Daily Market Commentary Meta Splits: The Buyback Machine Shifts To Reverse Blog Fed Over-Tightening: How Much Runway Is Left Before It Bites? Daily Market Commentary Why Small Caps Have Recently Traded Like A Bond Proxy Blog Are Bonds Pricing In A Fed Policy Mistake? Daily Market Commentary Neoclouds And Hyperscalers: Same Concept, Different Risks Daily Market Commentary The Misleading Tech Sell-Off Daily Market Commentary Warsh Says Little: Market Hears Hold Blog AI Capex And Earnings: What Happens When Growth Slows Bull Bear Report Pimco Sees A 6% 10-Year. Here’s Why “Bad Inflation” Caps Yields Daily Market Commentary CoreWeave Shares Tumble As Its Debt Flounders
Vol. XXVII · No. 134
Friday — October 23, 2026
Houston, Texas

Tag: S&P 500

The Death Cross And Market Bottoms

The Death Cross And Market Bottoms

By Lance Roberts, Apr 21, 2025

In financial markets, few technical patterns generate as much attention and anxiety as the death cross. This ominous-sounding term refers to a crossover on a price chart when a short-term moving average, most commonly the 50-day moving average (50-DMA), drops below a long-term moving average, usually the 200-day moving average (200-DMA). The “death cross” is a fantastic […]

Inflation Risk Is Subsiding Rapidly

Inflation Risk Is Subsiding Rapidly

By Lance Roberts, Apr 18, 2025

Inflation risk has been a significant topic of discussion in the mainstream media for the last few years. Such is unsurprising given that inflation spiked following the pandemic in 2020 as consumer spending (demand) was shot into overdrive from stimulus payments and production (supply) was shuttered. To understand why that occurred, we need to revisit […]

Yield Spreads Suggest The Risk Isn’t Over Yet

Yield Spreads Suggest The Risk Isn’t Over Yet

By Lance Roberts, Apr 14, 2025

In November last year, I discussed the importance of yield spreads, historically the market’s “early warning system.” To wit:“ “Yield spreads are critical to understanding market sentiment and predicting potential stock market downturns. A credit spread refers to the difference in yield between two bonds of similar maturity but different credit quality. This comparison often […]

The Consumer Is Tapping Out

The Consumer Is Tapping Out

By Lance Roberts, Apr 11, 2025

The recent implementation of tariffs has the media buzzing about increased recession odds as the consumer faces potentially higher costs. While recent economic reports, like the latest employment report, still show robust growth, those data points run with a lag that hasn’t yet caught up with reality. As we have discussed, the American consumer is […]

The Market Crash – Hope In The Fear

The Market Crash – Hope In The Fear

By Lance Roberts, Apr 7, 2025

Last week, we noted that “nothing good happens below the 200-DMA,” and the tariff-induced market crash this week confirmed that. However, we also noted that over the last 30 years, previous failures at the 200-DMA have also often been buying opportunities. That is, unless some “event” of magnitude creates a massive shift in analysts’ estimates. “For this […]

The Stock Market Warning Of A Recession?

The Stock Market Warning Of A Recession?

By Lance Roberts, Apr 4, 2025

A Wall Street axiom states that the stock markets lead the economy by about six months. While not a perfect predictor, the stock market reacts to investor expectations about future corporate earnings, economic activity, interest rates, and inflation. When sentiment shifts due to anticipated weakness in any of these areas, equity prices often decline, reflecting […]

Failure At The 200-DMA

Failure At The 200-DMA

By Lance Roberts, Apr 1, 2025

In last week’s post, “Is the correction over?” we wrote about the potential for a rally back to the 200-DMA. However, the failure of that test increased short-term concerns. As we noted in that post, there were early indications of buyers returning to the market. To wit: “The chart below has four subpanels. The first […]

Stagflation Panic: A Misdiagosed Media Spin

Stagflation Panic: A Misdiagosed Media Spin

By Lance Roberts, Mar 28, 2025

Following the latest Federal Reserve meeting, there was a massive surge in media headlines stating “stagflation.” The media’s stagflation panic is unsurprising as it elicits memories of the late 1970s during the Arab oil embargo. Of course, a “stagflation” is excellent fodder for clicks and views as it scares the “bejeebers” out of people. Over the last […]

Correction Over? Or, More To Go.

Correction Over? Or, More To Go.

By Lance Roberts, Mar 25, 2025

The biggest question I have been getting from clients and prospects lately is, “Is the correction over?” \This is not surprising, given that market declines are brutal on emotions. However, as investors, we often forget that, like the laws of gravity, “what goes up must come down.” In today’s blog post, I want to provide two […]