Weekend Insights

Earnings forecasts need to improve dramatically to justify this rally in the stock market. We're sorry, but you need better than 8% earnings growth if the S&P is trading at 23x forward earnings.

There are quite a few issues that are percolating around the world today…and any one of them could cause a significant disruption in the marketplace.  (God help us if more than one blows up at the same time.)

The stock market continues to rally, but it's VERY "narrow" and it's now getting quite overbought near-term.

It’s still going to be extremely difficult for the Fed to begin cutting rates in time to prevent a significant slowdown in growth.  They’ve only been able to do it once in 80 years…and with inflation remaining somewhat sticky, that will make it even harder than usual this time around.

The tech sector is so heavily weighted in the major averages that a drop in the group will cause a meaningful drop in those indices. THAT will cause investors to top "rotating," and to start "selling."