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.

From the desk of Willie Delwiche.

Key takeaway: It’s bears on strike and bulls on parade. While it persists, it can fuel a rally. Whether it can persist is another question. We have already seen (particularly in less...

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...

From the desk of Willie Delwiche.

A DYNAMIC APPROACH TO PORTFOLIO MANAGEMENT

The number one question I have gotten from financial advisors over the course of two-plus decades in this business is “What should I...

From the desk of Willie Delwiche.

I might be old school, but I like to look within the Financials sector for leadership trends that provide some clues for the path of the market overall. Specifically, I keep an eye on what Banks and...

This is the video recording of the July 8th Town Hall Meeting w/ Willie Delwiche & JC Parets

07/08/21 2PM ET

From the desk of Willie Delwiche.

You guys need to come see this...

That’s what an excited neighbor told us after randomly knocking on our front door earlier this week. 

We followed her out to our yard by the...

From the desk of Willie Delwiche.

Key takeaway: Record highs in equity indexes buoy investor sentiment that has remained optimistic without a significant challenge over the past year. Bulls ticked higher across our...

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...

From the desk of Willie Delwiche.

The S&P 500 finished June at its highest level ever. For the first time since August 2020, however, this was a new monthly high that was not confirmed by the equal-weight version of the index....

This is the video recording of the July 1st Town Hall Meeting w/ Willie Delwiche

07/01/21 2PM ET

From the desk of Willie Delwiche.

A strange thought occurred to me as I was cracking eggs into a well-seasoned pan over the weekend: cast iron pans and technical analysis have a lot of similarities. 

This might sound a little...

From the desk of Willie Delwiche.

Key Takeaways:

• New...

From the desk of Willie Delwiche.

Key takeaway: Even with some indicators backing away from extreme optimism, sentiment remains on the risk side of the scale. Optimism can be slow to unwind as hopeful investors...

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.

The weight of the evidence is neutral and we’ve been discussing how it has been and remains a messy environment for stocks. We can see this in our Risk On/Risk Off Ratio which has been consolidating...

This is the video recording of the June 24th Town Hall Meeting w/ Willie Delwiche & JC Parets

06/24/21 2PM ET

From the desk of Willie Delwiche.

Key Takeaways:

• Investors are...

From the desk of Willie Delwiche.

Key takeaway: Last week’s volatility unwound some near-term complacency, but there is still plenty of evidence of optimism in the system. Active managers increased their equity exposure...

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.

As the weight of the evidence has shifted from bullish to neutral in the first half of 2021, active investors can find more solace in moving to the sidelines and holding on to a little more cash. This...