From the Desk of Willie Delwiche.

Stocks rallied heading into the weekend, with the S&P 500 finishing up 1.6% for...

From the Desk of Willie Delwiche.

Annual data shows that the Federal government’s cost to service its debt (as a % of...

From the Desk of Willie Delwiche.

Prior to this week, we had seen just one day in the past three months with less than...

From the Desk of Willie Delwiche.

Nearly three-quarters of the way through Q4 earnings season, two things stand out:...

From the Desk of Willie Delwiche.

After Tuesday’s 9-to-1 upside volume day, our Bull Market Re-Birth Checklist is now...

From the Desk of Willie Delwiche.

The last decade-plus has featured extended periods of US leadership and only brief...

From the Desk of Willie Delwiche.

Firms are still hiring but with average weekly hours being curtailed, aggregate hours...

From the Desk of Willie Delwiche.

Money supply is unchanged over the past year and has fallen at a never-before-seen 5%...

From the Desk of Willie Delwiche.

After unexpectedly good headline and core CPI prints for November, the stocks were...

From the Desk of Willie Delwiche.

The NASDAQ 100 peaked over a year ago. Its 1-year return dipped into negative...

From the Desk of Willie Delwiche.

As the dollar was peaking in late-September, 4% of world markets were above their 50-...

From the Desk of Willie Delwiche.

With stocks experiencing week-to-week swings at a nearly unprecedented level, zooming...

From the Desk of Willie Delwiche.

Time for A New Driver

Priced in their own currencies, more than half...

From the Desk of Willie Delwiche.

Rules Need Application To Be Useful

Market legend Marty Zweig was known...

From the Desk of Willie Delwiche.

A Market of Stocks > A Stock Market

The Chart: The S&P 500...

From the Desk of Willie Delwiche.

2022 Sovereign Stress > 2008 Corporate Stress

The Chart: ...

From the Desk of Willie Delwiche.

Labor Pressure Eases - Is Inflation Next?

The Chart: 

On...

From the Desk of Willie Delwiche.

Apple Floats, Small-Caps Skid

The Chart: ...

From the desk of Willie Delwiche.

Stocks & Bonds Make It Three In A Row

The Chart: 

In...

From the desk of Willie Delwiche.

2022 Is Not 2008 - It Just Looks Like It

The Chart: 

In...

From the desk of Willie Delwiche.

This week’s upside surprise in inflation is raising the stakes for next week’s FOMC meeting. While the 10-year T-Note yield is still just below its June peak, yields at the shorter-end of the curve...

From the desk of Willie Delwiche.

Inflation data has overtaken jobs data as the economic indicator that seems to generate the most interest every month and next week’s CPI report will be no different. But seeing inflation just from a...

From the desk of Willie Delwiche.

The late-July breadth thrust provides a breadth thrust regime that lasts for a year (or more if we get additional breadth thrusts between now and mid-2023). In such an environment, near-term oversold...

From the desk of Willie Delwiche.

Fighting inflation is job number one for the Fed right now. Jerome Powell made that crystal clear in his remarks from Jackson Hole on Friday. He discussed the deleterious effects of inflation and the...