"Historically, when the SPX breaks a quarterly streak of exactly 5 up quarters, forward returns are negatively skewed"
The trend is your friend, until it ends. The U.S. stock market is no longer in an Up-trend
"A record 51% of UMich survey respondents are now making unsolicited negative comments about government economic policy"
There have only been 2 other instances where the % of AAII bears stayed above 50% for at least 5 consecutive weeks
"Traders are piling into 5Y Treasuries as tariff risks cloud the Fed’s rate path"
"High-yield credit spreads are now back below their 2024 average"
