takeaway: Risk On/Risk Off Ratio resolving higher. Commodity strength and bond weakness will have some looking...

From the desk of Willie Delwiche.

Key Takeaway: Price volatility fueling sentiment reset. Indexes under pressure as the tide turns against their...

From the desk of Willie Delwiche.

Key Takeaway: Median stock has gone nowhere for six months. Emerging market trends are improving and commodities are...

From the desk of Willie Delwiche.

Key Takeaway: New highs lists expand as global markets show strength. Economic recovery falling short of expectations...

Key Takeaway: Recent laggards bounce into lead. Economic reports add noise to an otherwise quiet week. New highs for Value Line Geometric Index and Commodities would...

Key Takeaway: Indexes find ways to shrug off disappointment. Beneath the surface, market bending, not yet breaking. Surge in bond yields would sap financial liquidity...

Key Takeaway: Positive earnings surprises and upward revisions have been setting records. Expectations are now elevated, and economic data is falling short. Macro...

Key Takeaway: Bond yields ready to move higher. Trends are still rising and inflation is proving persistent rather than transitory. Financials have been resilient but...

Key Takeaway: Indexes chopping higher, breadth chopping lower. Commodities leading the pack in 2021. Bonds not fearing inflation.

Key Takeaway: Indexes at new highs as new high list contracts and new lows expand. Real bond yields drop to their lowest level on record. Prices are rising as the path...

Key Takeaway: Despite being dismissed, bad breadth getting worse not better. Defensive groups asserting leadership as risk off trades gain strength. Indexes catching...

Key Takeaway: Index-level strength lacks support beneath the surface. Economic surprise index dips below zero. The earnings revision trend is higher though the pace of...

Key Takeaway: Indexes make new highs, but action beneath the surface is not encouraging. Equity fund inflows surge in the first half. Bond yields moving lower are...

Key Takeaway: Indexes made new highs last week, but rally participation has been lackluster. Faltering industry groups and global market trends can make index-level...

From the desk of Willie Delwiche.

Key Takeaway: Fed-fueled volatility exposes weakness beneath the surface. Breadth trends at odds with index-level resiliency. Drop-in yields...

From the desk of Willie Delwiche.

Key Takeaway: Index level highs lack support beneath the surface. Bonds rally in the wake of hot inflation data....

From the desk of Willie Delwiche.

Key Takeaway: US stocks lack momentum while Europe gains strength. Economic recovery moving beyond the US. Bond...

From the desk of Willie Delwiche.

Key Takeaways: Economic data reflects pinched financial liquidity. US price trends are resilient even with momentum...

From the desk of Willie Delwiche.

Key Takeaway: Mixed liquidity backdrop makes rebuilding risk appetites more of a challenge. Tailwinds that have fueled cyclical strength are tapering even if the Fed is not yet...

The market has been messy for a while and we've been reiterating that point for some time now. There are no new signals in terms of a direction, but we thought this is a good time to look at our risk metrics.

When we go through the metrics, we...

From the desk of Willie Delwiche.

Key Takeaway: Investors finding themselves with too much Technology exposure. Speculative unwind occurring as neglected areas of the market make new highs. Inflation concerns are...

From the desk of Willie Delwiche.

Key Takeaway: Stocks looking at a year two market. Stocks looking at a year of two markets. Economic surprises remain a tailwind for now but data struggling to keep up with...