For over a year I have been vehemently warning about the risks associated with speculative stocks and gewgaws.
Bongbong Marcos has operated almost exclusively through social media during his campaign, calling for 'unity' and glossing over his father's dictatorship.
Plus, we take a revealing look at the movements in the yield curve and pop in on the dismal charts of Shopify and Peloton Interactive.
Has the FOMC heeded Market Recon's advice? Probably not.
All eyes will be on the Fed this Wednesday to see if this 'weakness' will or can cause them to reverse their policy.
I would think that there could be a sharp rally at some point this week. There will be plenty of news.
Plus, a close look at the scary decline in Americans' disposable income.
If by the end of 2023 inflation is around 2.6% and unemployment is around 3.8%, then I'd hardly call this period a failure.
Typically the bulls take control of the markets now, and they continue to lead the way into the summer months. But It's just not happening.
Let's recap some of the main worries behind the selloff. Unfortunately, I think the trading action gets worse before it gets better.