Inside Markets — Money Supply Growth
US money supply growth has risen from -4.7% last April to +3.9% in February and looks to be accelerating.
Inside Markets — Signs of Fatigue
The relief rally is showing signs of fatigue as the demand from quarter-end pension fund rebalancing begins to fade.
Inside Markets — Retest Scenario
The SPX has rallied ~4.5% from the March 13 low into the ‘breakdown zone’ between 5765-5910.
Inside Markets — Near-Term
Last week’s small gains in the SPX and Nasdaq 100 (NDX) were largely driven by the absence of incremental tariff headlines, oversold conditions/cleaner positioning, better-than-feared macro data and mostly dovish Fed takeaways.
Inside Markets — Clearing Event?
US economic sentiment continues to deteriorate faster than the hard data.
Inside Markets — Uncertainty Discount
Last week, the SPX rebounded from the 5500-5560 support layer that contains the 52-week Volume-Weighted Average Price (VWAP) for the S&P 500 (SPY).
Inside Markets — Relief Rally
Today’s relief rally from deeply oversold levels follows some positive policy developments.
Inside Markets — SOX Reversal
Downbeat consumer surveys and recent market moves have led to increased recession fears.
Inside Markets — Inflation, Recession and Eurozone
Over the last two years, Truflation, a private company that provides real time/high frequency inflation data, has generated inflation forecasts that lead official BLS CPI data with a 0.1% average deviation.
Inside Markets — Near-Term Outlook
The sell-off in US equities entered its third week yesterday with the Mag 7 index closing in bear market territory, down -20.3% from the all-time high set in December.