Sentiment, Sector Rotation, Bond "Yips", Beyond Tech Talk, And A Quick Look At Markets (video)

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Curb Your Enthusiasm (just a bit)

All appearances are that the equity market is having a whale of a day!

Well, not so fast... As I type, a bit before the close, while the major averages are up impressively, the overall sector breadth says this is anything but an all-in, back-up-the-truck day in the stock market.

"The Times We're In", And A Quick Look at Stocks (Up), Gold (Down), etc. (video)

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Attention Non-Client subscribers: Nothing in this video should be construed as investment advice. The examples expressed relate to portfolio management we perform on behalf of our clients, and, again, under no circumstances are they to be considered recommendations to the viewer.

Would A Rate Cut Help? Questioning Dollar Assets & A Quick Market Snapshot (video)

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Careful What You Ask For & Gold Getting Stupid (video)

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Quotes of the Day

Following up on Wednesday's post where I suggested that the Fed will step in, as aggressively as needed, should the credit market "need" it.

Here's Peter Boockvar suggesting that -- from the horse's mouth -- that's all (or the first) we should expect, at the moment:

The 2025 Concern(s)

Here's from our April 11 log entries:

4/11/2025

As/if the data worsen, and the market continues to wane, the inflection point for the administration to do a dramatic turn in rhetoric and start talking up great conversations and trade deals in the works may come sooner than later.

The 2025 concern is the potential for negative momentum (recession risk) to gain steam and, thus, see that typical 40+% (recession) hit to equities before it's over.

Along the way we’ll no doubt see some massive rallies, that -- if indeed this is a bear market -- will sadly suck in unsuspecting fomo-(fear of missing out)-ridden retail investors... Only to break their hearts during the next leg down.