Edition #176

Premium Market Analysis

Investors,

In today’s premium report, I’ll be sharing the most critical charts I’m seeing across financial markets. This analysis is exclusive for paid members, however I continue to offer a free 7-day trial with risk-free cancellation. The analysis below is vital for all market participants to understand, therefore I’d encourage you to activate the trial and read this analysis FOR FREE.

Over the past several months, I’ve been outright bearish on stocks, highlighting the ongoing market deterioration and weakening fundamentals. This view primarily started in November 2021, when I outlined my bearish view on tech/growth and $ARKK. The basic premise for this view was based on the expectation for yields, particularly 10-year Treasury yields, to rise under the Fed’s shift in monetary policy. In Q1 of this year, I noticed the Fed’s increasingly aggressive rhetoric and recognized that the broader market would fall under more pressure. In tandem with geopolitical risks, concerns of a recession, and ongoing inflationary pressures, the market is increasingly being overwhelmed by fear & risk. Conversely, for the majority of 2020 and the entirety of 2021, markets were greed-centric.

The transition between these two conditions can take a considerable amount of time, or shift rapidly based on macroeconomic factors and broader investment dynamics. At the present moment, I see no such catalyst to turn fear/risk into greed.

Aside from the first chart I’m going to share below, every chart in this report is produced by me with the intention of discussing market conditions, areas of weakness, and signs of caution. Let’s jump in…