Explore Mars Market Update Research Notes

Last week, equities extended higher as expected in a counter-trend rally into overhead resistance before reversing sharply lower. The question is whether the rally was "all" or "part" of a wave B counter-trend rally. The impulsive nature of Friday's decline warns of...

Last week, global equity indices started to diverge as the Nasdaq leaders pushed to marginal new highs while the DJIA and Russell reversed sharply lower, potentially setting up trend reversals. The Nasdaq and SPX declined correctively while holding near term support,...

It's time for our mid-year review to update and augment our outlook for the second half of 2021. This follows on from our year ahead review posted on January 4th (see here). Our key stagflation themes and outlook remain unchanged... "As we head into 2021 with the...

As we head into 2021 with the tailwinds of historic fiscal and monetary stimulus coupled with a speculative "Tulip" mania (see Bitcoin, SPAC, Robinhood, etc) it is important to take note of WHERE we are in the cycle. We are nearing the very end of a super-cycle degree...

Last week saw a continued liquidation of global risk. Our expectation was that the decline had not ended and we were looking for wave (v) of the decline. Last week's 2-way price volatility warned of a likely 4th wave as the markets continued to stair step lower. We...