From the desk of Willie Delwiche.

Key Takeaway: With pessimism at levels that elicit comparisons to the financial crisis, conditions are set for a meaningful bounce in equities. But at this point, the similarities appear...

From the desk of Willie Delwiche.

Identifying recessions is an academic exercise for historians. It usually requires the passage of time to gain the necessary perspective. The December 2007 business...

Key Takeaway:

• Indicators suggest echoes of Financial Crisis.
• Looking for signs of strength, not just absence of weakness.
• Burden of proof is on the...

From the desk of Willie Delwiche.

This is a good time to think about what could happen after the midterms because the run-up to this fall’s elections could be almost unbearable. The Fed, the Supreme Court and lingering fights over the...

This is the video recording of the June 23rd Weekly Town Hall w/ Willie Delwiche.

06/23/22 2:00 PM ET

From the desk of Willie Delwiche.

Monday was an unexpected break. Markets were closed for Juneteenth Day, which is now a Federal holiday. I didn't realize that would be the case until the middle of last week. It has made for a short...

From the desk of Willie Delwiche.

Key Takeaway: More and more distribution patterns are resolving lower as bearish price action runs rampant across all major assets classes. Even the leadership groups such as commodities...

Key Takeaway:

...

From the desk of Willie Delwiche.

Not sure where I first heard it, but I’ve always loved this saying: “Bull markets take you to levels you never thought you would see. Bear markets take you to levels you never thought you would see...

This is the video recording of the June 16th Weekly Town Hall w/ Willie Delwiche.

06/16/22 2:00 PM ET

From the desk of Willie Delwiche.

Last week, it was cool and rainy in Milwaukee. This week, it's been sunny and sweltering (with a few thunderstorms thrown in as well). Summer has definitely arrived as we approach the solstice and max...

From the desk of Willie Delwiche.

Key Takeaway: Lower prices have a way of souring investor moods. It’s a relationship that thrives on the feedback loop it creates. Increased selling pressure begets pessimism that fuels...

From the desk of Willie Delwiche.

It remains a risk off environment. With the indexes breaking down...

From the desk of Willie Delwiche.

While there were some hints of a “throwing the baby out with the bathwater” type of environment yesterday, the selling for now seems more consistent with evidence...

Key Takeaway:

...

From the desk of Willie Delwiche.

The March 2021 CPI data (released in April of last year) showed the largest monthly increase in the prices in over a decade. The 2.7% yearly change in the CPI at that point was dismissed as being due...

This is the video recording of the June 9th Weekly Town Hall w/ Willie Delwiche.

06/09/22 2:00 PM ET

From the desk of Willie Delwiche.

In Milwaukee, early June days when the temperature struggles to even get into the 60's happen almost every year. 

I've lived here long enough at this point (more than half my life) that it's...

From the desk of Willie Delwiche.

Key Takeaway: There is plenty of talk about investors turning fearful. This is reflected in more bears than bulls on the various sentiment surveys and high demand for puts relative to...

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...

Key Takeaway:

...

From the desk of Willie Delwiche.

That this is an unfamiliar and uncomfortable environment for many investors goes without saying. It was unforeseen to the extent that it is at odds with recent experience. For passive investors, the...

From the desk of Willie Delwiche.

Key Takeaway: Risks to the economy are rising, though a...

This is the video recording of the June 2nd Weekly Town Hall w/ Willie Delwiche.

06/02/22 2:00 PM ET