THE WEEKLY TOP 10


THE WEEKLY TOP 10


Table of Contents:

1) Fed tightening might not hurt the economy much, but it WILL hurt the stock market (further).

2) The Fed cares MUCH more about the credit markets than the stock market.

3) Trying to explain every short-term moves with fundamental reasoning is a big mistake.

4) Very, very little stress showing up in the financial system thus far. (That’s bearish for stocks!)

5) The dollar is on the brink of a change in trend.

5a) Can the EEM emerging markets ETF breakout to the upside soon?

6) 10-year yield testing key resistance…Banks getting quite overbought near-term.

7) HD is sending up a warning signal for the homebuilders.

8) Are inflation concerns causing consumers to pull in their horns?

9) Updates on the charts of the S&P 500, the Nasdaq Composite and the Russell 2000.

10) Summary of our current stance.


1) As he frequently does, Jamie Dimon made a VERY important comment last week…when he said that the economy can handle the Fed’s new tightening cycle. He very well could be correct. Although the Fed’s new tightening policy should weaken the economy somewhat, there is a decent chance that they can tighten without slowing down the economy in a substantial way. The problem is that Mr. Dimon’s comments are actually a good reason to be bearish on the stock market (even if you’re not bearish on the economy).

This past week, Jamie Dimon reiterated his positive stance on the U.S. economy…and took it one step further by saying that thinks the Fed’s new (more aggressive) tightening policy will not have a major negative impact on the economy. The fact that such a well-respected executive thinks the economy will remain strong despite the Fed’s big change in policy is certainly positive news, BUT it ...

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Morning Comment: Just How Strong Is The Consumer?


It was another rough day for the stock market yesterday…as the S&P 500 fell 1.4% and the Nasdaq declined 2.5%. The futures are looking lower again this morning, so it looks like our concerns from earlier this week…that the bounce ...

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Morning Comment: Emerging Markets Testing Key Resistance



The stock market saw some more upside follow-through yesterday from the big bounce off the lows it saw on Monday, but unlike Monday and Tuesday, the market did not close on its highs for the day. Don’t get us wrong, ...

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The FAANG Stocks Are Close to a Key Support Level



Sometimes people say that a move in the marketplace is a “delayed reaction” to some other development. This reasoning can frequently be used when people have no idea why some asset or another experienced a big move on a given ...

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Morning Comment: Will the action in January really tell us anything?


There are many short-term “seasonal” plays that usually workout quite well for the stock market. For instance, the stock market usually does well around long weekends (especially Memorial Day weekend). It also usually rallies in the days surrounding Thanksgiving and ...

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THE WEEKLY TOP 10



THE WEEKLY TOP 10


Table of Contents:

1) Lower asset prices do not mean the Fed has made a “policy mistake.”

1a) The last time the Fed tightened; they didn’t worry about the stock market.

2) Massive stimulus = more ...

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Morning Comment: Will Cryptos Bounce Once The Year-end Selling Ends?


There are two days left in 2021 and this is going to be a year where no Boston professional sports team won a championship. In fact, none of them even made the finals. There is no question that this is ...

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Morning Comment: Don't Blame The Fed



Well, we finally did get a relatively uneventful day in the stock market yesterday. The DJIA closed in positive territory…while the S&P 500 closed with a very mild loss (and the Nasdaq & Russell 2000 finishing the day with a ...

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Morning Comment: Omicron, Manchin ?, Turkey, and Micron (yes, Micron).

We have been saying recently that we believe the biggest headwind facing the markets right now is the significant change in policy by the Fed. However, there is little question that the larger drop in the futures this morning is ...

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Morning Comment: Is Tesla the canary in the coal mine?

A lot of focus this morning will be on the inflation data…when the CPI number (Consumer Price Index) comes out at 8:30. There are some people who believe we’ll get some relief this month…for reasons like the fact that oil ...

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THE WEEKLY TOP 10


If you would like to get comments like these each weekend...and get a daily note on the short-term term aspects of the broad market, different sectors and specific stocks, please click here to subscribe to The Maley Report.


THE WEEKLY ...

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Morning Comment: Dallas/Dynasty/Yellowstone/Sucession


Over the Thanksgiving weekend, we ran into a couple who had moved away from New England several years ago, but were back visiting family. We were not close to them, but they are fabulous…people and for some reason I always ...

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