Investor uncertainty is mounting in China as 'red lines' shift on Communist Party sand.
Plus, a couple major stock indexes appear to be in better technical shape.
There are two areas I would allow for absurd valuations right now: Anyone who sells what buyers need to integrate AI into their own offerings and those engaged in cybersecurity.
About 90% of stocks are still struggling, but many market players are celebrating.
Business has always been cut-throat. This will take the cut-throat nature of business to a whole new level.
It involves people pocketing their savings from lower gasoline prices so that the economy cools and the Fed doesn't need to raise rates again.
Traders looking for this news to hit are now in a position to lock in some gains.
As some charts have deteriorated, so has cumulative market breadth.
Nvidia's overnight move has put it back into my top-five holdings by weighting.
If leading stocks acted like real leaders, then this would be a wildly bullish market, but that isn't happening, and it doesn't look like it is about to change.
The prospect that this miserable debt-ceiling debate could drag out for weeks is causing additional selling pressure.
Whereas the stock markets in Japan, South Korea and Taiwan have performed extremely well in 2023, Chinese markets are suffering from geopolitics and a whole host of uncertainties.
New Covid infections appear to be surging in China due to the rise of the XBB sub-lineage of the Omicron variant.
If only this were a drinking game and 'productive' was the keyword.
There appears to be little worry that a deal won't be made, but traders can't do much until the headlines hit.
Debt, markets, inflation and growth are what to watch.
These shares allow you to make a call about the future prospects of the U.S. equity market while getting paid in the interim.
The focus this week will once again be on political posturing and political theater and its impact on the US and global economies as well as on financial markets.
There's a key thing to be on the lookout for with the stock.
President Biden has disappointed Pacific Island nations by shortening his Asia spin, with AI a new topic on the docket for the G7.
Conditions for a 'sell the news' reaction are building.
Traders are likely leading investors. Investors remain less convinced, while traders are taking advantage of (or intentionally creating) momentum.
While the political deal-making is used as an excuse for the rally, I see different reasons behind it.
There are now two weeks until what we think is the deadline for getting a debt bill passed into law.
Pro-democracy parties have won handily in Sunday's Thai elections and must now form a coalition. The question is, can it govern?
Would the Fed be out in this kind of force early in the week if there were not some kind of message to be sent?
Thai stocks are Asia's laggards for 2023. Can the return of a populist political dynasty turn Thailand's fortunes around?
The bulls are winning the argument right now -- and the biggest beneficiary is big-cap technology.
In addition to CPI, there is much talk about the debt ceiling issue.
Both political sides seem disinterested in doing something temporary or shorter-term about the federal debt ceiling to avoid a default.