From the desk of Willie Delwiche.

Key Takeaway: Investor moods will change as prices fluctuate but they seemed to follow word with deed in May. The AAII asset allocation survey showed them lightening up (perhaps only...

From the desk of Willie Delwiche.

Key Takeaway:

...

From the desk of Willie Delwiche.

In a year marked by broad weakness in both stocks and bonds, commodity strength has provided some portfolio ballast for those who have been willing and able to expand their asset allocation...

This is the video recording of the May 26th Weekly Town Hall w/ Willie Delwiche.

05/26/22 2:00 PM ET

 

From the desk of Willie Delwiche.

The minutes from the May FOMC meeting were released this week, leading to renewed “will they or won’t they” discussions about potential rate hikes later this year. 

I’m old enough to remember...

From the desk of Willie Delwiche.

Key Takeaway: Fear and concern are at the tip of every investor's tongue, yet their eyes remain on the market. For all the pessimism suggested by sentiment surveys, there’s still...

From the desk of Willie Delwiche.

They are cracks more than crevices at this point, but the fissures are there. And they are becoming more widespread. Signs of financial (and economic) stress are on...

From the desk of Willie Delwiche.

Key Takeaway:

...

From the desk of Willie Delwiche.

The S&P 500 has now declined for seven consecutive weeks and on Friday passed the 20% pullback threshold (and on cue “Bear Market” headlines sprouted like dandelions in Spring). This is the index...

This is the video recording of the May 19th Weekly Town Hall w/ Willie Delwiche.

05/19/22 2:00 PM ET

 

From the desk of Willie Delwiche.

“It isn’t even a bear market yet.” 

I heard that from someone earlier this week. I also read it somewhere else earlier today. 

I know what they mean, but the comment left me shaking my...

From the desk of Willie Delwiche.

Key Takeaway: The disconnect between what investors say and what they do continues to be overlooked by sentiment indicator tourists. While consumer sentiment (what they say) is near its...

From the desk of Willie Delwiche.

In last week's Perspectives piece, we opted not to wade into the discussion of...

From the desk of Willie Delwiche.

Key Takeaway:

...

From the desk of Willie Delwiche.

The preliminary May reading for the Consumer Sentiment Index (published by the University of Michigan) dropped to one of its lowest levels on record. The Expectations component is still above its...

This is the video recording of the May 12th Weekly Town Hall w/ Willie Delwiche.

05/12/22 2:00 PM ET

 

From the desk of Willie Delwiche.

Volatility is on the rise and some of the reactions we’re seeing are entirely predictable.

For instance, I’ve seen multiple versions of this chart shared in recent weeks:

...

From the desk of Willie Delwiche.

Key Takeaway: The unwinding of a liquidity-fueled speculative bubble is weighing on investor sentiment, pushing many indicators into areas that signal excessive pessimism. The challenge in...

From the desk of Willie Delwiche.

A risk off environment persists. Leadership areas are coming under...

From the desk of Willie Delwiche.

It’s hard to get away from the crowd when you only ask the questions that everyone else is. When we ask better questions, we get more relevant answers. The questions...

From the desk of Willie Delwiche.

Key Takeaway:

...

From the desk of Willie Delwiche.

Our weight of the evidence dashboard argues for caution, as risk outweighs opportunity. This is echoed by...

This is the video recording of the May 5th Weekly Town Hall w/ Willie Delwiche.

05/05/22 2:00 PM ET

 

From the desk of Willie Delwiche.

I had a great time in DC last week, first for some dedicated time with the All Star Charts team that is normally dispersed all over the world, and later at the CMT Symposium itself. There was good...