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

From the desk of Willie Delwiche.

Consumer Sentiment for August was expected to be little changed from where it was in July (81.2). The actual data (based on responses collected over the first half of the month) showed consumer...

This is the video recording of the August 12th Town Hall Meeting w/ Willie Delwiche

08/12/21 2PM ET

From the desk of Willie Delwiche.

I enjoyed the chance to catch up with my friend Oliver Renick on the TD Ameritrade Network yesterday afternoon. You can see the entire conversation...

From the desk of Willie Delwiche.

Key takeaway: Sentiment continues to argue a case for caution. Pessimism remains near historical lows. Nasdaq trading volume dwindles along with risk-seeking behavior. And with the...

From the desk of Willie Delwiche.

The overall weight of evidence continues to argue for caution and we have yet to see a decisive shift toward a risk-on environment. But we have made some changes to our dynamic portfolios to stay in...

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...

From the desk of Willie Delwiche.

It’s said that the most bullish thing stocks can do is go up. If something goes up enough, it starts to make new highs. Indexes like the S&P 500 and the NASDAQ 100, fueled by gains in a handful of...

This is the video recording of the August 5th Town Hall Meeting w/ Willie Delwiche

08/05/21 2PM ET

From the desk of Willie Delwiche.

Key takeaway: A “no fear” attitude envelopes a market marred by mixed signals and deteriorating breadth. Large-cap indexes push to new highs while small and mid-caps trend lower. We...

From the desk of Willie Delwiche.

This All Star Charts +Plus Monthly Playbook breaks down the investment universe into a series of largely binary decisions and tactical calls. Paired with our...

From the desk of Willie Delwiche.

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

From the desk of Willie Delwiche.

Key takeaway: Optimism most likely peaked earlier this year, as options activity and equity exposure have continued to trend lower in recent months. Yet, our sentiment indicators show...

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...

From the desk of Willie Delwiche.

The S&P 500 fell 1.5% on Monday and rebounded with a 1.5% gain on Tuesday. These were the 31st and 32nd daily moves of 1% or more so far in 2021. At this point last year, we had experienced 72...

From the desk of Willie Delwiche.

It was a voicemail that any parent would dread…

Hello, this is the nurse from camp. Your son had an accident. He's fine but I need to talk to you… 

I quickly called back to get...

This is the video recording of the July 22nd Town Hall Meeting w/ Willie Delwiche & JC Parets

07/22/21 2PM ET

From the desk of Willie Delwiche.

Key Takeaways:

• Breadth downgraded to neutral as trends in...

From the desk of Willie Delwiche.

Key takeaway: A diminishing appetite for risk combined with deteriorating breadth creates a backdrop conducive to equity indexes catching down to the weakness that has been on display...

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

From the desk of Willie Delwiche.

A recurring theme when it has come to market breadth is that while it has not been keeping pace with the indexes, it has not been breaking down. That is starting to change. Net new highs have turned...

This is the video recording of the July 15th Town Hall Meeting w/ Willie Delwiche

07/15/21 2PM ET