From the desk of Willie Delwiche.

Every streak comes to an end. After a record 243 consecutive days of positive readings, the US economic surprise index slipped below the zero line this week. For a mean-reverting index that has...

This is the video recording of the May 20th Town Hall Meeting w/ Willie Delwiche

05/20/21 2PM ET

From the desk of Willie Delwiche.

A box of family photos showed up at my house this weekend. 

Some are relatively recent, others stretch back nearly a century. Together, they tell a story of generation after generation...

From the desk of Willie Delwiche.

Key Takeaways:

• Speculative excesses are being unwound as...

From the desk of Willie Delwiche.

Key takeaway: Amid the economic optimism that is seen in surveys and magazine covers, the stock market is experiencing an unwinding in speculative excesses that has just begun...

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.

The one chart is actually two charts this week. On the left is the S&P 500 and the percentage of stocks in that index that are above their 200-day average (90%). On the right is the NASDAQ...

From the desk of Willie Delwiche.

I planted most of the vegetables for the garden over the past couple of weeks. Seeds and seedlings. Neat rows and clustered groups. Into the raised beds they went.  

I don't know what the day...

This is the video recording of the May 13th Town Hall Meeting w/ Willie Delwiche & JC Parets

05/13/21 2PM ET

From the desk of Willie Delwiche.

JC and I were talking about the market last week in one of our town hall meetings.

"It's a market of stocks," he said, offering up the old Wall Street adage about looking at market health by...

From the desk of Willie Delwiche.

Key Takeaways:

• Inflation surprise...

From the desk of Willie Delwiche.

Key takeaway: A peak within the NASDAQ (or the Technology sector) shows that pockets of speculative excesses are being unwound. There has been enough strength in the market...

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...

From the desk of Willie Delwiche.

The headlines this week focused on the, for lack of  better word, carnage in some of the most speculative areas of the stock market. While late week rally attempts have taken some of the sting out...

This is the video recording of the May 6th Town Hall Meeting w/ Willie Delwiche & JC Parets

05/06/21 2PM ET

From the desk of Willie Delwiche.

The documentary "Jiro Dreams of Sushi" tells the story of a small Sushi counter operating near a subway platform in Japan. The movie glorifies routine -- the day-in, day-out dedication to doing the...

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: Evidence of excessive optimism abounds. Recent articles in the Wall Street Journal provide anecdotes for the data: Conservative German savers are increasing...

From the desk of Willie Delwiche.

Key Takeaway: New monthly highs reflect broad participation and a healthy rally. Stocks struggle to celebrate blowout quarters if future growth prospects are not bright. Elevated...

From the desk of Willie Delwiche.

The new high list on any given day has been unremarkable of late. So far in 2021, the most S&P 500 stocks making new highs on any given day has been 135 (27% of the index). The average for...

This is the video recording of the April 29th Town Hall Meeting w/ Willie Delwiche & JC Parets

04/29/21 2PM ET

From the desk of Willie Delwiche.

My grandfather always wanted to drive the length of the Alaska Highway. 

One summer, when he and my grandmother were approaching 70, Paul & Doris bought a Ford diesel pick-up truck,...