Healthy bull markets exhibit strong breadth. After chopping around for two months, the S&P 500 hit its 25th all-time high of 2026 last week with broad-based leadership. That’s a signal to look beyond tech stocks as big rotation boosts the S&P 500. Don’t abandon tech…just be open to new opportunities. Earnings momentum is helping tech… Read more »
Records have been set. The S&P 500 has hit 24 fresh all-time highs in 2026 so far. Better yet, the S&P was up 14.9% in the second quarter, the best midterm-year second quarter ever… and the fifth-best Q2 of any year since 1950. The good news is the party isn’t over. WHY? 3 momentum studies… Read more »
Healthy rotation and market broadening are hallmarks of great bull markets – it’s how they last so long. The current bull market is the 8th longest in history, up 107% since October 12, 2022. That said, markets are shifting out of popular core names and into prior benchwarmers. Mag 7 weakness accelerates rotation into dividend… Read more »
The biggest game in town has been the AI-trade. Stocks levered to memory, power, photonics, and infrastructure have risen spectacularly. That doesn’t come without downside risks. There’s a way to protect yourself should the AI-trade falter. Keep it simple: Buy energy stocks to hedge AI exposure. Let’s call a spade a spade. The AI boom… Read more »
Stocks have enjoyed an amazing run. The S&P 500 rose 20% from the March 30 low through May 26 – its biggest gain ever in such a short time. It’s easy to think it’s time to cash out. We’ll take the other side by raising our S&P 500 price target to 8200. Let’s rewind the… Read more »
After years of frustrating false starts, smaller companies are back… …finally consistently outperforming. The reason? Small cap stocks are cheap and growing faster than mega-caps. Today, we’ll outline the recent strength in the group, including: the diversification leverage angle how GDP trends favor smaller-sized firms the earnings trajectory and more After you review the evidence,… Read more »
Everywhere you look there’s talk of an AI bubble. We don’t see it that way. Our work suggests the crowd is grossly underestimating the transformative nature of this tech boom. The fact is simple: AI infrastructure profits are double the S&P 500 growth rate. Let’s face it. Artificial intelligence has sucked all the air out… Read more »
In challenging times, if you wait for the “all clear” you often miss out. The April 7 Iran ceasefire helped the S&P 500 erase its 10% correction since bottoming on March 30. If you missed that move, don’t fret. Earnings momentum is accelerating and will send stocks surging. Let’s rewind the tape for a moment…. Read more »
Stocks have been hostage to geopolitical headlines. Financial conditions are tightening as rising oil prices push up interest rates and the dollar. Thankfully, visibility on a credible offramp to the Iran conflict seems to be gradually emerging. It’s been a tough market, but the good news is market volatility always creates great buying opportunities. The… Read more »
Our 2026 Outlook warned to brace for an uptick in volatility. It’s here. We’ve also seen a massive spike in energy prices. Taken together, equities are struggling. But it’s not all bad news. High oil and surging volatility will not derail the stock market. Let’s unpack the environment. Macro uncertainty is sky high. Iran is… Read more »