From the desk of Willie Delwiche.

Moving into commodities when they are trending...

From the Desk of Willie Delwiche.

The market has been focused on the headline CPI and eager to declare the inflation battle won. The Fed is less concerned with changes that are fueled by...

From the desk of Willie Delwiche.

Both our Risk On Index and our Risk On and Risk...

From the desk of Willie Delwiche.

Incoming economic data has been weaker than...

From the desk of Willie Delwiche.

The Bank of Japan hasn’t officially raised rates...

From the desk of Willie Delwiche.

The market’s focus is moving on from monthly...

From the desk of Willie Delwiche.

The trend for the S&P 500 has now fallen for...

From the desk of Willie Delwiche.

The yield curve is getting a lot of attention...

From the desk of Willie Delwiche.

The broker-dealer index (XBD) has eclipsed its...

From the desk of Willie Delwiche.

Going back to 1950, the S&P 500 has always...

From the desk of Willie Delwiche.

Stocks and bonds are enduring one of their worst...

From the desk of Willie Delwiche.

Over the past year, this old Wall Street saying...

From the desk of Willie Delwiche.

The trend for bonds has been lower for two years...

From the desk of Willie Delwiche.

The earnings momentum trend rolled over last week...

From the desk of Willie Delwiche.

Key Takeaways:

• Inflation fight being waged on a global basis
• Rate expectations have been unanchored 
...

From the desk of Willie Delwiche.

Key Takeaways:

• Labor market imbalances are fueling a persistent rise in inflation
• Median CPI hitting new highs...

From the desk of Willie Delwiche.

After reviewing the Cyclical Portfolio, we are making the active...

From the desk of Willie Delwiche.

Key Takeaways:

• Thrust signals are typically reliable indicators of strength
• Lack of risk appetite and rising...

From the desk of Willie Delwiche.

Key Takeaways:

• Risk On appetite missing from recent rally
• Bond yield momentum waning as financial stress...

From the desk of Willie Delwiche.

Key Takeaways:

• Breadth thrusts and global strength have fueled the market in the past
• Price patterns are...

From the desk of Willie Delwiche.

We are still waiting for evidence that the bear market in equities has run its course, and a new bull market is being reborn. We have seen the short-term risk...

From the desk of Willie Delwiche.

It’s been over a month since the S&P 500 made a new year-to-date low and market volatility has cooled somewhat. After averaging a 1% move (in either direction)...

From the desk of Willie Delwiche.

The current imbalance between job openings and unemployed persons gets plenty of attention. That there are twice as many job openings as there are people looking...

From the desk of Willie Delwiche.

I'm away for a few days enjoying Wisconsin’s Door County Peninsula. It's been great to camp and explore in what is widely known as “the Cape Cod of the Midwest.”...