The stock market tumbled last week, led by highly valued growth plays such as Palantir and Tesla. Nvidia earnings loom.
Market breadth has been a bit of a problem. It is our most negative indicator. Even when SPX made a new all-time high for the second day (Feb. 19), breadth was negative in both NYSE and "stocks only" ...
So, even if stocks are trading at an all-time high, the expectation going forward should be for stocks to set even higher ...
Inflation probably isn't going back to 2% without a recession, according to Barry Bannister, Stifel's top stock strategist.