Weekend Insights

The stock market rallied 25% last year on ZERO earnings growth. Thus, it's going to have to have much higher than 10%-11% in future years to justify today's market levels. (There's a REASON the market is expensive!!!)

1)  Slight break above the all-time highs.  Will the stock market breakout…or form a “double-top”??? 2)  History shows that Fed rate cuts…after an aggressive tightening cycle…are BEARISH for stock, NOT bullish!

This earnings season has actually only been "okay." Bond yields are still very high vs. the past 17 years. Thus, this week's inflation data will be EXTREMELY important.

The markets had a nice week last week, but they still need to see more upside follow-through to confirm that the worst is behind us.

It's an election year, so the market should see a nice second half of the year for the markets. However, last week's set up was actually something that could create more weakness near-term.