Headlines:*TRUMP: CALL WITH XI LASTED ABOUT 1.5 HOURS*TRUMP SAYS XI AND HIS TEAMS WILL BE MEETING SHORTLY, PLACE TBD*TRUMP: XI GRACIOUSLY INVITED THE FIRST LADY AND ME TO VISIT*TRUMP: WILL INFORM OF SCHEDULING OF THE SOON TO BE MEETINGMarkets appear to have liked those headlines; but it’s still about flat. All of this is secondary...Read More

Markets have stalled the past two weeks, with gains most abundant in semis and AI. A look at the SPY since the 16th of May reveals consolidation aka going nowhere.The NASDAQ faired slightly better with gains just above 1%. The major indices are heavily influenced by market caps and in that upper quartile the vast...Read More

Big cyclical stocks were upside movers today, with breakouts in trains, truckers, chems, lodging and other economically sensitive areas. Earlier today we had positive economic data, vis a vie JOLTS.JOLTS Job Openings 7.39M vs 7.1M EstThe semis and AI stocks were at the vanguard, closely shadowed by small caps and regional banks. This is, essentially,...Read More

Because it is what we’re in, ebbing so slowly towards a break out.The consolidation isn’t exaggerated yet, really only just beginning. This is typical of markets after digesting big gains. We will be data dependent to get us to the next level, maybe. In the meantime, it’s worth noting for the 3rd consecutive day markets...Read More

The only extreme readings in Stocklabs occurred mid-month at 587 on the SPY. We have listed sideways since then.Best performing sectors.Services +5.9%Industrials +5.7%Tech +5.4%Consumer Goods +4%Basica Materials +3%Utilities +1%Healthcare -2.2%Note the returns are less than indices, due to weighting concerns. Top performing industries:Airlines and solar, hmmm.Worst performing Returns by top market capsWorst performing, $50b caps+Top...Read More