Forward earnings estimates dip as the 10-Year Treasury yield rises.
The real crisis is not that the Evergrande story will be back, but that China isn't able and politically willing to be the global driver of economic growth it has been.
When the market fails to embrace the negative thesis, folks with idle cash slower put it to work.
There is a reasonable possibility, in our view, of the recent rally failing near current levels.
Plus, a look at where central bank policies appear to be heading.
Can you please name me an industry that isn't impacted by this inflationary monster?
Index charts all remain in near-term downtrends.
All index charts are in near-term downtrends
If you own crypto of any form I think you should, if you have big gains, take some off the table.
In response to the Evergrande situation, look for China to further its domestic focus at the expense of its global focus.
Positive chart and data signals have yet to appear.
When growth starts to slow and inflation moves higher - that's the most unfavorable set of conditions. And that's exactly the market's nervousness right now.
Consumer prices look like they are not growing as quickly. But let's take a closer look at a key area to watch -- and see how the Fed will likely respond.
Selling pressure and weak breadth continue.
Does the cooler core CPI print give the fiscal doves a leg up in negotiating the size and scope of whatever they'll end up passing, probably later this month?
Charts and breadth have weakened further.
The weight of the evidence had shifted sufficiently.
Plus, Zscaler largely delivers for its owners with its latest results.
All life, all learning, from parenting to aging to investing is about adaptation -- the ability to evolve.
We are entering a critical phase of the Biden administration.
Only the Nasdaq Composite, Nasdaq 100 and DJIA remain in near-term uptrends.
Market data saw a few shifts Friday.
In isolation, rapidly slowing economic growth coupled with rapidly rising inflation would bring about stagflation, a phenomenon most younger Americans don't seem to understand should be feared.
This payroll result should be a reminder that just because there aren't a lot of new legal restrictions doesn't mean consumers won't change behavior.
Keep a close eye on the MidCap 400 index.
Something unusual occurred in Tuesday's action.
And Chairman Jerome Powell in his Jackson Hole speech offered clues as to what could trigger an end to the Federal Reserve's zero interest rate policy.
Multiple positive technical events happened Friday.
Most data remain neutral.
Plus, a look at Dollar General and Peloton Interactive, which both disappointed with their announcements on Thursday.